PE-backed Hofmann bolts on Posterjack

The bolt-on, which creates the Hofmann Posterjack Group, is part of Hofmann's consolidation strategy in the European market. Further acquisitions are intended.

The transaction was managed by Corporate Finance Partners.

Portobello and Realza acquired an 80% stake in Hofmann in 2009, supported by a senior debt package provided by Santander, Bancaja, Caixa Galicia and Banco Pastor.

Company
Founded in 2005 and based in Munich, Posterjack provides customised printing across Central Europe. The firm prints posters, photo canvases, fine art prints and other printed products.

Posterjack focuses on the German, Austrian and Swiss markets, and generated a €10m turnover in 2012.

Posterjack founder Florian Stadler and CEO John Buscher will continue to lead the company and remain shareholders in the firm.

People
Javier Benjumea is president of Realza. Carlos Dolz de Espejo is director of Portobello.

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