Proventis Partners advised Fringsgruppe

PRESS RELEASE

Zurich, 29th May 2026 – Proventis Partners advises Fringsgruppe on its partnership with Vidia Cli-mate Fund I

Fringsgruppe (“Frings” or the “Group”) officially becomes part of Vidia Climate Fund I (“Vidia”). The partnership supports the long-term family succession for CEO Josef M. Frings, who will move into an advisory board role following an appropriate transition period, as the Group enters its next phase of independent growth. Together, Frings and Vidia will deepen capabilities, expand into higher-value services, and strengthen the Group’s regional Mittelstand position, while maintaining the speed, pragmatism, and client focus for which Frings is known for.

The Transaction

Following over six decades of family ownership, Josef M. Frings is ensuring a structured transition of leadership to a successor CEO. Having reinvested significantly alongside Vidia, Mr. Frings will remain closely connected to the Group as a shareholder in an advisory capacity.
The Group is in excellent shape, and now is the right moment to initiate a generational transition and lay the foundation for the next phase of growth, according to Mr. Frings. Vidia has a proven track record in exactly these situations – family businesses navigating ownership successions. What stood out was their experience in scaling mid-sized companies operationally, and specifically the ability to drive digitalization in organizations like the Fringsgruppe, as stated by Mr. Frings. That combination was decisive.

The role of Proventis Partners

Proventis Partners acted as exclusive M&A advisor to Mr. Frings throughout the entire process and played a key role in identifying the right partner. Additional advisory services included coordinating the due diligence process as well as structuring and negotiating the commercial terms of the transaction.
“The process was shaped by diverse factors and changing dynamics. Even more, I value the consistently structured, reliable, and results-oriented collaboration. Beyond the professional outcomes, the trust that developed and the close teamwork were key contributors to the success of the project. I am grateful to have had Proventis as a strong partner at our side. Together, we succeeded in achieving a compelling transaction outcome,” said Mr. Frings.
The transaction team of Proventis Partners consisted of Jan Wetter (Partner), Christoph Ulrich (Partner), Holger Heber (Director) und Philippe Hänni (Associate).

About Fringsgruppe

Founded in 1960 and headquartered in Alsdorf near Aachen, Frings is a regional market leader in electrical engineering and technical building automation in North Rhine-Westphalia. With around 350 employees across three locations in Alsdorf, Cologne, and Essen, Frings delivers complex electrical infrastructure that drives the electrification and decarbonization of large buildings and industrial facilities. The Group covers the full project lifecycle from engineering and design through installation, maintenance, and service.
Frings operates through three complementary business units: by delivering end-to-end power distribution, medium-voltage installations, and electrical building fit-out and security systems for complex commercial and industrial buildings, Frings Elektro-Installationstechnik GmbH is the enabler for building electrification and automation. Elektro Frings GmbH specializes in municipal grid infrastructure and public-sector lighting. GID (Gesellschaft für Ingenieurtechnik und Dienstleistungsmanagement mbH) provides automation and switch cabinet manufacturing as well as SPS programming for industrial clients.

About Vidia

Vidia supports mid-sized companies facing succession planning, with a focus on the DACH region, Scandinavia, and Italy, whose products and services make a measurable contribution to industrial decarbonization. The focus is on three investment themes: electrification, the circular economy, and industrial materials. As an investor under Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR), Vidia transforms established business models into sustainable, climate-friendly industry leaders.