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).
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