Perusa Partners Fund II has completed a majority investment in Senator GmbH & Co KGaA.
Senator, headquartered in Gross-Bieberau, had been owned by Merz-Pharma-Group since 1920.
In the previous financial year 2014/15 Senator generated nearly EUR50 million sales. The company currently employs around 350 people worldwide at the site in Gross-Bieberau, and at its foreign subsidiaries in Great Britain, France, the Netherlands, China, and India.
Senator is one of the world’s leading suppliers of merchandising products and writing instruments. In addition to high quality ballpoint pens, the product range also includes mugs, writing cases, and accessories.
“Senator has an excellent reputation as a leading manufacturer of high-end merchandising products in Europe. We are looking forward to strengthening the core business together with the teams in Gross-Bieberau and at the international subsidiaries, and to develop the company towards market leadership. Perusa Partners has a very positive experience with manufacturing businesses in Germany,” says Dr Hanno Schmidt-Gothan, CEO of Munich-based Perusa GmbH, which advises the fund.
