Background

  • Publicly-listed Japanese company Sumitomo Rubber Industries (SRI) is one of the world’s largest manufacturers of tires and rubber products for various applications
  • Lonstroff is a Switzerland-based manufacturer of elastomer products specialising in the production of medical rubber
  • Founded in 1908, Lonstroff was acquired by SRI in 2015. Lonstroff is an important development and production partner for the medical and industrial rubber industries with over 50 active customers in more than ten countries
  • Nimbus Capital Management (Nimbus) is a private equity fund headquartered in the Netherlands

Process

  • Daiwa and DC Advisory acted as exclusive financial advisors to SRI on the sale of Lonstroff
  • DC Advisory was engaged to identify an ideal partner to support Lonstroff’s future growth plans in the field of medical rubber components
  • DC Advisory carried out a competitive and expedited investor process with a focus on financial investors, concentrating on the DACH region, which aimed to maximise deal value and transaction certainty at each stage
  • DC Advisory provided hands-on support and comprehensive strategic advice on all aspects of the transaction 

Outcome

  • In January 2024, Nimbus acquired 100% of Lonstroff
  • Nimbus will provide financial and operational support with the aim to back Lonstroff's future growth plans
  • Financial terms were not disclosed
  • This transaction illustrates DC Advisory's capabilities in supporting high-profile clients in cross-border sell side transactions

“DC Advisory guided us closely from the beginning to the successful completion of the project. Their expertise and commitment to high-quality advice played a pivotal role in this achievement”

Masahiro Tsuzaki
Executive Officer, Sumitomo Rubber Industries

“We are very happy to have advised Sumitomo Rubber Industries on this interesting transaction and wish both Lonstroff and Nimbus all the best for their joint future”

Philipp Sebbesse
Managing Director, DC Advisory Germany

“Many more Japanese corporates are managing their international business portfolios dynamically, applying selection and focus; we are pleased to have assisted SRI to achieve its strategic objective”

Tosh Kojima
Managing Director, DC Advisory UK