Lead Equities-backed Weidinger acquires IP-Group

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Lead Equities portfolio company Weidinger & Partner has acquired a majority stake in Austrian educational services provider IP-Group Beteiligungs GmbH.

Lead Equities holds a 60% stake in Weidinger & Partner, which it acquired in 2011.

Senior debt to finance the bolt-on was provided by Raiffeisenlandesbank Niederösterreich-Wien.

Company
IP-Group, trading under the Ipcenter Group brand, was founded in 1997. It provides educational services and training for adults. The company has 50 employees and generated sales of €7m in 2011.

Advisers
Equity – LeitnerLeitner (Financial due diligence & tax); KWR (Legal).
Vendor – TJP (Corporate finance); ENWC Taylor Wessing (Legal).

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