Equistone Partners Europe has acquired Karl Eugen Fischer Beteiligungs, a portfolio company of Equita.
Equita was advised by Baird, a mid-market investment bank.
Based in Burgkunstadt, Germany, Karl Eugen Fischer specialises in tyre cord cutting machinery.
Equita is an independent, non-bank-affiliated investment company based in Bad Homburg, which invests in mid-sized companies in the German-speaking countries.
Equistone Partners Europe is an independent investment firm that operates across France, Germany, Switzerland and the UK.