Houlihan Lokey Advises Aurelius

Houlihan Lokey is pleased to announce that VAG GmbH (VAG), a portfolio company of AUR Portfolio III, part of AURELIUS, has agreed to sell a majority stake to Georg Fischer AG (Georg Fischer). The transaction is subject to the fulfilment of customary closing conditions.

VAG is a leading international supplier of high-end utility scale water valves for diverse water applications in potable water, wastewater, dam and hydro, and industrial and power. With more than 150 years of experience, the company provides reliable solutions for water distribution, treatment, and control in critical infrastructure worldwide. VAG’s product portfolio supports the safe and efficient operation of drinking water, irrigation, and industrial systems, playing a vital role in securing global water supply. Headquartered in Germany, VAG employs more than 1,000 people across production and sales locations in Europe, Asia, Africa, and the Americas.

AURELIUS is a globally active private equity investor, distinguished and widely recognised for its operational approach. Its key investment platforms include AURELIUS European Opportunities IV, AUR Portfolio III, and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, particularly expanding its global footprint, and today employs more than 400 professionals in nine offices spanning Europe and North America.

Founded in 1802, Georg Fischer is a purpose-driven industrial company with a heritage of more than 220 years and a globally diversified business. In line with its purpose of driving sustainable progress, the company empowers industries that contribute to a better future through innovative technologies, strategic partnerships, and targeted investments. Key areas of focus include efficient use of resources and securing the quality and availability of water and energy worldwide.

The acquisition of VAG is a strategic and coherent step for Georg Fischer. It will round out its portfolio of infrastructure flow solutions to include pipes, fittings, valves, connection technology, stormwater management, and repair solutions, marking a new milestone in becoming a global leader in water solutions for buildings, industry, and infrastructure.

Houlihan Lokey served as the exclusive M&A advisor to the shareholders of VAG. The deal team assisted in initiating, structuring, and negotiating key commercial aspects of the transaction on its behalf. This deal represents another highly successful transaction for Houlihan Lokey and builds on the firm's experience in flow control and water technologies.

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