
Invision buys stake in Reisenthel Accessoires
Swiss GP Invision has bought a majority stake in Bavarian family-owned bag and basket business Reisenthel Accessories.
The GP will invest in the company's international expansion and the development of new products, according to a statement.
The Reisenthel family will remain a minority shareholder in the business and will continue in its management role.
Invision is currently deploying from vehicles including Invision VI, which held a final close in February 2019 on €375m. It invests in DACH companies with sales of €25-200m and provides equity tickets of €25-45m.
Company
Based in Gilching, Bavaria, Reisenthel produces baskets, bags and trolleys for use in shopping, travel, cosmetics and the organisation of children's rooms.
The company was founded in 1971 by Peter Reisenthel. It has stores in Berlin and Munich, and a headcount of 80. It reported 2017 profit of more than €6.3m and total assets of €21.5m, according to Northdata.
People
Reisenthel Accessoires – Peter Reisenthel, Rita Reisenthel, Patrick Reisenthel (managing directors).
Advisers
Vendor – IMAP (corporate finance).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater