HQ Equita acquires stake in Wolf Verpackungsmaschinen

Unquote understands that the investment was sourced via a limited auction process.

Wolf's three previous investors and its family owners will remain shareholders in the company. The GP will not take a seat on the company's board.

The GP acquired The Packaging Group in June 2018 and took majority stakes in its associated companies, Fawema and HDG. HQ Equita will combine Wolf and The Packaging Group to join and grow their services and product portfolios, creating a group with 400 employees and operations in 14 locations.

HQ Equita deployed equity from Equita V, which held its final close in April 2019 on €308m. The vehicle has so far made four investments, including The Packaging Group. The fund aims to make six to nine investments during its lifespan.

Company
Wolf manufactures plastic packaging machines for use in the food, chemicals and industrial sectors. The company has a headcount of 200, with operations at nine locations, including an assembly site in China.

Advisers
Company – CF:M (M&A); Taxess (tax); EGW Law (legal).
Equity – Alantra (M&A); Ebner Stolz (financial due diligence); Munich Strategy Group (commercial due diligence); Watson Farley & Williams (legal, tax).

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