Afinum acquires Hoffmann Fördertechnik

According to a statement, the GP acquired a stake in the business as part of a succession plan for the company. Financial details surrounding the transaction remain undisclosed.

The management team and the GP aim to use the capital injection to expand the business internationally and boost its production capacity.

Afinum acquired an undisclosed stake in the company via its vehicle, Afinum Siebte Beteiligungsgesellschaft, launched in December 2012. The mid-cap buyout vehicle held a first and final close on its €280m hard-cap in April 2013.

Company
Founded in 1948 and headquartered in Wurzen, Hoffmann produces electric chain hoists under the brand name Liftket and distributes to the industrial sector, as well as entertainment and wind-power segments.

Currently the business employs a staff of 230.

People
Afinum – Thomas Buehler (founder, managing partner).

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• Topics
• Buyouts
• Industrials
• DACH
• Afinum
• Germany