Munich/Gütenbach, 21 February 2019 – Funds advised by Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity firms, have acquired a majority interest in the RENA group (“RENA” or “the company”) from funds advised by Capvis AG. The company, which is based in Gütenbach in the Black Forest, Germany, manufactures technologically high-quality machinery for wet-chemical surface treatments and employs around 800 people worldwide. RENA’s management team and the CEO, Peter Schneidewind, will become shareholders in the company following its change in ownership, demonstrating their long-term commitment to the business. The financial terms of the deal are undisclosed and the acquisition remains subject to clearance from the relevant competition authorities.
Founded in 1993, RENA is one of the world’s leading manufacturers of wet chemical surface treatment technology and machinery. As a global player, RENA provides high-tech solutions to clients in the semiconductor, medtech, green energy, and glass & sapphire sectors. The company has a strong international presence, with three production and R&D facilities in Germany and Poland, as well as sales and service locations across both Asia, including China and Singapore, and North America. RENA generates an annual output of over €120 million.
Together with Equistone, RENA intends to continue its growth in the segments in which it is already present and expand its technological leadership in adjacent markets. The strength of the company’s research and development position will be a key factor in achieving this. In addition, whilst strengthening RENA’s partnerships with its existing customers, the company will also seek to develop new customer relationships for its innovative, high-quality machinery and technology.
