P+P advises the management of Frauscher Sensortechnik on management buyout
The New York-based private equity investor Greenbriar acquired Frauscher Sensortechnik by way of a management buyout (MBO). The seller is Josef Frauscher Privatstiftung, which the company's founders brought into the company in 2002. The management of Frauscher connected with CEO Michael Thiel invested in the company.
The Frauscher Sensortechnik group, headquartered in St. Marienkirchen near Schärding in Upper Austria, is a provider of railway and track technology and develops, e.g., signaling technology. At the end of 2014, Frauscher had 140 employees in St. Marienkirchen and 200 employees worldwide.
The Greenbriar Equity Group, headquartered in New York, is an international company specializing in investments in companies in the transportation sector.
P+P Pöllath + Partners and CMS Austria advised the management of Frauscher Sensortechnik with the following team:
- Dr. Barbara Koch-Schulte (partner, PE/M&A, Munich)
- Dr. Matthias Bruse (partner, PE/M&A, Munich)
