Perusa Fund acquires majority stake in Schuberth Group
Munich / Magdeburg – Perusa Partners Fund 2, LP has acquired a majority of the economic interest in Schuberth Holding GmbH and its subsidiaries (Schuberth Group). Schuberth (www.schuberth.com), a leader in head protection technology for motorsports and professional applications, is primarily located in Magdeburg. The former owner, an affiliate of Susquehanna International Group, LLP (www.sig.com) of Bala Cynwyd, PA, USA, retains a minority stake in Schuberth.
Perusa was advised by Ernst & Young and Norton Rose Fulbright regarding the transaction.
Schuberth is perfectly suited for the Perusa portfolio approach
„Schuberth is a technologically strong company with a long history in head protection,” explains Dr. Hanno Schmidt-Gothan, Managing Director of Perusa GmbH, adviser to the Perusa funds. “We believe that the Perusa approach of active involvement in the growth and development of portfolio companies will benefit Schuberth in every way – from internationalization and innovation to productivity improvements and financing structure.”
Jan Becker, Managing Director of parent company Schuberth Protection Products & Solutions GmbH, adds: “Schuberth has come a long way in the last years through efforts initiated by management and supported by the former majority owner. However, there is still a lot of potential in the company and its brand, which we are striving to unlock in the years to come. We are looking forward to the challenges to create value for the firm, its staff, and its shareholders.” Michael Mack, Investment Director of Perusa GmbH, confirms: “As a German brand and with its high quality standards, Schuberth is ideally positioned to satisfy the customer’s need for personal protection equipment that increases with rising economic wealth, i.e. in emerging countries.”
Since 1922, Schuberth has been offering solutions in head protection, notably in Formula 1-racing, motorcycles, fire-fighting, industrial safety, police, and military helmets.
Perusa Partners (www.perusafund.gg) is a leading investor with a focus on special situations and buy-and-build strategies in the mid-market.
Perusa is an independent capital holding company, which currently has two funds with 350 million euro equity investing in medium-sized companies and Group divisions in the German or Scandinavian area. Perusa is pursuing a strong operational approach to increase the efficiency and thus the long-term value as well as the potential of the portfolio companies. Strategic acquisitions (buy and build strategy) are also striving to strengthen the growth of the portfolio companies.
Dr. Hanno Schmidt-Gothan
Telefon: +49 89 2388789-0
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