PARAGON acquires majority stake in inprotec
Munich / Heitersheim — PARAGON PARTNERS acquires majority stake in inprotec AG to support the company’s future growth
PARAGON PARTNERS acquires a majority stake in inprotec AG from the two shareholders and managers, Dr. Andreas Baranyai and Pierre Schwerdtfeger. The transaction is still subject to approval by the relevant authorities. The two members of the Management Board will continue to hold significant stakes in the company and will remain operationally responsible for the management and further development of the company. PARAGON will support the organic and inorganic growth course of inprotec AG with additional resources.
inprotec AG, based in Heitersheim, Germany, offers its customers many years of expertise as the leading supplier of industrial contract drying and granulation based on spray drying, spray granulation, fluid bed coating as well as matrix encapsulation. As a specialist in this field, inprotec is the contact of choice for the realization of innovative and complex production processes as well as for closing internal capacity gaps. In recent years, the company has worked with more than 2,500 different starting materials and intermediates across industries, serving customers in a wide range of industries (consumer goods, feed, cosmetics, plastic additives).
inprotec AG operates two production facilities in Heitersheim and Genthin and currently employs a total of approximately 240 people. With the support of PARAGON, inprotec AG will consistently continue the growth course of the past years and invest in the development of additional production capacities.
“It is impressive to see how Messrs. Baranyai and Schwerdtfeger have built up and established inprotec AG over the past almost 20 years and developed it into the clear market leader in fluid bed granulation. Today, the company is excellently positioned to grow both organically and through strategic acquisitions,” explains Marco Attolini (photo), Managing Partner at PARAGON PARTNERS.
Shearman & Sterling advised a banking syndicate consisting of Commerzbank, Bremer Kreditbank and ODDO BHF on the financing of the acquisition of a majority stake in inprotec AG by funds advised by Paragon Partners. — The Shearman & Sterling team included Partner Dr. Matthias Weissinger and Transaction Specialist Marina Kieweg (both Germany-Finance).
About PARAGON PARTNERS
PARAGON PARTNERS is a private equity firm specializing in investments in medium-sized companies in Germany, Switzerland and Austria with over EUR 650 million in equity under management. PARAGON invests in established, medium-sized companies with significant operational value enhancement potential in order to sustainably expand the market position of its portfolio companies as an active shareholder. The aim is to enhance the operating performance of the portfolio companies and promote their sustainable growth. PARAGON PARTNERS is based in Munich.
About Shearman & Sterling
Shearman & Sterling is an international law firm with 22 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies.