Cornerstone Capital exits EppsteinFoils to trade

Cornerstone acquired EppsteinFoils, then known as Stanniolfabrik Eppstein, in June 2008 from parent company JL Goslar Group. The GP invested alongside Columbus Investment and the company's CEO, Dirk Mälzer. Nassauische Sparkasse provided debt to support the buyout and the deal was valued at less than €25m.

Cornerstone deployed equity via CornerstoneCapital Fonds II, which was launched in 2007. The fund held a first close in 2008 and had a lifespan of 10 years, with an optional extension of two years. The fund deployed equity tickets of €3-10m.

Company
Founded in 1852 and based in Eppstein, EppsteinFoils produces technical non-ferrous metal foils for use in industries including industrials, consumer, electronics and healthcare. It produces lead, tin and alloy-based foils. The company reported revenues of €23m in 2007 and had 80 employees. It currently reports revenues of €27m.

People
Cornerstone Capital – Pieter van Halem (managing partner).
EppsteinFoils – Dirk Mälzer (CEO).

Advisers
Vendor – Ferber & Co (corporate finance).

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• Exits
• DACH
• Industrials
• Trade sale
• Germany
• Cornerstone Capital AG