Proventis Partners advised OC Oerlikon

The Oerlikon Group has signed an agreement with China’s Jinsheng Group to sell the Natural Fibers and Textile Components business units (BUs) of its Textile segment. The sale represents a further strategic step towards optimizing and balancing Oerlikon’s portfolio by significantly reducing the textile-related share of total group sales.

OC Oerlikon is one of the world’s leading high-tech industrial groups with over 11,000 employees and more than CHF 2.5 billion in sales. In the textile sector, the Swiss group will now focus on the man-made fibers business.

Jinsheng Group is a leading manufacturer of premium CNC machines & tools, textile recycling machines and medical testing equipment. The company operates in four business units: High End Machine & Tools BU, Regenerated Cotton Fiber BU, Real Estate BU and Saliva Based Test BU. Jinsheng Group has annual sales of over RMB 6.6 billion with more than 5,000 employees and 70 subsidiaries worldwide.

Proventis Partners acted as exclusive M&A advisor to Oerlikon Group throughout the carve-out process.