
Capiton Acquires GPE Group
Capiton has acquired Germany-based medical technology systems and components manufacturer GPE Group.
Capiton has acquired the company with the management team from the current undisclosed shareholder.
The firm will use its Capiton V vehicle, which closed on €440m in 2015 and takes both majority and minority stakes in mid-market companies in the DACH region. This is the fund’s ninth investment.
The firm invested in the company for GPE's market position and the impact of increasing regulation for medical technology products in 2020. It plans to grow the company organically and through M&A.
The firm registered a regulatory filing with the Austrian competition authority on 30 April 2019.
Company
GPE Group, established in 1949, is a producer of plastic, silicone, metal and sheet metal products for the medical, safety engineering, aviation and automotive industries. The company has approximately 370 employees and generates an annual turnover of more than €50m. The business includes GPE Plast Engineering, GPE Systeme, GPE InPlast and Multicon, and has locations in Dassow, Neumünster and Seebach.
People
Capiton – Fritjof Franz (investment director); Jonathan Lerman (analyst).
Advisers
Equity – Roland Berger (commercial due diligence); KPMG (financial due diligence); EY (tax); CMS (legal); AvS (management due diligence); Tauw (environmental due diligence).
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