Premium Equity Partners acquires IC! Berlin

The company's founder Ralph Anderl will retain a 30% holding and CEO Jörg Reinhold has acquired a 5% stake.

This is the first investment from Premium's €30m fund, a short-duration vehicle with a two-year investment period backed by family offices and private investors. It will make 3-4 investments in total.

Premium has made four investments since it was founded in 2011 and recently made its first exit, selling portfolio company Actech to Belgian trade-buyer Materialise for an enterprise value of €45m.

Details of the IC! Berlin transaction were not disclosed, however Premium generally writes equity cheques of between €2.5-10m for companies with sales ranging between €10-50m. It also co-invests in larger deals.

Company
IC! Berlin was founded in 1999. It designs and manufactures screwless glasses in its own production house in Berlin. The company employs 190 people and has an additional office in New York as well as operations in Asia. The company generated gross profits of €8m in 2014, up from €6.1m in 2012, the most recent year for which figures were available.

People
IC! Berlin - Ralph Anderl, Jörg Reinhold (co-founders).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• DACH
• Consumer
• Germany