GermanCapital has acquired a minority stake in German kitchen manufacturer, ALNO AG via its bidding company Küchen Holding. The strategic investor acquired its 20.6% stake from Commerzbank AG and has now made a voluntary public takeover bid of EUR 7.20 per share to the remaining shareholders in ALNO AG.
Sale of the drive technology unit saw interest from sponsors including CVC, Triton and Brookfield
AUM bump driven by commitments to CapMan Nordic Real Estate III and CapMan Growth II funds
This round is an extension to an €11m series-B investment raised by the company in July 2019
Elevat3 Capital and German energy group EWE also back the green project-financing platform