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Company Sale

Succession planning for Econis AG

June 12, 2017 – Econis specializes in cloud and outsourcing services as well as IT solutions. The Dietikon-based company relies on Renaissance for its succession planning and to strengthen its capital base.

A year and a half ago, the management was rejuvenated with Toni Fuchs as CEO. Another important step has now been taken with the Renaissance investment foundation taking over the majority of the share capital and Toni Fuchs also taking a stake in the company. A new shareholder structure was thus created that guarantees the long-term direction of the company.

Hans Blindenbacher takes over the chairmanship of the board of directors and ensures the continuity and strategic development of Econis, in collaboration with Econis management.

“This solution enables us to consolidate and further expand the company’s market position as a Swiss IT service provider. New services in the areas of security and workplace management will make their contribution to this. I am convinced that the independence and stability of the new owners will meet customer expectations for the continuation of successful business relationships and Swissness,” says Toni Fuchs, Managing Director of Econis AG.

Xavier Paternot, who represents the Renaissance Investment Foundation on the Board of Directors: “As representatives of the pension funds invested in the Renaissance Investment Foundation, we are happy to secure the successor. As one of the leading Swiss providers of IT outsourcing services, Econis has built up a remarkable service portfolio. We like the excellent references and the dynamism and experience of the workforce.”

Renaissance acts as a partner to Swiss SMEs when financing growth or succession solutions. Renaissance focuses on innovative SMEs with a turnover between CHF 20 and CHF 80 million. The investments are financed exclusively by the pension funds that belong to the investment foundation. For 20 years, Renaissance has been providing customer-focused, high-quality services to the investors who place their trust in Renaissance.

Proventis Partners AG, Zurich, fully supported the existing shareholders and management of Econis AG in the sale process as exclusive M&A advisor throughout the entire process. Proventis Partners was responsible for evaluating and approaching potential buyers, coordinating the due diligence and negotiating the transaction. Proventis’ tasks also included company valuation and the development of recommendations for the owner of Econis AG.