The Board of MSL Schloss- und Beschlägefabrik AG (MSL) has sold the company to ASSA ABLOY Group for an undisclosed consideration.
Founded in 1892, MSL has become the quality leader in innovative locks in Switzerland.
ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience. Funded in 1994, ASSA ABLOY has grown from a regional company into an international group with about 44,000 employees, operations in more than 70 countries and sales close to US$7 billion. In the fast-growing electromechanical security segment, the group has a leading position in areas such as access control, identification technology, door automation and hotel security.
Due to its long standing history, the target was owned by over 60 shareholders. Binder Corporate Finance was mandated by the Board of MSL and represented a group owning a majority. All other shareholders joined the SPA subsequent to the signing with the majority shareholders.
Oaklins' team in Switzerland advised the seller in the preparation of the divestment process and due diligence, the approach and negotiations with potential buyers, and assisted him until closing.
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