Highlander backs Rotometal
US- and Poland-based private equity house Highlander has acquired a 50% stake in Polish rotary tool manufacturer Rotometal.
Highlander was attracted to the company's unique technical knowledge and long-standing client relationships, the GP said in a statement. Rotometal will use the new investment to expand the product range and enter new export markets.
The GP was active in Poland in 2016 with two exits and an acquisition. It sold ProService Agent Transferowy to Oaktree and Cornerstone in a secondary buyout, and a 50% stake in Warsaw-headquartered Medi-systems to French trade buyer Orpea. It also bought a 60% stake in food producer QFG for an undisclosed sum.
Company
Company president Joachim Setnik founded Rotometal in 2006 in Świebodzin, Poland. The firm produces bespoke magnetic and print cylinders for flexographic printing machines. More than 80% of its production is exported – Asia, the Middle East and Africa are its largest export regions. It employs a staff of 110 and generates revenues of around PLN 30m.
People
Highlander Partners – Dawid Walendowski (managing partner).
Rotometal – Joachim Setnik (president).
Advisers
Equity – Gessel (legal).
Company – FSG (legal).
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