Clifford Chance has advised palero invest on the sale of its portfolio company Bandfix AG to CCL Industries Inc., the Canadian global market leader in the label industry.

Bandfix AG is a Switzerland based supplier of high quality and innovative labeling solutions with annual sales of approximately 40 million Swiss Francs. The company supplies a large number of renowned customers from cosmetics, body care, food, beverage, chemical-technical products, logistics, marking industries as well as from the watch industry.

In 2012, palero invest took over Bandfix AG from tesa SE and imposed a comprehensive reorganization program upon the company afterwards.

palero invest is an independent private equity fund based in Luxembourg which is advised by palero capital GmbH in Munich. After the exit of Bandfix AG the 50 million Euros fund currently holds a portfolio of five companies (Heinrich Kopp GmbH, cenadruck GmbH, Hakle GmbH, Heidrive GmbH and VPC GmbH).

The Clifford Chance team was led by partner Christine Kozizcinski and comprised senior associate Stefan Bruder and transaction lawyer Julia Tremmel (all Corporate) as well as partner Thorsten Sauerhering and senior associate Dr. Dominik Engl (both Tax) – all Frankfurt.

A team led by Christine Kozizcinski recently advised palero invest on the acquisitions of Vattenfall Europe PowerConsult and of Heidrive GmbH & Co KG, a manufacturer of electric motors.