Palamon Capital Partners, a European mid-market private equity firm, has agreed to invest in DS Produkte, a German supplier of fast moving consumer products.
Palamon Capital Partners, a European mid-market private equity firm, has agreed to invest in DS Produkte, a German supplier of fast moving consumer products.
The terms of the transaction were not disclosed, although it involved Palamon taking a significant shareholding in the company and making an injection of capital to fund its growth plan.
DS Produkte will continue to be run by its current co-owner and chief executive, Ralf Dümmel, and chief financial officer, Andreas Schneider. Founder and co-owner Dieter Schwarz will continue to serve as chairman of the company.
Louis Elson, co-founder and managing partner of Palamon Capital Partners, says: ‘We are delighted to be investing in DS Produkte, a high growth business that is driven by an outstanding management team.’
Schwarz adds: ‘This partnership with Palamon marks a new phase in our development. As experienced pan-European growth investors, I am confident that their strategic and financial support can enable us to significantly add scale to our business.’
Palamon’s investment in DS Produkte marks the tenth investment in its second fund, Palamon European Equity II, which was raised in 2006 and has commitments of EUR670m.
