Munich/Gütenbach, 21 February 2019 –Funds advised byEquistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity firms, have acquired a majority interest in the RENA group(“RENA” or “the company”) from funds advised by Capvis AG. The company, which is based in Gütenbachin the Black Forest, Germany,manufactures technologically high-quality machineryfor wet-chemical surface treatmentsand employs around 800 people worldwide.RENA’s management team and the CEO, Peter Schneidewind, will become shareholders in the company following its change in ownership, demonstrating their long-term commitment to the business. The financial terms of the deal are undisclosed and the acquisition remains subject to clearance from the relevant competition authorities.
