
Quadriga Capital acquires Lapp Insulators
Private equity house Quadriga Capital has bought Lapp Insulators from Andlinger & Company.
Debt
There was no debt provided for the transaction.
Company
Lapp Insulators is a manufacturer and marketer of high-voltage insulators for the power industry. Its products include ceramic and composite insulators for applications ranging from 15 kilovolts to 765 kilovolts. In its factories in Germany, New York, Poland, Georgia, Romania and China, Lapp employs about 1,100 people. In 2010 the firm generated a turnover of €130m.
People
Roland Egerer, Inna Gehrt and Helmut Fortunato managed the investment for Quadriga Capital.
Advisers
Equity - Booz & Co, Thomas Schlaak, Lars Meckenstock (Market due diligence); PwC, Eric Hummitzsch, Kai Hesselmann, Christian Rafflenbeul (Financial due diligence); PwC, Axel Mielke, Marc-Aurel Hillebrand (Tax due diligence); Pöllath & Partner, Jan Wildberger, Andreas Junius, Veit Konrad, Pia Dorfmüller (Legal); AON, Dieter Borger, Thomas Holle (Insurance due diligence); ERM, Werner Schulte, Gudrun Schwerdtle (Environmental due diligence)
Vendor - DC Advisory Partners, Jeffery Perkins, Moritz von Bodman, Sebastian Steffen (Corporate finance); Shearman & Sterling, Alfred Kossmann, Aliresa Fatemi (Legal)
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater