DZ Equity Partner exits Paidi

Paidi is a children's furniture manufacturer based in Hafenlohr, Germany. The company employs around 500 members of staff and had a turnover of €63m in 2010.

Welle Holding now has a 97,5% stake and managing director Udo Groene holds the remaining 2,5%. DZ Partners acquired a minority stake of Paidi in 2007 for an amount thought to be between €50-100m.

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