Philippe Merk and Jerome Biard take a majority stake in the management buy-out of Roventa-Henex of the renowned Swiss private label manufacturer.
Sixty percent of the capital of Roventa-Henex S.A., founded in 1959 by Norbert Schenkel in Biel, will be acquired today by the management of the Bern-based company.
Findos Investor, Munich, which has supported the company’s growth since 2013, will continue to play a role in the governance of the leading company and is very convinced of the strategy the company has implemented and its plans for sustainable development.
This move allows Chairman Philippe Merk and CEO Jérôme Biard to each acquire 30% of the company’s capital, while the company retains 40%.
“We have been working closely with the Findos Investor team since 2015, and I am proud to take on this new role together with Jérôme, who will join us in 2019, making us even more active and engaged,” says Philippe Merk, the renowned Zurich-based manager, director and investor.
Jérôme Biard, CEO of Roventa-Henex, emphasises that this approach “will allow us to plan our long-term actions and support product development for our long-standing customers, guaranteeing them security and peace of mind by taking our future into our own hands in the spirit of entrepreneurship”.
Founded in 1959, Roventa-Henex is now the leading manufacturer of high quality Swiss Made private label watches. We work for many well-known international watch brands, prestigious jewellers and renowned retailers. With our in-house design and development team of experienced designers, technicians and component specialists, we are able to cover a wide range of products and offer Swiss Made models in every price segment.