PartnerFonds sells MusikProduktiv to trade

The sale process was initiated in November 2019.

The GP bought a 25.1% stake in the company in June 2015 via a capital increase. PartnerFonds increased its stake in MusikProduktiv to 60% in December 2017.

PartnerFonds generally invests for majority stakes in companies with revenues of more than €10m.

PartnerFonds had not responded to a request for comment at the time of publication.

Company
MusikProduktiv is headquartered in Ibbenbüren, where it has a retail site. It also sells its musical instruments and equipment online, with a product portfolio of 28,000 items ranging from guitars to DJ controllers.

The company reported 2017 profits of €20.9m, compared with €16.9m in 2016. It has 70 employees, according to its website. Founded in 1974 by Günter Zierenberg, it launched its online shop in 1998.

People
MusikProduktiv – Günter Zierenberg (managing director).

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