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E. Winkemann

Founded in 1938, E. Winkemann (Winkemann) has grown into a leading manufacturer of precision-stamped metal parts with a global customer base.

Primarily focused on the automotive industry, the Winkemann uses state-of-the-art machines to punch, stamp, form bend and deep draw metal parts to customers’ specification.

VALUE CREATION

Equistone has worked alongside the management team to support Winkemann’s plans to strengthen its market position.

As a result, the business was able to increasingly focus on its core strengths of product quality and process efficiency for high volume applications, particularly for the automotive industry.

During Equistone’s investment period, Winkemann has demonstrated strong growth, having seen revenue increase from c. €66m in 2012 to c. €91m forecast for 2017.

The business has also gained several new partners and customer wins outside of Germany including in North America.

THE EXIT

Equistone sold the majority of its Fund IV shareholding in E. Winkemann to Cathay Capital, a Sino-French private equity firm. Equistone Fund IV will retain a minority equity stake in the business alongside Cathay Capital and the management team.

HOLDING PERIOD

May 2012 - Apr 2018

Country

Germany

Business Description

Industrial Engineering

Revenue Progression

€66m / €91m

Employees at ACQ.

340

Investment Type

Primary MBO

With its expertise in the automobile supplier industry and its wealth of experience in the systematic, long-term development of medium-sized companies, Equistone’s team has supported us in achieving our goals throughout its investment.