Paragon Partners to acquire Weka

The GP is currently deploying equity from its third fund, which held a final close in June 2019 on €780m, surpassing its target of €500m. The vehicle writes equity cheques of €30-150m, and invests in companies with enterprise values of €30-250m and EBITDA of €10-30m.

Paragon's investment in Weka follows its acquisition of industrial engineering company Castolin Eutectic in April 2020 and is the third investment from the fund.

Unquote sister publication Mergermarket reported in July 2018 that GCA had been mandated to run the sale process. The company was being marketed based on EBITDA of €35-40m at the time. It reported revenues of €247m and EBITDA of €36.7m in 2018.

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

Company
Weka is a group of 28 B2B publishing companies and four B2C specialist publishing companies covering areas including business information, education and software. The company was founded in 1973 and is based in Kissing, Bavaria. It has 1,500 staff.

People
Weka – Wolfgang Materna (managing director).

Advisers
Company – GCA Altium (M&A).

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