Equita Management GmbH’s Equita Fonds 2 has sold its minority stake in plastic components manufacturer AKT Altmärker Kunststofftechnik GmbH back to the founding management, which is the majority shareholder of the company. The company is headquartered in Gardelegen, Germany, and also has production facilities in the Czech Republic. The company employs 1,300 staff. During the investor’s engagement, the company showed strong organic growth, and increased its turnover from EUR 87m in 2001 to EUR 159m in 2007.
This is the second deal inked by the GP via Wisequity V, which closed on its €260m hard-cap in July 2019
Pascal Meysson joins from Alcentra and has previous experience at Deutsche Bank and Charterhouse
Mirabaud is reportedly planning to invest via its Living Heritage private equity fund
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine