Motion Equity Partners buys Holweg Weber in SBO

Francesca Veronesi
31 May 2018

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Motion Equity Partners has acquired a substantial majority stake in Holweg Weber, with previous backer Arkéa Capital and management retaining a minority.

The buyout saw Azulis, Unigrains and BNP Paribas Développement exiting their investments.

The fund used for the transaction was Motion III, according to a source close to the situation. The GP restructured its third fund and relaunched it with a different target of €250m focusing purely on the French market. A final close is expected in H2 2018, Unquote understands.

Motion III invests between €20-80m. The enterprise value of companies is generally in the €50-200m range, but can go up to €250m.

Motion Equity Partners will support Holweg Weber in further expanding its product range, with the aim to grow organically and via international acquisitions.

Previous funding
Azulis orchestrated the spin-off of Holweg Weber from DCM Group in 2012, acquiring a majority stake in the business and investing alongside Unigrains and BNP Paribas Développement.

Under Azulis's ownership, the group has widened its offer through two acquisitions in Germany and Spain.

Company
Established in 2012, Holweg Weber manufactures tools used in the production of paper bags, from engineering through manufacturing and after-sales services.

The company is a spin-off from the packaging group DCM and was formed by the merger of Holweg and Weber. Its turnover stood at €50m in 2017, of which 95% was generated outside France. Based in Molsheim, the business employs 180 people.

People
Motion Equity Partners – Cédric Rays (partner).
Holweg Weber – Vincent Schalck, Mike Odom (CEO).
Azulis Capital – Pierre Jourdain (managing partner).