Transaction

Transaction Details

Closed
August 15, 2019

Sector

Industrials and Industrial Technology

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GCA Advises Cross Equity on the Divestiture of Swiss Tools to RBC Bearings Subsidiary Schaublin

GCA acted as exclusive financial advisor to Cross Equity and the management of Swiss Tools on the sale of a majority stake in the Swiss Tools Group to Schaublin SA, a subsidiary of NASDAQ-listed RBC Bearings Inc.

Swiss Tools is a global provider of high-precision modular toolholder systems for end markets including the mechanical engineering, aerospace and energy sectors. Cross Equity, which acquired the company in 2016, transformed Swiss Tools into a successful international firm by the enhancing the professional excellence within the organization and strategically focusing on profitable international growth with a particular emphasis on opening up additional core markets.

Schaublin SA is a subsidiary of RBC Bearings Inc. (NASDAQ: ROLL), a global provider of high-precision and high-specification ball bearing, roller bearing and plain bearing solutions for various industrial markets as well as the aerospace and defense industries.

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