A coalition of investors led by Helvetica Capital AG, a Swiss-based private equity firm, and the Sphinx management have today announced the sale of the Switzerland-based Sphinx Tools Ltd and its wholly owned subsidiary P. Rieger Werkzeugfabrik AG (“Sphinx Tools”) to Sandvik, the global high-tech engineering group headquartered in Sweden.
Target – Sphinx Werkzeuge AG
Buyer – Aktiebolaget Sandvik Coromant
Seller – Helvetica Capital AG
Seller – Management Team