M&A Deal Summary

Cornerstone Investment Management Acquires Ecowipes

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

Acquisition Highlights
  • This is Cornerstone Investment Management’s 1st transaction in the Consumer Products sector.
  • This is Cornerstone Investment Management’s 7th transaction in Poland.

M&A Deal Summary

Date 2023-07-17
Target Ecowipes
Sector Consumer Products
Buyer(s) Cornerstone Investment Management
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 1

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 STATS #
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 in Poland. 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.

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 -