Hannover Finanz invests in Paper + Design GmbH
Private equity firm Hannover Finanz Group has acquired a majority stake in Paper + Design GmbH from investor Nord Holding.
The transaction was organised by corporate finance advisers @visory Partners.
Wolkenstein-based Paper + Design GmbH is a manufacturer of table decoration products such as napkins, table cloths and candles and was founded in 1999. The company has a turnover of €36m.
Nord holding acquired Paper + Design GmbH in 2005 for €50m in an auction from private owners.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com
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