Steadfast Capital to buy W Söhngen
German GP Steadfast Capital has expressed its intention to wholly acquire first aid equipment manufacturer W Söhngen, according to a filing registered with the German competition authority on 21 May 2019.
The firm will use Steadfast Capital Fund IV for the investment, which held its final close on €297m in March 2019.
The fund invests in lower-mid-market companies with enterprise values of between €20-150m. Its focus is on companies it can expand through buy-and-build strategies using modest leverage of 3-4x EBITDA.
The company employs more than 130 people at its production plant in Taunusstein. It sells its product in Germany, Austria and Switzerland, and manufactures products in three verticals: wound care, first aid and emergency medicine.
Steadfast declined to comment at the time of publication.
More on Buyouts
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
Main Capital's Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
TPG takes majority control of A-Gas, doubles down on impact investing
KKR partially exits its 2017 investment in the specialty gas and chemical distributor, retaining a minority stake
Quadrivio to capitalise on baby boomers as it nears wrap for its new EUR 300m fund
The Silver Economy Fund makes its second investment as it highlights trend of GPs doubling down on narrow strategies
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds