Janoschka Family and SüdBG Sell to Blue Cap

Kippenheim/Stuttgart/Cologne – Blue Cap AG has signed a purchase agree­ment to acquire all shares in Janoschka AG. In connec­tion with the tran­sac­tion, GÖRG advi­sed Blue Cap on the syndi­ca­ted finan­cing. The sellers are members of the Janoschka family and Süd Betei­li­gun­gen GmbH of Stutt­gart. Janoschka is an inter­na­tio­nally active provi­der of inte­gra­ted prepress solu­ti­ons for the pack­a­ging industry. 

Janoschka AG, head­quar­te­red in Kippen­heim, Baden-Würt­­te­m­­berg, employs appro­xi­m­ately 1,500 people and opera­tes produc­tion faci­li­ties in twelve count­ries. The group compri­ses two units: Janoschka is respon­si­ble for graphic repro­duc­tion and the manu­fac­ture of prin­ting and embos­sing tools, while Linked2Brands opera­tes as a preme­dia produc­tion agency and provi­des support for pack­a­ging design and prepa­ra­tion. Toge­ther, the two units cover key steps in the prepress value chain for the pack­a­ging indus­try. Its custo­mers include, in parti­cu­lar, pack­a­ging manu­fac­tu­r­ers and brand owners in the FMCG sector. In fiscal year 2025, the company gene­ra­ted reve­nue of appro­xi­m­ately 90 million euros. 

From Blue Cap’s perspec­tive, Janoschka has an inter­na­tio­nal foot­print, a robust busi­ness model, and further poten­tial for growth. Key areas for this include auto­ma­tion, effi­ci­ency gains across the global produc­tion network, and grea­ter value capture. 

Foun­ded in 1976 by Manfred Janoschka, Janoschka is now conside­red the market leader in the inter­na­tio­nal prepress indus­try. SüdBG joined the company in 2017 as part of a capi­tal increase to finance the Janoschka Group’s inter­na­tio­nal growth and a simul­ta­neous manage­ment buyout, and, toge­ther with the foun­ding family and the super­vi­sory board, supported manage­ment in imple­men­ting its targe­ted growth stra­tegy. This included auto­ma­ting produc­tion and incre­asing the level of digi­tiza­tion throug­hout the value chain. In addi­tion, the inter­na­tio­nal produc­tion sites in Asia—particularly in Malay­sia, Viet­nam, and the Philippines—as well as in Turkey, Poland, and Mexico, were expan­ded to offer custo­mers world­wide compre­hen­sive tech­ni­cal exper­tise, inno­va­tions, solu­ti­ons, and services for gravure and flexo­gra­phic printing. 

During its part­ner­ship with SüdBG, Janoschka has expan­ded and broa­dened its service port­fo­lio. Janoschka now employs appro­xi­m­ately 1,500 people and gene­ra­tes reve­nue of over 90 million euros. 

The part­ners have agreed not to disc­lose the details.

Under the leader­ship of Part­ner Dr. Thomas Lange, GÖRG provi­ded compre­hen­sive advice to Blue Cap AG on the restruc­tu­ring of Janoschka AG’s syndi­ca­ted financing.

Advi­sors to Blue Cap AG: GÖRG Part­ner­ship of Attor­neys mbB

Dr. Thomas Lange (Lead Coun­sel, Part­ner, Finance, Colo­gne), Eva Geue­nich (Senior Asso­ciate, Finance, Colo­gne), Jannik Gese­kus (Asso­ciate, Finance, Cologne).

Advi­sor SüdBG:

M&A: IMAP M&A Consul­tants AG (Henning Graw, Chris­toph Gluschke, Phil­ipp Crocoll, Alex­an­der Köhler, Levin Kieselhorst)

Legal: Orrick, Herring­ton & Sutcliffe LLP (Dr. Chris­toph Bren­ner, Stefan Riedl, Maria Teodorescu)

About Süd Betei­li­gun­gen GmbH (SüdBG)

SüdBG is a wholly owned subsi­diary of Landes­bank Baden-Würt­­te­m­­berg (LBBW) and has been support­ing small and medium-sized enter­pri­ses for more than 50 years with custo­mi­zed equity and quasi-equity solu­ti­ons in the context of succes­sion plan­ning, growth finan­cing, and chan­ges in ownership.
As one of the leading private equity firms in the German-spea­king world and a long-term inves­tor, SüdBG has supported over 70 compa­nies over the past 10 years with appro­xi­m­ately 600 million euros and a broad network to foster sustainable corpo­rate development.
For more infor­ma­tion, visit www.suedbg.de.