Livingstone’s Industrial Technology team advised the shareholders of CFH Group in the strategic partnership with Yancoal International. With extensive advisory expertise in the mid-market, Livingstone structured the sales process of CFH Group and, in parallel, advised on the acquisition of AIRONN, a leading Turkish manufacturer of ventilation and smoke exhaust systems.
The partnership with Yancoal International represents a significant milestone in CFH’s international growth. It paves the way for enhanced technological innovation, an expanded global market presence, and a stronger commitment to sustainable development.
The strategic transactions consist of the following elements:
Yancoal International Holding Co., Ltd. – a subsidiary of the Chinese Yankuang and Shandong Energy Group – has acquired a 51% equity stake in CFH GmbH. Through this strategic investment, CFH aims to set new benchmarks in the development of intelligent ventilation and environmental technologies, with a particular focus on mining, tunneling, and industrial applications.
CFH GmbH has, in turn, acquired a 51% stake in AIRONN, a leading Turkish manufacturer of high-performance ventilation and smoke extraction systems. The addition of AIRONN’s expertise and product range significantly enhances CFH’s portfolio and strengthens its market position, particularly in the jet fan segment.
As part of its global expansion, CFH underscores its commitment to international collaboration, technological excellence, and sustainable growth.
“Thanks to Livingstone’s comprehensive advice and careful preparation, we were able to tailor the strategic partnership with Yancoal to our needs and set joint milestones,” said Dr. Reinhold Both, Managing Partner of CFH. “The collaboration significantly strengthens our international position and defines new approaches to solutions.”
Alexander von der Schulenburg, member of the management board, adds, “With the acquisition of a majority stake in AIRONN, CFH is partnering with a highly renowned Turkish manufacturer whose expertise and innovative capabilities perfectly complement our own. Thanks to the Livingstone team for their international expertise and seamless process coordination in making this transaction a success.”
“We are delighted that the strategic and long-term solution with Yancoal could be realized, joining forces for sustainable future growth and providing additional market access for CFH Group. The acquisition of a majority participation in AIRONN underlines this joint strategy to further complement technologies, applications, and markets,” adds Ralph Hagelgans, Partner at Livingstone Partners Düsseldorf.
