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Affiliate of CoBe Capital acquires Völker from Hill-Rom

An affiliate of CoBe Capital, a global private investment firm focused on operation of non-core and underperforming business units, has completed the acquisition of the Völker business from Hill-Rom Holdings.

Headquartered in Witten, Germany, Völker is a premier producer of high quality long-term care and acute care healthcare beds. Völker has been a market leader for decades and is well-known for developing a new generation of top-choice beds for occupants and caregivers alike. Continuous product innovation and process improvement are hallmarks of Völker, which employs nearly 250 people at its Witten-based production site.
Neal Cohen, CoBe Capital’s Founder and Managing Director, says: “We are confident that Völker’s best-in-class manufacturing capabilities and renowned brand reputation combined with our operational expertise in the region will set the business on a positive trajectory. We are excited to have the opportunity to create another success story in Europe.”
CoBe Capital’s Managing Director for Europe, Dr Henning Walf, says: “Völker has long been a leader in the European long-term care market. We look forward to working with Völker’s management to stabilize the business and develop sales and marketing initiatives that will drive success for the standalone entity.”
Dr Knuth Schmidt, CoBe Capital’s Director of European Operations, and Samuel Zurkinden, CoBe’s Senior Vice President of European M&A, will work closely with Völker’s management team throughout the transition and implement an operational plan that will promote long-term profitability.
This is the fourth consecutive transaction in which CoBe Capital has acquired a European business unit from a US-domiciled multinational corporation. CoBe Capital now has two businesses with operations in Germany in addition to one of its own European offices, which is in Cologne, Germany.

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