P+P advised the management of RENA Group on sale to Equistone

Funds managed by Equistone Partners Europe Limited ("Equistone") have acquired RENA Technologies GmbH ("RENA"). P+P advised RENA's management on the transaction.

RENA is an equipment manufacturer for wet chemical surface treatments, headquartered in Gütenbach in the Black Forest region of Germany. High-quality production machines are used in medical technology, semiconductor and photovoltaic manufacturing and in glass machining. RENA employs approximately 800 people worldwide and recently realized yearly production of around EUR 120 million.

Equistone is a European private equity investor with six offices in Germany, Switzerland, France and Great Britain. The financial investor specializes in established medium-sized companies with good market positions. Equistone wants to continue to grow RENA by implementing new intelligent solutions and entering new markets.

P+P Pöllath + Partners advised RENA's management on legal and tax matters with the following Munich-based team:

• Dr. Benedikt Hohaus (partner, lead, M&A/private equity)
• Dr. Barbara Koch-Schulte (partner, tax law)
• Dr. Roman Stenzel (counsel, M&A/private equity)