Global law firm Clifford Chance has advised Paragon Partners (“Paragon”) on the sale of Condecta Group to Swiss Life Asset Managers.

Condecta, headquartered in Winterthur, is the market leader for modular systems in Switzerland. The company operates 14 locations in Switzerland as well as additional locations in Germany and Italy. During the successful growth phase under the ownership of Paragon, Condecta has undergone a strategic realignment and has increasingly focused on the modular systems division, in particular modular space systems.

Paragon is an owner-managed private equity firm headquartered in Munich and has been investing in mid-sized businesses in Germany, Austria and Switzerland since its establishment in 2004. The Paragon portfolio spans various industries and currently includes 12 companies. Paragon currently manages over €2.4 billion in equity.

The Clifford Chance team for Paragon was led by partner Volkmar Bruckner and counsel Samuel Frommelt and comprised partner Mark Aschenbrenner, the associates Max Petzelberger and Mona Fuchs (all Corporate/Private Equity, Munich), partner Dominik Engl (Tax, Frankfurt) as well as partner Claudio Cerabolini and associate Lorena Loos (both Corporate, Milan).
Swiss law firm Bär & Karrer acted as Swiss counsel.