The Corporate team of King & Wood Mallesons ("KWM") has advised the private equity firm Alantra on the acquisition of Gantner Electronic Austria Holding GmbH ("Gantner") by its portfolio company SALTO Systems ("SALTO"). The transaction has been financed by a capital increase of €125 million subscribed by both Alantra and other current shareholders of the company and by new international investors: Sofina (Belgium), Peninsula Capital (Luxembourg) and Florac (France).
Financial investors will hold a combined 30% stake in SALTO, with the remainder retained by SALTO’s founding members and managers (60%) and private investors (10%).
The legal team that has advised Alantra in this deal was led by Partner Roberto Pomares and Senior Associate Gonzalo Fernández.
SALTO, a Basque company with a track record of over 20 years, is a leading manufacturer in electronic access control solutions with trusted customers in Education (Princeton University, University of Oxford), Hospitality (Hilton, Meliá Hotels and Resorts), Healthcare (Cleveland Clinic), Commercial (Assemblée Nationale, T-Mobile), Working Spaces (IWG Group, The Executive Center), Retail (BBVA, Migros), Coliving & Purpose Based Student Accommodation (The Student Hotel, Sonder) and Residential (Greystar).
Gantner is an Austrian company specialised in access systems, electronic locking and locker systems, cashless payment, cash register and billing systems, staff time recording systems as well as ticketing and management software for leisure facilities.