Johannes hollein four weeks ago, when frankischer tag last inquired with infiana group gmbh about an imminent sale, those responsible were still stonewalling, unwilling to comment concretely on possible takeover negotiations. Nevertheless, it was clear: where there's smoke, there's fire – it was only a matter of time before the film factory in forchheim and the branch in the usa would have a new owner.
Now the competitor has been found: as the listed company deutsche beteiligungs-AG (DBAG), which invested exactly 23.7 million euros in infiana in december 2014 and has a 92.7 percent stake in the company, announced, it is selling its shares to pamplona capital management, a financial investor based in the uk. Corresponding contracts were signed last week. Provided the antitrust authorities approve the transaction, it is expected to be completed within the next three months. The parties to the agreement have agreed not to disclose the purchase price.
The right time
The sale does not come as a surprise, as a look at DBAG's business model makes clear: "the company invests in well-positioned medium-sized companies with development potential. As a partnership-oriented financial investor, we typically accompany our portfolio companies and their development process for four to seven years. We are pursuing the goal of increasing the value of the companies. By terminating the investment at the appropriate time and in a well-coordinated manner, we realize the value enhancement of the portfolio companies. They will then continue their development in a different constellation…", can be read on the DBAG homepage.
Because this was obviously successful, the donors are celebrating a "successful conclusion of the investment". DBAG board member rolf scheffels explains: "infiana is better able to exploit its market opportunities today than it was five years ago. The investments have contributed to this, as has the reorganization of the sales department."
Peter wahsner, chairman of the infiana management board, adds: "we have made enormous progress and are well positioned to continue operating successfully in the future – with efficient and modern production and a leading position in attractive end markets."
Flexible and diverse
Infiana develops and produces special films for the consumer goods market and industrial applications. The high degree of flexibility in production allows for a wide variety of products. The company is benefiting from its innovative strength, for which it has received several awards. Infiana produces at two sites in germany and the USA. The nucleus of the 165-year-old company, which currently employs 800 people, is its german headquarters in forchheim.