Premium buys Clarus from Pinova

It is the second investment from Premium's Mittelstand fund, a short-duration vehicle with a volume of €30m and a two-year investment period backed by family offices and private investors. It will make three or four investments in total.

The management team led by Norman Thom and Markus Mondani will remain invested and the employee participation programme will be substantially enlarged.

Premium stated it would support Clarus in its growth strategy with selective add-on acquisitions.

The GP has made five investments since it was founded by former Haalder partner Marcel van Wijk in 2011 and recently made its first exit, selling portfolio company Actech to Belgian trade-buyer Materialise for an enterprise value of €45m.

Pinova supported two acquisitions for Clarus during its holding period and increased its sales volume by 7-8% a year to 30,000 tonnes. It also introduced some new members to the management team, including Norman Thom, and completed the succession plan.

Previous funding
Pinova acquired a 65% stake in Clarus in 2012, drawing capital from its €115m buyout vehicle Pinova Fund I. 

Company
Clarus was founded in 1978 and is headquartered in Dietzenbach near Frankfurt. The company sells film and laminate packaging materials to the food and consumer good industries. It generated sales of €60m and employs 60 people.

People
Premium Equity Partners – Fabian Walesch (partner).
Pinova Capital – Martin Olbort (partner).
Clarus Films Group – Norman Thom, Markus Mondani (managing directors).

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