M&A Deal Summary

Jomoo Group Acquires Poggenpohl

On July 10, 2020, Jomoo Group acquired consumer products company Poggenpohl from ADCURAM Group

Acquisition Highlights
  • This is Jomoo Group’s 1st transaction in the Consumer Products sector.
  • This is Jomoo Group’s 1st transaction in Germany.

M&A Deal Summary

Date 2020-07-10
Target Poggenpohl
Sector Consumer Products
Buyer(s) Jomoo Group
Sellers(s) ADCURAM Group
Deal Type Add-on Acquisition

Target

Poggenpohl

Herford, Germany
Poggenpohl is a designer, manufacturer and marketer of kitchen products. Poggenpohl was founded in 1892 and is based in Herford, Germany.

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Buyer(S) 1

Buyer

Jomoo Group

Fujian, China

Category Company
Founded 1990
Sector Consumer Products
DESCRIPTION

Jomoo Group engages in research & development, manufacturing and distribution of bath and kitchen ware, related metal ware, cabinets and furniture. Today, the Group has also expanded its range to include health and living space line of products including water and air filtering systems, wardrobes and lockers in providing a full suite product offering to customers. Jomoo’s philosophy and objective is to improve people’s living quality and experience through continuous product innovation and services. Jomoo Group was founded in 1990 and is based in Fujian, China.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

ADCURAM Group

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 7 of 9
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Germany M&A 6 of 7
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Bayerwald - Fenster Haustüren

Neukirchen v. Wald, Germany

Bayerwald - Fenster Haustüren is a full-service provider of windows, entry doors and sunshade products. The product spectrum ranges from traditional wooden and aluminum windows to state-of-the-art high-tech aluminum entry doors. Bayerwald - Fenster Haustüren was founded in 1920 and is based in Neukirchen v. Wald, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Korte Einrichtungen

Kürten, Germany

Korte Einrichtungen is a shopfitting provider with a focus on bakeries and confectioneries. Korte Einrichtungen was founded in 1997 and is based in Kürten, Germany.

Buy -