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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 Funds have 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
In 2018, Equistone Fund IV sold the majority of its shareholding in E. Winkemann to private equity firm Cathay Capital. Fund IV retained a minority equity stake in the business alongside Cathay Capital and the management team until December 2024, when it was sold to a strategic buyer.
HOLDING PERIOD
May 2012 - Apr 2018
Country
Germany
Sector
Industrials
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.
