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  • Private equity and real estate investment expertise to reside under a single brand
  • Auda, Real Estate Capital Partners and Equita become HQ Capital
  • HQ Capital will become a leading global independent providers of alternative investments with over US$12 billion under management

Frankfurt, September 1, 2015. The HQ Group today announced that it will combine its private equity and real estate businesses under the HQ Capital brand. This move will create a leading global independent alternative investment manager, with currently more than US$12 billion under management in private equity and real estate.

As part of the rebranding, Auda, the private equity firm, and Real Estate Capital Partners, the real estate investment company, will operate under the new HQ Capital brand. Equita, the mid-cap buyout firm, will become a subsidiary of HQ Capital and be renamed HQ Equita.

“We have been investing in alternative assets for over 25 years, which makes us one of the pioneers in our industry,” said Dr. Ernest Boles, Chief Executive Officer of HQ Capital. “Our clients appreciate our experience and stability as well as the entrepreneurial perspective we bring to investing. By combining our resources under a single operating structure, we will create a broader investment program and service platform for our clients, while at the same time generating new growth opportunities for our firm.”

Alongside Dr. Boles, the management team of HQ Capital includes Dr. Georg Wunderlin as Chief Operating Officer, Tim Avery, Chief Financial Officer, and David Pierce, Head of Asia. Together with Karin Shewer, Paul Doocy, Steve Wesson and Chris Lawrence, the management team will form a cross-functional operating committee to oversee the strategic direction of the firm.

The three-member supervisory board of HQ Capital is chaired by Dr. Thomas Jetter, who has more than 30 years of capital market experience. He is also chairman of the supervisory board of Sirona Dental Systems, Inc. The other members of the supervisory board include Gabriele Quandt and Dr. Axel May.

In private equity, HQ Capital provides a full range of investment programs through funds and separate accounts, including primary fund investing, the acquisition of assets on the secondary market and co-investments with primary fund managers. HQ Equita pursues buy-out opportunities in mid-cap enterprises in the German-speaking regions of Europe.

In real estate, HQ Capital invests in existing properties as well as in real estate development projects across the United States. Investments include multifamily residential, office, industrial, retail, hotel and mixed-use properties. Investment strategies range from core and value-add acquisitions to opportunistic joint venture developments.

In both businesses, HQ Capital seeks to leverage its extensive global network to provide clients with the benefit of its investment experience and the relationships of its local teams on the ground in Europe, North America and Asia.

Clients of HQ Capital include institutional investors such as pension funds, insurance companies, sovereign wealth funds, endowments and foundations, as well as family offices and high net worth individuals.

The ROVEMA Group, a leading international provider of packaging machines and lines based in Fernwald, Germany, has gained Equita GmbH & Co. Holding KGaA and Equita GmbH & Co. CoVest KGaA (jointly known as “Equita”), from Bad Homburg, Germany, as a new majority shareholder. Current managing partner Thomas Becker has retained a significant share in the company and will continue to provide the Group with his experienced leadership.

Equita, a private equity company in the Harald Quandt Group, has purchased the ROVEMA Group from its previous partners and will now function as the majority shareholder. The managing partner Thomas Becker, under whose leadership ROVEMA has successfully expanded its international presence and product range since 2010, will continue to hold a significant stake in the company. The other partners, Dr. Sepp Lachenmaier and Dr. Winfried Ley, who have been with ROVEMA since that time, are leaving the company.

With Equita, ROVEMA now has a strong partner that has been one of the leading German financial investors over the past 20 years. “Our investment focus is on high-growth, profitable and internationally active companies with a clear unique selling proposition. This makes ROVEMA an excellent fit for our portfolio. We are looking forward to continuing the ROVEMA success story and supporting the company in its further growth initiatives. Operational business activities remain in the hands of the proven management team,” says Christine Weiss, a partner with Equita.

ROVEMA was formed in 1957 and is firmly established as a global leader in the market for flexible packaging machinery and facilities. The company is regarded as the inventor of the continuous motion vertical form, fill and seal machine and has a high level of expertise with primary packaging in the food industry and related areas. It also offers packaging solutions for chemical and technical products.

Core competencies of ROVEMA include sophisticated powder applications (such as powdered milk, flour and coffee) as well as lumpy and granular products (e.g. pasta and muesli). The company is currently rolling out advanced, high-throughput machines specially developed for packaging frozen foods and snacks. ROVEMA offers individual machines as well as complete package lines including dosing units, cartoning machines and final packaging.

With its broad portfolio of high-quality, state-of-the-art machines, ROVEMA is active in an attractive, high-growth niche segment. The company is ideally positioned to benefit from global trends such as the rising importance of flexible packaging solutions for changeable market trends, a growing share of smaller single-serving packaging and innovative package styles.

At present ROVEMA, with headquarters in Fernwald, Germany, has 450 employees at 13 locations worldwide. With offices in the USA, UK, Italy, Belgium, Spain, Turkey, the Philippines, Panama and Russia, ROVEMA has a global presence. In the 2014 financial year the group had total sales of approximately EUR 70 million.

With this transaction Equita has again demonstrated its wide-ranging experience in the mechanical engineering sector. “ROVEMA is outstanding for its excellent innovative skills, comprehensive knowledge of applications and its expertise and flexibility in the spare parts business,” says Christine Weiss.

Thomas Becker, the managing partner of ROVEMA, made it clear that the choice of Equita as a partner was no accident: “Equita’s business philosophy makes it the perfect partner to support our long-term growth and market development,” he said on the occasion of the ROVEMA ownership handover. “We are delighted to have found a strong partner for ROVEMA in Equita in order to move forward together with the successful development of the company.”

Please direct any questions to the following contacts:

ROVEMA

Michael Koch
Werbekoch
Zum Grenzgraben 28
76698 Ubstadt-Weiher
Tel.: 0 72 51/96 26 10

Equita Management GmbH

Christine Weiss
Partner
Tel.: 06172– 9441-224

In the course of a capital increase, Frank Niedecker, the owner of the Poly-clip System Group in Hattersheim, Germany, has made an investment in the CaseTech Group, which has its headquarters in Bomlitz. CaseTech and Poly-clip are suppliers of the global meat processing industry and expect to achieve substantial synergies through their future cooperation, particularly in sales. The previous sole shareholder, Equita GmbH & Co. Holding KGaA, Bad Homburg, will remain a shareholder of the CaseTech Group with a substantial stake. Operational responsibility will remain with the current management.

Poly-clip is the world’s leading manufacturer of clip closure solutions, and stands for innovation, reliability and safety. The product and services system comprises a wide range of innovative solutions, including clipping machines, packaging machines and automation solutions as well as consumables such as clips and loops. The company supplies the food industry worldwide with clip closure systems used mainly for packing meat and sausage products. With a 50% market share, it is the global leader in terms of sales and technology in its segment.

CaseTech is a global manufacturer of top-quality, state-of the art sausage casings, which it supplies to the meat processing industry and the butcher’s trade. The company specializes in cellulose fibrous casings as well as premium plastic casings. CaseTech sets itself apart with excellent service and expert advice. In addition to the corporate headquarters in Bomlitz, the company operates sites in Legnica (Poland) and Willowbrook (USA). In Legnica it produces plastic sausage casings.

Equita stands for continuity in the long-standing Harald Quandt family tradition of investing in medium-sized companies in the German-speaking countries. Since 1992 Equita has made equity investments totalling €830 million in 30 different companies.

Equita contacts:

Dr. Michael Hönig
Senior Partner | Managing Director
Tel. +49 (89) 255 476 34

Christine Weiss
Partner
Tel. +49 (6172) 9441-224

In order to optimally leverage market opportunities in the OTC (non-prescription) drug segment, WindStar Medical Group, Wehrheim/Taunus, a leading German producer of health care products for drugstores and other retailers, has gained the investment firm Equita GmbH & Co. Holding KGaA and Equita GmbH & Co. CoVest KGaA (jointly referred to as “Equita”), Bad Homburg, as its new majority shareholder. The purchase agreement was signed on 24 November 2014, with the official transfer of ownership scheduled for 15 December 2014. The company will continue to operate under the current name WindStar Medical Group, with the existing management team and staff.

Change in ownership structure

Equita will function as the majority shareholder in the future. Both WindStar founders, Wilfried Eichhorn and Dr. Thomas Kleine, will retain a significant stake in the company. In addition, they will continue to hold their Supervisory Board appointments and perform their advisory functions. The long-standing shareholders Ralph Ziegelmeier and Lars Knobloch will leave the company.

Continuation of the forward-looking business model

WindStar Group has gained a leading position in the health care market in recent years as a fast-growing provider of non-prescription health products mainly sold in non-pharmacy outlets. The group seeks to benefit from the trend towards self-medication and serves consumers looking for well-priced products in drugstores and other retail stores.

Its key areas of expertise are scientific marketing, product development, quality and approval management (regulatory affairs), market research, customer service, design development and sales. This differentiates the group from its competitors.

“The group’s unique and comprehensive product range, covering all aspects of health care, is what makes it effective,” says Wilfried Eichhorn, who laid the cornerstone for today’s WindStar with the establishment of ProMarCon in 1993. “Other defining characteristics of WindStar are its innovation skills, competence in the new product development, and the ability to redesign products originally offered in the prescription drug market (i.e. pharmacies) to make them freely available in the mass-market at reasonable prices.”

“We do not believe that any other supplier in Germany is similarly well-positioned at present as a provider of affordable and effective non-prescription health care products for consumers,” says Dr. Hansjörg Schnabel, a managing director with Equita.

Expanding the product range beyond Germany’s borders

WindStar develops private label products in close cooperation with customers in the retail, discount and drugstore segments, advises its customers on their product ranges and, on request, delivers its full range of services. With this full-service approach, the company is unique in Germany. In addition, the group offers its own brands such as SOS, Well&Slim and Green Doc. These brands have also been successfully established in the German market and have substantially contributed to the group’s strong growth.

In recent years, WindStar has undertaken successful efforts to expand its business beyond Germany’s borders. These activities will be intensified over the coming years with the support of Equita.

WindStar Medical is a leading provider of non-prescription health-care products – both private label and branded products (SOS, GreenDoc, Well & Slim) – in the German market. More than 300 different articles from the WindStar Medical Group are on the health-care shelves of retailers in Germany. The group consists of the marketing company Promarcon (marketing and consulting), the service providers Claricon (consumer service and market research), Brand Scout (branding and consulting) and PureArt (packaging design and communication), the online shop Good Vita and the sales units Districon, Dr. Kleine Pharma and Vitalia. WindStar has a growing workforce, now numbering about 100 employees, at its German offices in Wehrheim/Taunus, Bielefeld and Würzburg.

Headquartered in Bad Homburg, Germany, Equita stands for continuity in the long-standing Harald Quandt family tradition of making entrepreneurial investments in medium-sized companies in the German-speaking markets. Investment targets must show solid financial structures, a strong market position with evident growth potential and a management team that is willing and able to achieve that potential. Since 1992 Equita has managed equity commitments with a total of € 830 million and has acquired stakes in 30 companies. Equita presently is investing through Equita Holding and Equita CoVest having a combined committed capital of € 450 million. The current portfolio comprises 9 companies. For more information visit: www.equita.de

Equita contacts:

Dr. Hansjörg Schnabel
Partner | Managing Director
Tel. +49 (6172) 9441 – 229

Jan C. Drewitz
Partner
Tel. +49 (6172) 9441 – 226

Equita today announces the sale of Transnorm Beteiligungen GmbH (“Transnorm” or the “Company”), a global market leader for high performance conveying modules and components that are used in diverse end markets such as the parcel, distribution/e-commerce and airports industries, to IK Investment Partners (“IK”) via its IK VII Fund. Financial terms of the transaction are not disclosed.

Founded in 1957, Transnorm manufactures high performance conveying components that are integral to many highly sophisticated automated systems and generates sales of EUR 62 million in 2014. Historically best known for its belt curves, Transnorm’s various products are now used in many high-speed distribution systems, parcel centers and in airport baggage handling systems across the globe. The Transnorm Group covers one of the most attractive segments of the automated logistics value chain, benefiting from long-term global growth trends such as e-commerce. Headquartered in Harsum, Germany, the Group has additional overseas manufacturing entities in Arlington (Texas, USA) as well as in Kluang (Malaysia). IK VII Fund is acquiring the Company from Equita Holding, which is managed by Equita Management GmbH and has been the majority shareholder since June 2007.

“During the past 7 years we have been very pleased to support the successful development of Transnorm’s growth along with the broadening of the international footprint and the diversification of the product portfolio. We are convinced that IK will be an ideal partner to support Transnorm’s future development,” says Jan Drewitz, Partner at Equita.

“Transnorm is a global market leader in an attractive and growing niche, offering a broad portfolio of high-end mission-critical products. The Company is ideally positioned to further benefit from global mega-trends such as the increasing importance of e-commerce and intra-logistics as well as rising global air traffic. Transnorm has an established global footprint with entities in the US, Malaysia, China and the UK and we are now enthusiastic to support Transnorm’s management team to further drive the international expansion,” says Anders Petersson, Partner at IK and advisor to the IK VII Fund.

“We thank Equita for their strong support over the last years and we are excited to start this new chapter in Transnorm’s long history. IK is the ideal partner for us as we continue to drive our Company’s development with its broad expertise in global markets. We look forward to continuing this path through further strengthening the Company’s position internationally, as well as driving product innovations to enter exciting new applications,” says the Global Management Team of Transnorm consisting of Georg A. Waldmüller, Sidy Diop and Gary Cline.
Completion of the transaction is subject to regulatory approvals.

For enquiries, please contact:

Equita Management GmbH

Jan C. Drewitz
Partner
Phone: +49 6172 9441-226

IK Investment Partners

Anders Petersson
Partner
Phone: +49 40 369 885-0

Charlotte Laveson
Communications Director
charlotte.laveson@ikinvest.com
Phone: +44 207 3047136

Transnorm

Georg A. Waldmüller, Managing Director, Global Management Board
Sidy Diop, Managing Director, Global Management Board
Gary Cline, Managing Director, Global Management Board
Phone: +49 5127 402-111

About Transnorm
Transnorm is a global leader in high-performance modules for distribution, parcel and airport baggage conveying systems. Our products are also installed by many well-known, global, end users in a wide variety of industries. Transnorm is the global market leader in conveyor belt curve engineering and manufacturing. The Company has a global footprint for engineering, manufacturing, and customer support.   Customers can be sure of reliable support wherever they are. For more information visit:  www.transnorm.com

About Equita
Equita stands for continuity in the long-standing Harald Quandt family tradition of making entrepreneurial investments in medium-sized companies in the German-speaking markets. Since 1992 Equita has managed equity commitments with a total of €830 million and has acquired stakes in 29 companies. Equita presently is investing through Equita Holding and Equita CoVest having a combined committed capital of €450 million. The current portfolio comprises 9 companies. For more information visit: www.equita.de

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK Funds have raised more than €7 billion of capital and invested in over 85 European companies. IK Funds invest together with management teams in mid-sized companies that have strong improvement potential, operating in the business services, care, industrial goods and consumer goods sectors. The current portfolio comprises 19 companies. For more information visit: www.ikinvest.com

Funds advised by Equistone Partners Europe Limited (“Equistone”) have acquired a majority stake in Karl Eugen Fischer GmbH (“KEF”, “the Company”), a leading manufacturer of cutting systems for the tyre industry. The shares in the Company were purchased from Equita GmbH & Co. Holding KGaA (“EQUITA”). Following the transaction, Equistone and the KEF management team will hold all of the Company’s shares. This investment is predominantly aimed at stabilising the Company’s existing customer base as well as gaining new customers in the tyre industry. In addition, KEF will focus on further improving and broadening machine functionality and the automated production of its cutting systems. The transaction remains subject to approval by the relevant competition authorities and the deal value is undisclosed.

The Karl Eugen Fischer Company was founded in 1940 in Burgkunstadt, in Upper Franconia. The Company’s headquarters and sole manufacturing site have been located there ever since. In the mid-1970s, KEF developed the first cord cutting system for the tyre industry, and in doing so laid the foundation for further international expansion. KEF produces cutting machines which assemble plies and breakers giving the tyre shape and providing stability when driving. Today, the Company has more than 450 employees and annual sales of around €76m (2012). The Company supplies almost all well-known tyre manufacturers worldwide, especially in emerging countries such as China. As well as its operations in the tyre industry, KEF also provides the metalworking industry with sheet metal processing machines.

Peter Hammermann, Senior Partner at Equistone Partners Europe, commented: “With this investment in KEF we have succeeded in acquiring a medium-sized German company which we view as a “Hidden Champion”. With a market share of almost 70 percent, Karl Eugen Fischer is the world’s leading supplier of high-quality and market-specific cutting systems, and is already active in its relevant growth markets. Working with the existing management team, we will capitalise on the Company’s existing potential and help the business to continue to pursue its current expansion strategy.”

Simone Thies, Commercial Manager at Karl Eugen Fischer, explains: “In the past, our primary focus has been the sale of new machines; however, the maintenance and repair side of the business is becoming increasingly important to our customers. As a result we will work with Equistone to promote our servicing business, as well as stabilising and expanding our current market position, with the aim of strengthening customer loyalty. We are looking forward to working with Equistone going forwards.”

EQUITA purchased KEF in 2008. Since EQUITA’s investment in the Company, KEF has increased its international footprint, notably with the creation of a new subsidiary in China. EQUITA also provided support during a change in the Company’s management team. With this transaction, EQUITA has been able to double the amount of capital invested in KEF over the five-year investment period.

Dr. Peter Hammermann, Dr. Marc Arens, and Leander Heyken led the transaction for Equistone.

Equistone was advised on the deal by Ashurst (Legal and LDD), Ernst & Young (FDD, TDD, and structure), N+1 (Debt Advisor), and AMR International (CDD).

Dr. Michael Hönig, Dr. Hansjörg Schnabel, and Christine Weiss led the transaction for EQUITA.

EQUITA was advised by Robert W. Baird (M&A) and Watson, Farley & Williams (Legal) on the deal.

Ends

Notes to Editors:

About EQUITA
EQUITA is an independent private equity company unaffiliated to banks. From its headquarters in Bad Homburg, EQUITA invests in medium-sized companies in the Germanspeaking markets through funds managed exclusively in-house. EQUITA, which emerged from the long-standing entrepreneurial tradition of the Harald Quandt family, generally acquires a majority stake in companies which offer the potential for high growth and appreciation of investment. Investments are currently being made from Equita GmbH & Co. Holding KGaA, which closed in spring 2007 with capital commitments of €315m, and Equita GmbH & Co. Covest KGaA, which closed in autumn 2012 with capital commitments of €135m. With no fixed time frames, EQUITA is able to also pursue long-term investments. In total, EQUITA currently supports ten portfolio companies. Since 1992, EQUITA has invested in 29 companies, 19 of which have since been sold. For further information, please visit www.equita.de.

About Equistone Partners Europe Limited
Equistone Partners Europe Limited is an independent investment firm owned and managed by the former executives of Barclays Private Equity. In January 2013, it successfully completed the final closing of Equistone Partners Europe Fund IV with total capital commitments of €1.5bn. The Company is one of Europe’s leading investors in mid-market buyouts with a successful track record spanning over 30 years, with more than 350 transactions completed in this period. EPEF IV has a strong focus on change of ownership deals and aims to invest between €25m and €125m of equity in businesses with enterprise values of between €50m and €300m. The Company has a team of 33 investment professionals operating across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams. Equistone Partners Europe Limited is authorised and regulated by the Financial Conduct Authority. For further information, please visit www.equistonepe.com

For more information please contact:

Equistone Partners Europe

College Hill (UK media enquiries) +44 (0)207 457 2020
Antonia Coad
Zinka Bozovic

Margret Riedlsperger
Ira Wülfing Kommunikation GmbH
+49. 89. 2000 30-39
margret.riedlsperger@wuelfingkommunikation.de

Equita Management GmbH

Dr. Michael Hönig
+49-6172 9441-0
michael.hoenig@equita.de

Dr. Hansjörg Schnabel
+49-6172 9441-0
hansjoerg.schnabel@equita.de

Within the context of a succession arrangement, Equita GmbH & Co. Holding KGaA and Equita GmbH & Co. CoVest KGaA have acquired the majority of shares in MEN Mikro Elektronik GmbH along with its subsidiaries in France and the US. The transaction involved a significant re-investment of Manfred Schmitz, CEO and co-founder of the company. With closing of the transaction on 30th of April 2013, the further founding members Udo Fuchs and Werner Witt resigned from their operational duties and will retain advisory functions. Further management, which also participated in the acquisition, remains unchanged.

For over 30 years, MEN Mikro Elektronik has designed and manufactured failure-safe computer boards and systems for safety-critical applications and extreme environmental conditions, in which the components are subject to shock, humidity, dust and extreme temperature variations. With more than 250 employees, MEN supplies computers for control, measurement, testing and simulation functions for all kinds of embedded systems worldwide. This includes mobile and stationary applications in the focus markets railway technology, commercial vehicles (buses, trucks, etc.), agricultural and construction machines and civil avionics as well as further mission-critical applications for automation, power and energy, mining, shipbuilding and medical engineering.

Hans Moock, Managing Director of Equita, sees MEN in a leading role in the company’s markets and underlines the growth potential of the company: “It’s our main goal to further expand operations in Nuremberg as well as to further develop the subsidiaries in France and especially the US to even better utilize existing opportunities and to continue satisfying customers’ needs in our international markets.”

“In Equita, we have found a partner who not only secures the autonomy of our company, which was founded in 1982, but who will also support our successful growth process on a long-term basis. In general, our business structure will remain unchanged. We will continue serving and expanding our product range for our target markets transportation and industry based on our core competencies and high-quality controls,” stated Manfred Schmitz, who will be sole CEO after the transaction, in confirming the future direction of MEN Mikro Elektronik.

More information on MEN Mikro Elektronik GmbH is available under www.menmicro.com.

Equita is an independent industrial holding company with no bank affiliations. Its headquarters are in Bad Homburg, Germany, and the company invests in successful medium-sized companies in Germany, Austria and Switzerland. Prerequisites for an investment are sound financial structures, a strong market position with a clear growth potential as well as a management that is willing and able to leverage this potential. Equita goes back to the business tradition of the Harald Quandt family and supports internal and external growth of its associated companies.

More information is available under www.equita.de

Contacts for this press release:

Hans J. Moock
Telefon: +49-6172 9441-0
E-Mail: hans.moock@equita.de

Jan C. Drewitz
Telefon: +49-6172 9441-226
E-Mail: jan.drewitz@equita.de

After a six-year holding period, Equita Holding has sold its stake in the Barat Ceramics Group (“Barat”). The buyers are Steadfast Capital Fund III, L.P., which is administered by Steadfast Capital GmbH, and the Barat Ceramics management team. The transaction was completed today. The parties have agreed not to disclose the purchase price.

Barat Ceramics (www.barat-ceramics.com) develops, manufactures and distributes a wide range of technical ceramic products. The company’s oxide ceramic products are used as high-performance materials for diverse applications in many different industries. Major sales markets are medical technology, plant engineering and mechanical engineering, measurement and control technology as well as ballistics. With headquarters in Auma, in the German state of Thuringia, the company achieved sales of € 18 million in 2011 with a total of 195 employees.

EQUITA acquired Barat Ceramics in 2006 as a non-core business from the US-based Boart Longyear Group. With the support of EQUITA, Barat Ceramics successfully expanded its business as of 2006. It was able to reinforce its position as a leading high-quality niche supplier for small and medium lot sizes, broaden its customer base in the course of building up its international presence and substantially boost its earning power.
Through the sale of its stake in Barat, EQUITA increased its invested capital approximately tenfold over the six-year holding period.

Headquartered in Bad Homburg, Germany, EQUITA (www.equita.de) is an independent private equity company with no affiliations to banks. It acquires interests in midsized enterprises in the German-speaking countries through investment companies under its exclusive management. EQUITA, which is the product of the entrepreneurial tradition of the Harald Quandt family, invests primarily in majority stakes in companies offering significant potential for growth and gains in value. Current investments are being made by the holding company Equita GmbH & Co. Holding KGaA, which was closed in the spring of 2007 at a volume of EUR 315 million  and, in parallel, by Equita GmbH & Co. Covest KGaA, which was closed in the autumn of 2012 at a volume of EUR 135 million. These investment funds have an indefinite term, thus permitting acquisitions with a longer-term investment horizon. EQUITA currently manages nine portfolio companies. Since 1992 these funds have invested in 28 companies and disposed of 19 of those investments. For more information, see the EQUITA website at www.equita.de.

For more information:

Equita Management GmbH

Dr. Michael Hönig
Telefon: +49-6172 9441-0
E-Mail: michael.hoenig@equita.de

Hans J. Moock
Telefon: +49-6172 9441-225
E-Mail: hans.moock@equita.de

Jan C. Drewitz
Telefon: +49-6172 9441-226
E-Mail: jan.drewitz@equita.de

Equita Management GmbH has successfully closed the fund-raising of Equita GmbH & Co. CoVest KGaA on September, 30th 2012. The final subscription volume of Equita CoVest amounts to € 135 Mio. Already existing and new limited liability shareholders have thereby confirmed their trust in the Equita team and thus significantly reinforced the financial strength of Equita as a long-term partner in mid-sized companies within the D-A-CH region.

 

Equita Management GmbH (“Equita”), an investment holding company within the Harald Quandt group of companies, is currently placing Equita CoVest KGaA (“Equita CoVest”) with its current investors as well as potential new investors. In the future, Equita CoVest and Equita Holding KGaA, which has been operating since 2005, will jointly invest with a set ratio in high-growth mid-sized companies in the DACH region. In a first round of fundraising, the current investors of Equita Holding have made commitments totalling € 115 million, thus increasing the investment capital available to Equita from € 315 million to approximately € 430 million. Until the end of September 2012, new investors will now have the opportunity to invest in Equita CoVest as limited shareholders. The target volume of Equita CoVest has been initially limited to € 150 million, but may be increased to a hard cap of € 200 million. Equita’s shareholders regularly have the opportunity to acquire shares of portfolio companies by way of co-investments.