Cross Equity Partners buys WDM

The management team secured a minority stake in the buyout.

WDM generates a turnover of €20m and employs 130 people, according to a source close to the situation.

Cross drew equity from its second fund, which was announced in 2015 with a hard-cap of CHF 175m, but held a final close on CHF 100m in August 2017.

The GP said it sees many opportunities for international expansion as well as expansion into related business segments.

Company
Founded in 1998, WDM produces spot-welded wire mesh from its factory in Wolfshagen. It produces an average of 35,000 meshes every day, employs 130 people and generates sales of €20m.

People
Cross Equity Partners – Markus Reich (managing partner).
WDM Wolfshagener Draht- und Metallverarbeitung – Ernst Hüffmeier (CEO).

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• Topics
• DACH
• Buyouts
• Industrials
• Germany
• Cross Equity Partners AG