M&A Deal Summary

HQ Equita Acquires Walsroder Casings

On May 11, 2011, private equity firm HQ Equita acquired machinery company Walsroder Casings from ADCURAM Group AG for 75M EUR

Acquisition Highlights
  • This is HQ Equita’s 5th transaction in the Machinery sector.
  • This is HQ Equita’s 0th largest (disclosed) transaction.
  • This is HQ Equita’s 17th transaction in Germany.
Investment Fate
  • Walsroder Casings was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2011-05-11
Target Walsroder Casings
Sector Machinery
Buyer(s) HQ Equita
Sellers(s) ADCURAM Group AG
Deal Type Secondary Buyout
Deal Value 75M EUR

Target

Walsroder Casings

Walsrode, Germany
Walsroder Casings GmbH is a manufacturer of artificial sausage casings made of cellulose fibre and plastics. Walsroder Casings was founded in 2008 and is based in Walsrode, Germany.

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Buyer(S) 1

Buyer

HQ Equita

Hamburg, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

HQ Equita is a private equity firm that targets minority investments in mid-sized companies in German-speaking countries (primarily Germany, Austria and Switzerland). The Firm focuses on growth-oriented companies undergoing consolidation, with sustainable earnings power, and strong market positions. Equity seeks companies with revenues between €50 and €250 million. Equita is a generalist investor, with no sector preferences. The Fis not limited to specific industries. Equita has no limitation on its investment period, enabling it to invest in companies for the long term. The Firm will support a variety of transactions includes succession/ownership changes, group spin-offs, lead-up to IPOs, MBOs, MBIs, take privates, and growth capital financings. HQ Equita is an arm of family owned Harald Quandt Holding GmbH. HQ Equita was formed in 1992 and is based in Hamburg.


DEAL STATS #
Overall 20 of 30
Sector (Machinery) 5 of 6
Type (Secondary Buyout) 8 of 10
Country (Germany) 17 of 26
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Schock

Regen, Germany

Schock is a manufacturing technology commonly used in the production of quartz composite sinks. The combination of quartz with top-quality acrylic forms a premium compound product that is three times as hard as natural granite and is also superior in terms of many product characteristics to kitchen sinks made from other materials. The Schock range of products comprises sinks for every conceivable kitchen style and taste. Schock was formed in 1924 and is based in Regen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-15 Stettler Sapphire AG

Lyss, Switzerland

Stettler Sapphire AG is a provider of high-quality sapphire glass used by the luxury watch industry as well as in various technical applications in the fields of optics, electronics and medicine. Stettler Sapphire was founded in 1886 and is based in Lyss, Switzerland.

Buy -

Seller(S) 1

SELLER

ADCURAM Group AG

Munich, Germany

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ADCURAM Group AG is an independent investment firm focused on acquiring businesses throughout Europe. ADCURAM seeks to invest up to €30 million in companies with revenues of between €40 and €500 million. The Firm looks to acquire majority positions and will consider a variety of situations, including corporate carve-outs, profitable companies, and businesses in financial crisis. Areas of interest include production, services, and commerce. ADCURAM Group AG was formed in 2003 and is based in Munich.


DEAL STATS #
Overall 2 of 8
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 2 of 5
Country (Germany) 2 of 6
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-23 Citribel

Tienen, Belgium

Citribel is a manufacturer of citric acid. It offers a wide range of citrates that play an important role in the production of numerous foods and beverages. Citribel was founded in 1929 and is based in Tienen, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 DWK Life Sciences

Mainz, Germany

DWK Life Sciences is one of the manufacturers of borosilicate glass, a particularly chemical- and temperature-resistant special-purpose glass that is primarily used for laboratory glass and in chemical engineering and households. DWK Life Sciences was founded in 1887 and is based in Mainz, Germany.

Sell -