AKT Altmärker Kunststofftechnik GmbH (Germany) - Dec 2007

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01 December 2007

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Equita Management GmbH’s Equita Fonds 2 has sold its minority stake in AKT altmärker Kunststoff- Technik GmbH to the founders and majority shareholder of the company. During the engagement of Equita, the company showed strong organic growth, and increased its turnover from €87m in 2001 to €159m in 2007.

Key strategies to support the company’s growth included a refocusing of the product portfolio from simple plastics components to complex modules with added value, such as special surface treatment. The company’s production plant in Gardelegen as well as the facilities in the Czech Republic and in Spain were expanded and the company invested in machines and technology.

The exit was driven by the offer of the founders to buy the investor’s minority stake as well as by the lifecycle of the investing Equita Fonds 2. The founders and management intend to further expand the company.

AKT manufactures plastics components for the automotive industry. Founded in 1991, the company is headquartered in Gardelegen, Germany, and also has production facilities in the Czech Republic and in Spain. The group employs 1,900 staff and reported a turnover of €159m.

The transaction was led by Dr Michael Hönig and Jan Drewitz for Equita.

Previous funding

AKT was founded in 1991 when the firm’s founders bought its assets out of receivership from the Treuhandanstalt. In 2002, Equita acquired 33.3% of the equity from the company’s owners through Equita Fonds 2 (September 2002, page 25).

Advisers

Equity - Oldenbourg Plus Rechtsanwaelte , Simon Preisenberger (Legal)