Transaction
Quarton has supported Aheim and other shareholders of W.AG exclusively in the sale to a consortium led by funds advised by Kieger AG and with CIC Capital as co-investor.
The sellers wanted to find an investor who could support the independence and international growth of W.AG in the long term. In a competitive selling process, the decision was made in favour of the consortium led by funds advised by Kieger AG and CIC Capital as co-investor. The buyers will bring with them in-depth industry knowledge and an international network and will actively support the management in further growth in Germany and other European countries.
Client
W.AG Funktion + Design GmbH produces and distributes high-quality, innovative plastic cases as individualized packaging solutions “Made in Germany” at its production site and company headquarters in Geisa/Rhön, Thuringia. Founded in 1992, the company today employs 150 people under the management of Mr. Konrad Goldbach. W.AG became known in 1997 with the TEKNO plastic case, which has been sold more than five million times worldwide to date.
With a turnover of around € 18.6 million in 2016, the company produced approx. 2.3 million plastic cases. Thus, W.AG is the German market leader in the segment of customized industrial cases.
Buyer
Kieger AG is an independent wealth and asset manager headquartered in Zurich. In the area of private equity, Kieger advises funds that invest directly in unlisted companies. The main focus of interest is on investments in medium-sized European companies. Kieger and the funds advised by Kieger see themselves as active investors who work closely with management teams and co-investors to create long-term value.
CIC Capital, the international private equity arm of CM-CIC Investissement (the equity financing arm of the Crédit Mutuel CM11 Group), covers the needs of companies in all areas of equity financing. The company’s success is based on a pronounced focus on people, high professionalism, close ties with the management team and long-term support for portfolio companies. CM-CIC Investissement invests its own capital (€2.8 billion) in around 410 portfolio companies.
CM-CIC Investissement has expanded its international activities under the CIC Capital brand from its original base in Canada (Montreal) into Germany (Frankfurt), the USA (New York and Boston), the UK (London) and Switzerland (Geneva and Zurich).
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