Buyout (LBO, MBO, MBI) • Consumer Products

Cornerstone Investment Management and Kartesia Acquire Ecowipes

On July 17, 2023, private equity firm Cornerstone Investment Management and lender Kartesia acquired consumer products company Ecowipes

Acquisition Context
  • This is Cornerstone Investment Management’s 1st and Kartesia’s 3rd transaction in the Consumer Products sector.
  • This is Cornerstone Investment Management’s 7th and Kartesia’s 2nd transaction in Poland.

Explore All 1131 Buyout (LBO, MBO, MBI) Consumer Products Deals - Search the Database Free


M&A Deal Summary

Date July 17, 2023
Target Ecowipes
Sector Consumer Products
Buyer(s) Cornerstone Investment Management
Kartesia
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Ecowipes

Mazowieckie, Poland
Ecowipes is a producer of bio-degradable wet wipes. Ecowipes has a track record of introducing ingenious products and is a pioneer in the field of producing bio-degradable wet wipes made from sustainable natural materials with minimal environmental impact. Ecowipes was formed in 2011 and is based in Mazowieckie, Poland.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

Buyer
DESCRIPTION

Cornerstone Investment Management is a private equity firm focused on acquiring mid-sized companies in Poland and Eastern Europe. The Firm is a generalist investor and looks to back experienced management teams to grow and transform their businesses. Cornerstone Investment Management was formed in 2001 and is headquartered in Warsaw.


Deal Context for Buyer #
Overall 8 of 8
Sector: Consumer Products 1 of 1
Type: Buyout (LBO, MBO, MBI) 2 of 2
Country: Poland 7 of 7
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 LuxVet

Warsaw, Poland

LuxVet is a platform for acquiring veterinary practices. The platform will consist of around 200 veterinary facilities - bringing together the best and most ambitious veterinarians and practice owners. Among the facilities LuxVet Group will also build modern veterinary hospitals of European standards in the largest cities. The platform will focus on developments and bringing new standards of services in clinics, new technology, and give access to capital and modern medical knowledge. LuxVet is based in Warsaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-15 Avenga

Cologne, Germany

Avenga is a global IT platform, offering a full-service business solutions and supporting global organizations in their digital transformation. The Company understands the complexities of modern markets and translates them into real business solutions for pharma & life sciences, insurance, finance, automotive, and real estate. Avenga is based in Cologne, Germany.

Sell -
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 7.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €150 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


Deal Context for Buyer #
Overall 46 of 53
Sector: Consumer Products 3 of 3
Type: Buyout (LBO, MBO, MBI) 17 of 18
Country: Poland 2 of 2
Year: 2023 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Compania del Tropico

Barcelona, Spain

Compania del Tropico is a multi-brand coffee-shop and fast casual dining operator. Compania del Tropico is a network of fully owned premises in the growing and fragmented Spanish food-service market. Compania del Tropico is based in Barcelona, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-27 Cair

Lissieu, France

Cair is a medical device company, that designs, manufactures, and distributes single-use sterile products for hospitals and healthcare professionals, focusing on enhancing patient safety in areas like infusion, chemotherapy, nutrition, and aspiration/ventilation. Cair was founded in 1987 and is based in Lissieu, France.

Buy -