Paragon buys Inprotec

Selling shareholders Andreas Baranyai and Pierre Schwedtfeger will retain a significant minority position and remain responsible for managing the business.

Paragon drew equity for the transaction from its €412m buyout fund, which held a final close in July 2014.

Baranyai and Schwedtfeger appointed Commerzbank to sell the business in March, in an auction that attracted the attention of a number of PE firms, according to Unquote sister publication Mergermarket. The business was marketed based on an EBITDA slightly in excess of €10m, according to the report.

Company
Inprotec was founded in 1999 and is headquartered in Heitersheim, Germany. The company is a contract manufacturer for industrial drying and granulation services using fluidised-bed spray granulation, coating, matrix encapsulation and spray drying technologies. Inprotec employs 250 people and generated a turnover of €35m in 2016, according to publicly available documents.

People
Paragon Partners – Marco Attolini (managing partner).
Inprotec – Andreas Baranyai, Pierre Schwedtfeger (managing shareholders).

Advisers
Vendor – Commerzbank (M&A).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Paragon Partners GmbH