GERMANY - EQUITA exits AKT Altmärker Kunststofftechnik
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.
More on Exits
Kester-backed Frontier sells business to HIG-backed Vernacare
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine
GCP sells Chaucer to Apax-backed Bip
With this add-on, Bip expects to create a global advisory company with 3,300 staff and revenues of €350m
Mercia sells NAC to PE-backed LGC for £18m
Mercia held a 29.4% stake in NAC at the date of sale and will receive initial cash proceeds of £4.8m
Resource Partners sells Golpasz to trade
PE firm Resource Partners has been a majority shareholder of Golpasz since 2015
Latest News
Wise buys tires specialist Vittoria
This is the second deal inked by the GP via Wisequity V, which closed on its €260m hard-cap in July 2019
HIG hires Meysson as head of European direct lending
Pascal Meysson joins from Alcentra and has previous experience at Deutsche Bank and Charterhouse
Mirabaud buys luxury shoe brand Clergerie – report
Mirabaud is reportedly planning to invest via its Living Heritage private equity fund
Kester-backed Frontier sells business to HIG-backed Vernacare
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine