eyevis, the German supplier of large screens and videowalls for control rooms and monitoring centres, now has a new owner. The new majority shareholder will be the Frankfurt-based private equity fund Brockhaus Private Equity. The company said that the change in the ownership structure provides eyevis with a secure succession arrangement as well as first rate prospects for further international growth.
Financing for this transaction is being provided by ‘Brockhaus Private Equity II’, a fund specially focused on medium-sized growth companies. All current eyevis shareholders will remain closely associated with the company. In particular, Heiko Schaich, one of the two incumbent managing directors and the company’s ‘technological mastermind’, will continue in his dual role as a shareholder and a managing director.
The changes are aimed at providing eyevis with an ideal succession arrangement and, in doing so, enabling the company to continue its growth strategy with a view to further business development and expansion.
“The eyevis succession arrangement is an outstanding achievement that gives us a perfect framework for the continuation of our long-term growth strategy,” said Michael Schuster, founder and outgoing CEO of eyevis. “Brockhaus Private Equity is an ideal partner for us, because this fund is familiar with the culture of medium-sized firms and has already assisted numerous medium-sized technology companies in their successful bid for global expansion.”
“I greatly look forward to my future responsibilities and to joining eyevis’s proven team”, said eyevis’s new CEO, Michael W. Nagel. “The company has evolved superbly over the last few years and offers outstanding growth prospects. Based on my wide-ranging international sales experience, I will help to ensure that the eyevis success story now moves on to the next level.”
“In committing ourselves to eyevis, we have certainly made the right choice,” said Marco Brockhaus, founder and managing director of Brockhaus Private Equity. “The company offers excellent growth prospects – not least as a result of the tremendous opportunities on the international markets.”