CIC Capital is expanding its footprint among Swiss medium-sized businesses. The Crédit Mutuel subsidiary is looking to help drive growth among family-owned businesses.
CIC Capital (Switzerland) has taken a minority stake in the manufacturer of paper-making machines and systems which will help strengthen its leading global market position, the private equity investment subsidiary said in a statement Friday.
The Hunkeler Group was founded in 1922, and is managed by Michel Hunkeler, who together with his brother Franz Hunkeler, retain a majority stake in the concern.
