goetzpartners advised Equistone on the acquisition of a majority stake in RENA with a Commercial Due Diligence

goetzpartners' Private Equity consulting team supported funds advised by Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity firms, on its acquisition of a majority stake in the RENA group (“RENA” or “the Company”) with a Commercial Due Diligence. 

The Commercial Due Diligence includes a detailed assessment of RENA’s business with a particular focus on the Company’s technological competencies in its various end-markets and the sustainability of its business model and value chain. goetzpartners has built a comprehensive bottom-up market model for each of RENA’s addressed technologies, end-markets for wet chemical surface treatment by region to evaluate future growth potential for RENA while considering underlying market trends. A thorough assessment of the management’s business plan has been conducted considering findings of the market model and a detailed benchmarking of key competitors.

ABOUT RENA

Founded in 1993, RENA is one of the leading manufacturers of wet chemical surface treatment technology and machinery and employs around 800 people worldwide. As a global player, RENA provides high-tech solutions to clients in the semiconductor, medtech, green energy, and glass & sapphire sectors. The company has a strong international presence, with three production and R&D facilities in Germany and Poland, as well as sales and service locations across both Asia, including China and Singapore, and North America. RENA generates an annual output of over €120 million.

ABOUT EQUISTONE

Equistone is an independent investment firm, which operates across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams.  With more than 150 transactions since 2002, Equistone is one of the leading and most active European capital investors.

TRANSACTION TEAM

Dr. Sigurd Kitzer
Partner
Email

Dr. Norbert Danneberg
Senior Manager

Julia Füchsl
Consultant

Andreas Haselbach
Consultant

Jonas Koppe
Associate Consultant

Teresa Hammer
Associate Consultant