
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater