
Rhein Invest buys majority stake in Spiegel Institut
Rhein Invest has acquired a majority stake in family-owned consumer research company Spiegel Institut.
Andree Kang is to join the company as CEO following the buy-in, according to a statement from sell-side adviser Imap. The statement added that the deal is part of a succession solution.
According to the same statement, Rhein intends to support the company's sustainable growth strategy, which was initiated three years ago.
Rhein focuses on long-term investments in SMS based in the Netherlands and Germany. Its portfolio companies include Germany-based compressor and vacuum pumps producer CVS Engineering, as well as Netherlands-based animal feed trailer producer Welgro.
Company
Founded in 1950, Spiegel Institut is a consumer research and user experience consulting company. The business serves clients in consumer goods sectors including healthcare, automotive and household technology. The business is headquartered in Mannheim and has seven offices in total in Germany and Asia. Spiegel Institut employs 130 staff.
People
Spiegel Institut – Beate Irmer (managing director); Andree Kang (CEO).
Rhein Invest – Jan Middelburg (partner, founder).
Advisers
Equity – Imap, Peter Koch, Marco Strogusch, Nils Keller, Tim Buttelmann (corporate finance).
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