M&A Deal Summary

Sekisui Jushi Acquires WEMAS

On December 8, 2023, Sekisui Jushi acquired safety/security company WEMAS from Paragon Partners and GIMV

Acquisition Highlights
  • This is Sekisui Jushi’s 1st transaction in the Safety/Security sector.
  • This is Sekisui Jushi’s 1st transaction in Germany.

M&A Deal Summary

Date 2023-12-08
Target WEMAS
Sector Safety/Security
Buyer(s) Sekisui Jushi
Sellers(s) Paragon Partners
GIMV
Deal Type Add-on Acquisition

Target

WEMAS

Gutersloh, Germany
WEMAS is a manufacturer of products for mobile passive security of construction sites mainly in public road traffic situations. The company supplies both wholesalers as well as roadsafety service providers responsible for the road safety of highway construction sites, infrastructure and construction sites, predominantly in the DACH region and adjacent markets. WEMAS was founded in 1971 and is based in Gutersloh, Germany.

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Buyer(S) 1

Buyer

Sekisui Jushi

Osaka, Japan

Category Company
Founded 1941
Sector Safety/Security
Employees1,609
Revenue 74.2B JPY (2025)
DESCRIPTION

Sekisui Jushi provides various products and services through the application of composite technology. The company offers traffic and sign-related products, including road marking materials, road signs, signs, billboards, soundproof wall materials, traffic safety materials, and electronic system related products. Sekisui Jushi was founded in 1941 and is based in Osaka, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 2

SELLER

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 24 of 26
Sector: Safety/Security M&A 2 of 2
Type: Add-on Acquisition M&A Deals 12 of 14
Country: Germany M&A 20 of 21
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Primed

Halberstadt, Germany

Primed is a provider of high-quality medical consumables and sterilization services. Primed is deeply vertically integrated as a developer, manufacturer, sterilization service provider and distributor. Innovative and certified medical products with a focus on tracheostomy and laryngectomy, wound drainage, thoracic surgery, and stool management systems are manufactured at several production sites in Germany and abroad. Primed’s products are used in hospitals, the home care sector, and other medical facilities in more than 60 countries worldwide. Primed was founded in 1946 and is based in Halberstad, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Condecta

Winterthur, Switzerland

Condecta is a sales and rental provider of modular space systems, cranes/construction equipment, and event infrastructure. Condecta was founded in 1959 and is based in Winterthur, Switzerland.

Sell -
SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 105 of 111
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 53 of 58
Country: Germany M&A 7 of 8
Year: 2023 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Groupe Claire

Paris, France

Groupe Claire designs, manufactures, and supplies flow-control and smart equipment for water distribution networks. Groupe Claire was founded 2001 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Castelein Sealants

Kapellen, Belgium

Castelein Sealants develops, produces and distributes air and watertight sealing products for the facade and window sector. The company produces made-to-measure sealants and delivers them just-in-time, which optimizes the construction process and greatly reduces site waste. Castelein Sealants is based in Kapellen, Belgium.

Buy -