Successful Corporate Succession Arrangement for eyevis

eyevis - a global supplier of large screen systems for control rooms, monitoring centres, information, communication, simulation and virtual reality - announces the signing of an ownership change agreement. The new majority shareholder will be the Frankfurt-based private equity fund Brockhaus Private Equity. The change in the ownership structure provides eyevis with a secure succession arrangement as well as firstrate 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 committed to securing the company's technological edge.

The changes are aimed at providing eyevis with an ideal succession arrangement and, in doing so, enabling the company to continue its successful 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. 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", says Michael Schuster, founder and outgoing CEO of eyevis.

"I greatly look forward to my future responsibilities and to joining eyevis's proven team", comments 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", adds Nagel.

"In committing ourselves to eyevis, we have certainly made the right choice. The company offers excellent growth prospects - not least as a result of the tremendous opportunities on the international markets", explains Marco Brockhaus, founder and managing director of Brockhaus Private Equity. "We are particularly pleased with the fact that, mindful of the outstanding opportunities that lie ahead, the founders will remain closely linked to their company in the future", adds Jan-Daniel Neumann, managing director of Brockhaus Private Equity.