May 5, 2010

Acquisition of ISOLITE Holding GmbH

Equita GmbH & Co. Holding KGaA has acquired ISOLITE Holding GmbH with headquarters in Ludwigshafen, Germany in a transaction involving the ISOLITE Group management team. The company’s previous principal shareholder and long-standing managing director jointly purchased the company in 2005 with CornerstoneCapital AG in a management buyout.

ISOLITE Holding GmbH with its subsidiaries G+H ISOLITE GmbH and G+H ISOLITE Automotive GmbH is a leading supplier of high-temperature insulation systems for the aviation industry and continuous-flow systems, the automotive industry and large engine manufacturing. In 2009 the ISOLITE Group had sales of approximately EUR 24 million with a workforce of 140 employees. It has two locations in Ludwigshafen and coordinates its international business activities from there. EQUITA will work alongside the management team to continue the company’s growth, relying on the know-how accumulated by the ISOLITE Group and its employees over many years.

Background
Headquartered in Bad Homburg, Germany, EQUITA is an independent private equity company with no affiliations to banks. It invests through its managed holding companies in midsized enterprises in the German-speaking countries. EQUITA, which evolved from 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. As an investment holding it has an indefinite term, thus permitting acquisitions with a longer-term investment horizon. Since 1992 EQUITA has invested in 25 companies through three different funds and disposed of 17 of those investments. For more information, see the EQUITA website at www.equita.de.

CornerstoneCapital is a sought-after partner for management buyouts and capital to foster the development of growth-oriented mid-sized companies. Its investment activities are focused on technology-driven companies domiciled in Germany, Switzerland and Austria. CornerstoneCapital has so far invested in more than 15 companies and has successfully sold more than eight companies. Since 2008 CornerstoneCapital has been investing through its second fund, CornerstoneCapital II AG & Co. KG. For more information, see www.cornerstonecapital.de

For more information:

Equita Management GmbH

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

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