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M&A Deal Summary

VR Equitypartner and Maxburg Capital Partners Acquire Norafin

On March 18, 2016, private equity firms VR Equitypartner and Maxburg Capital Partners acquired apparel/textiles company Norafin from Pinova Capital

Acquisition Highlights
  • This is VR Equitypartner’s 1st and Maxburg Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is VR Equitypartner’s 23rd and Maxburg Capital Partners’ 3rd transaction in Germany.

M&A Deal Summary
Date 2016-03-18
Target Norafin
Sector Apparel/Textiles
Buyer(s) VR Equitypartner
Maxburg Capital Partners
Sellers(s) Pinova Capital
Deal Type Secondary Buyout

Target

Norafin

Müllheim, Germany
Norafin is a manufacturer of technical textiles and serves various niche markets with high-quality spunlaced and needle-punched nonwovens and composites. Products can be found in infiltration, functional clothing, medical, automotive, and construction industries. Norafin was established in 1980 and is based in Müllheim, Germany.

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Buyer(S) 2

Buyer

VR Equitypartner

Frankfurt, Germany

Investor Investor

Category Private Equity Firm
Founded 1970
PE ASSETS 570M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

VR Equitypartner is a generalist private equity firm that provides equity and mezzanine financing to companies in Germany, Austria, and Switzerland. VR does not have any sector preferences and targets medium sized business with at least €20 million in revenues. VR seeks stable businesses with strong growth prospects and experienced management. For both equity and mezzanine needs, the Firm looks to invest €1.5 to €15 million per transaction. VR was formed in 1970 and based in Frankfurt.

DEAL STATS #
Overall 25 of 52
Sector: Apparel/Textiles M&A 1 of 2
Type: Secondary Buyout M&A Deals 4 of 6
Country: Germany M&A 23 of 49
Year: 2016 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Janz IT AG

Paderborn, Germany

Janz IT AG develops the IT hardware distributors for holistic IT consulting and service house.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-07 N3K

Heilbronn, Germany

N3K is a provider of IP Address Management, Active Directory & Cloud Auditing, and Privileged Access Management. N3K is based in Heilbronn, Germany.

Buy -
Buyer

Maxburg Capital Partners

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maxburg Capital Partners is German private investment group focused on opportunities in German speaking Europe. The Firm looks to commit €10 to €100 million in a variety of transaction situations, including buyouts, growth capital financings, PIPEs, divestitures, take privates, and consolidations. Sector interest includes retail, light manufacturing, IT services, telecom, and media. Maxburg Capital is based in Munich.

DEAL STATS #
Overall 4 of 23
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 4
Country: Germany M&A 3 of 22
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-23 Constantia

Vienna, Austria

Constantia is a producer of flexible packaging solutions for consumer and pharma industries. Constantia is based in Vienna, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-18 Asup

Seevetal, Germany

Asup is a provider of products and solutions for workplace safety and the safe handling of hazardous material. Asup was founded in 1998 and is based in Seevetal, Germany.

Buy -

Seller(S) 1

SELLER

Pinova Capital

Munich, Germany

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PINOVA Capital GmbH is a private equity group focused on investing in growth oriented engineering and service based companies operating in German speaking Europe. Specific areas of interest include automotive and transport, chemicals/materials, environmental technology, industrial products, business services, environmental services, industrial services, and logistics. PINOVA seeks businesses generating €10 to €75 million in sales where the firm can invest €5 to €50 million of equity capital. Prospective companies demonstrate the potential to become market leaders. PINOVA Capital was formed in 2007 and is based in Munich, Germany.

DEAL STATS #
Overall 2 of 15
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 4
Country: Germany M&A 2 of 14
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 Hemoteq AG

Wuerselen, Germany

Hemoteq AG is a developer of innovative coating solutions for combination products like drug eluting stents, as well as coatings for catheters and cochlear implants, and is the market leader for drug-coated balloon catheters.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 Utimaco

Aachen, Germany

Utimaco is a global provider of specialist professional cybersecurity and compliance solutions, offering hardware-based, high-security appliances (hardware security modules) and compliance solutions for telecommunication provider regulations (lawful interception and data retention). Utimaco was founded in 1983 and is headquartered in Aachen, Germany, and has around 170 employees worldwide.

Sell -
Mergr

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