Bring your vision to life.

Capital with vision

capiton enables small and medium-sized businesses in the DACH region to achieve ambitious goals. Not only do they receive capital from us, they also benefit from our expertise and personal support. We listen carefully, make quick decisions and are accessible, because we know that nothing generates confidence like your own vision in your own hands.

Finance

News

Gemaco Group

capiton acquires a majority stake in the Gemaco Group together with Management

 

Industry: Promotional products and services
Investment opportunity:  Management-Buy-Out

 

The company

Gemaco is a leading provider of full-service merchandising and promotional marketing solutions for global industry and fast-moving consumer goods (FMCG) customers. Gemaco’s service offering allows its clients to outsource all business processes related to promotional merchandising – from trend analysis, design, procurement and logistics to distribution, quality control, IT and cost management.

 

For more than 20 years, Gemaco has been active as the premium supplier of promotional products, sales promotion solutions and fulfillment programs across a wide range of sectors. The Company’s 13 locations make it one of the very few providers able to serve large corporates on a global scale. Gemaco employs around 290 people, of which 110 are based at its headquarters in Mechelen (Belgium), and generated sales of € 90 million in 2016.

 

The transaction

Gemaco is a proprietary transaction which was identified through capiton’s targeted sector approach in the area of “marketing procurement / promotional merchandise” leading to an exclusive sales process.

 

capiton acquires the Gemaco Group together with Management from the family office Saffelberg Investments and will support the further internationalization of the business. Financing of the transaction is provided by capiton’s current investment vehicle, capiton V, and banks.

 

Based on its strong market positioning, capiton and management are planning to grow the business both organically as well as through targeted acquisitions.

 

The transaction remains subject to approval from competition authorities. Buyers and sellers have agreed not to disclose the financial terms of the transaction.

 

capiton was advised in this transaction by CIL (commercial), Ernst & Young (financial, tax), CMS (legal), Tauw (ESG) and Equivatus (industry expert).

Facts & Figures

Foundation

capiton’s predecessor company was founded in the mid-1980s. capiton AG was established in 1999. The firm became an independent company in 2004, following a Management-Buy-Out.

Partnership

capiton is managed by 9 partners and is an owner-managed financial investor.

Track record

The capiton team has supported more than 80 companies, and over 70 investments have been realised. At present, the company manages a fund volume of €1.1 billion.

Investment range

capiton invests in small and medium-sized companies in German-speaking countries. We usually invest between €20 and €60 million of our own funds in profitable companies with turnover between €50 and €300 million. We are also able to execute much larger transactions together with co-investors.

What our portfolio companies say

capiton is familiar with the needs of SMEs, understands them, and acts accordingly.

Josef Raith, Founder
RTS

Companies in our portfolio