P+P advises Equistone on sale of shares in E. Winkemann GmbH
Funds managed by Equistone Partners Europe ("Equistone") sold shares in automotive supplier E. Winkemann GmbH. The majority of shares were acquired by the Cathay Capital MidCap Fund, managed by Cathay Capital Private Equity. Equistone and the managing partners of E. Winkemann remain invested.
The purchase price and other details of the transaction are not disclosed and the sale is subject to approval by the relevant antitrust authorities.
Equistone acquired shares in the company in May 2012. Since then, turnover has increased from approximately EUR 66 million in 2012 to around EUR 91 million in 2017. Last year alone, there was growth of more than ten percent.
Since its foundation in 1938, the long-established company has developed into one of the most important and productive manufacturers of precision stamped metal parts. At the location in Plettenberg (NRW) there are now approximately 380 employees. E. Winkemann GmbH offers a comprehensive range of services from product development up to series production and primarily supplies well-known German and international automotive suppliers and manufacturers worldwide.
Equistone Partners Europe is one of the leading European equity investors with a team of more than 35 investment specialists in six offices in Germany, Switzerland, France and the United Kingdom. Equistone invests in particular in established medium-sized companies. The portfolio currently comprises more than 40 companies throughout Europe, including approximately 20 active participations in Germany, Switzerland and the Netherlands.
P+P Pöllath + Partners advised Equistone on all legal and tax matters with the following team:
- Dr. Ralf Bergjan (partner, lead, M&A/PE/corporate, Munich)
- Dr. Nico Fischer (partner, tax law, Munich)
- Dr. Jens Linde (associated partner, finance, Frankfurt)
- Daniel Wiedmann (counsel, competition law, Frankfurt)
- Andrea Beilborn (associate, M&A/PE, Munich)
- Christoph Beigel (associate, tax law, Munich)
