M&A Deal Summary

Paragon Partners Acquires cunova

On June 15, 2021, private equity firm Paragon Partners acquired metals/mining company cunova from KME

Acquisition Highlights
  • This is Paragon Partners’ 1st transaction in the Metals/Mining sector.
  • This is Paragon Partners’ 25th transaction in Germany.

M&A Deal Summary
Date 2021-06-15
Target cunova
Sector Metals/Mining
Buyer(s) Paragon Partners
Sellers(s) KME
Deal Type Divestiture

Target

cunova

Osnabruck, Germany
cunova serves its customers with advanced products and services used in the continuous casting of steel and other metals. It also supplies highly corrosion resistant products for maritime applications and customer specific copper-based products for industrial processes, e.g. to the space and welding industries or for LCD-displays. The products of cunova have a technological edge and stand out because of their highest reliability and long durability. cunova is based in Osnabruck, Germany.

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Buyer(S) 1

Buyer

Paragon Partners

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.

DEAL STATS #
Overall 32 of 33
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 9 of 9
Country (Germany) 25 of 26
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Sovendus

Karlsruhe, Germany

Sovendus is a developer of data-based marketing solutions for shopper activation. Sovendus use digital marketing and couponing to generate increased sales and new customers for partners. Sovendus was founded in 2008 and is based in Karlsruhe, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Goodlive

Berlin, Germany

Goodlive is an independent live entertainment company. Goodlive handles artist bookings, locations, and creative direction as well as event-related services like cashless payment, digital services, and catering. Goodlive is based in Berlin, Germany.

Sell -

Seller(S) 1

SELLER

KME

Osnabrück, Germany
Category Company
Sector Metals/Mining
DESCRIPTION

KME offers innovative product solutions tailored to the respective individual requirements of customers from the most various industrial sectors. KME is divided into two corporate divisions – the copper division (rolled products) and the special division (special products) with a worldwide sales network. The structure of KME into its two divisions provides important prerequisites for concentrating on the different markets for the respective product groups.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2021) 1 of 1
Mergr

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