Equita acquires majority stake in Rovema Group

Managing partner Thomas Becker will continue to hold a significant stake in the business. Partners Sepp Lachenmaier and Winfried Lay will leave Rovema, but it is understood the company's management team will not change.

Rovema went into administration in 2009 and was thereafter bought by the three aforementioned partners. 

Company
Founded in 1957, Rovema is a producer of packaging machinery and facilities. Based in Fernwald, Germany, it has 12 additional locations worldwide with a total of 450 employees. In 2014, the company had total sales of €70m.

People
Equita was represented by managing director and partner Hans Moock, partner Christine Weiss as well as investment managers Frank Schäfer and Florian Wiemken.

Advisers
Equity – Ernst & Young (Commercial due diligence); Berndt+Partner (Commercial due diligence); Ebner Stolz (Financial due diligence); Watson, Farley & Williams;(Legal, tax); Mesterheide (Insurance due diligence); ERM (Environmental due diligence).
Debt – Mayer Brown (Legal).

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• Topics
• DACH
• Buyouts
• EQUITA Management
• Germany