Frankfurt/Main – Funds advised by Pinova Capital, an independent private equity firm focusing on high-growth SMEs, have acquired Riepe GmbH & Co. KG from the owners, the Riepe family, by way of a management buy-out. The two future Riepe managing directors, Frank Rave and Ulrich Schmidt, have invested in the company alongside Pinova. Based in Bünde (North Rhine-Westphalia), Riepe is a manufacturer and distributor of electronically controlled spraying systems for the woodworking industry, together with the associated chemical products. The global company describes itself as market leader for finish-quality edge banding and holds a wide range of property rights. Further details of the transaction were not disclosed.
A CMS team headed by lead partner Dr Hendrik Hirsch advised Pinova on all transactional aspects of the acquisition and on the investment by management. The PE investor, which has fund assets of over EUR 450 million under management, regularly relies on CMS’s expertise. The team headed by CMS partner Hirsch recently advised Pinova on the acquisition of a majority stake in VTI Ventil Technik GmbH, for example.
CMS Germany
Dr Hendrik Hirsch, Lead Partner, Frankfurt/Main
Maxine Notstain, Senior Associate, Frankfurt/Main
Dr Maximilian Stark, Associate, Frankfurt/Main, all Corporate/M&A
Dr Tobias Polloczek, Partner, Frankfurt/Main
Carina Lencz, Senior Associate, Frankfurt/Main, both Labor, Employment & Pensions
Tina Karakurt, Counsel, Frankfurt/Main, Real Estate & Public
Jörg Schrade, Partner, Munich
Christian Linseisen, Senior Associate, Munich, both Tax
Dr Lisa Stiller, Senior Associate, Frankfurt/Main, Dispute Resolution
Stefan Lehr, Partner, Frankfurt/Main, Competition & EU
Dr Thomas Hirse, Partner, Düsseldorf
Sven Krause, Senior Associate, Düsseldorf
Lisa Dietrich, Associate, Düsseldorf, all IP
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