Pentapart buys Westiform Germany from insolvency

The company cited an unexpected fall in sales in its insolvency filing with the Offenburg district court, in particular due to a fall in demand for automotive industry clients.

Dirk Pehl of law firm Schulze & Braun was appointed as insolvency administrator for the company, which is a subsidiary of Switzerland-based Westiform Group.

The deal will retain 140 of the company's 220 staff.

Pentapart makes long-term investments in small- and medium-sized businesses in the DACH region, investing as part of succession solutions, restructurings or special situations. Managing partner Christian Dreser will join Westiform as a managing director.

Company
Westiform's German operations are headquartered in Ortenberg. The company assist clients with signage and point-of-sale (POS) systems, providing services ranging from prototyping and manufacturing to the installation and dismantling of signs. Its digital signage operations include procurement, software and applications planning and content consultancy. According to its website, its clients comprise both SMEs and large corporates, as well as Frankfurt Airport.

Westiform's German operations were formed when Westiform acquired Boos+Hahn in 1989. The company reported revenues of €63.7m in 2018, compared with €64.2m in 2017.

People
Pentapart Beteiligungskapital – Christian Dreser (managing partner).

Advisers
Company – Saxenhammer (M&A); Schulze & Braun, Dirk Pehl (legal).

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