ECM acquires Wieners+Wieners

Previous owner Caldec Holding, a corporate group that had been invested since 2011, and the company's management will both remain invested.

ECM plans to take advantage of the consolidation of the language services market by executing a buy-and-build strategy. Wieners already acquired one competitor in 2014: Hamburg-based SprachKontor. The GP also plans additional hires.

Kai-Dominik Weyel will continue to act as the company's sole managing director. Hermann Wendelstadt, managing partner of Caldec and current managing partner at Wieners responsible for customer service, sales and marketing, will become a member of the advisory board following the transaction.

ECM invested via its German Equity Partners IV fund, which closed on €230m in June 2012. Wieners is the fund's fourth acquisition, following Bergmann Automotive, care software provider Medifox and travel operator Leitner.

The transaction's closing will take place on 30 June 2016.

Company
Founded in 1990 and based in Hamburg, Wieners+Wieners translates and proofreads catalogues, annual reports, mailings, fund prospectuses, slogans, sales folders, posters, websites and other documents. The business claims to have a network of 900 translators and proofreaders that cover 70 languages. Wieners employs 60 people.

People
Equity Capital Management – Florian Kähler (partner).
Caldec Holding – Hermann Wendelstadt (managing partner).
Wieners+Wieners – Kai-Dominik Weyel (managing partner).

Advisers
Equity – EY (financial due diligence, tax); Allen & Overy (legal); King & Wood Mallesons (legal); Goetzpartners (commercial due diligence); Willis (insurance due diligence).
Vendor – Freshfields Bruckhaus Deringer (legal); William Blair (corporate finance); Deloitte (financial due diligence).

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• Topics
• Buyouts
• DACH
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• ECM Equity Capital Management
• Germany