Coveright Surfaces Spain S.A.U. has been acquired by Sherpa Capital
Coveright Surfaces Holding GmbH (Coveright Group) has sold all shares in Coveright Surfaces Spain S.A.U. (Coveright Spain) to the Spanish investment fund Sherpa Capital. Financial details of this transaction have not been made public.
The Coveright Group is a leading manufacturer of impregnated paper used in surfaces for furniture, flooring, buildings, derived timber products and motor vehicles. The company’s headquarters are in Essen, Germany with production facilities in Europe and America. The sale of the Spanish operation is part of a divestiture program across the company's international divisions. Parallel to this divestment, agreements have been made on technology transfer and the continued use of the company name Coveright Spain. The new owners will also continue to run the company under the existing management.
Josef Kagon, CEO and David Miers, COO of the Coveright Group welcomed the transaction as a positive step for the future development of Coveright Spain.
Eduardo Navarro, CEO of Sherpa Capital, commented: "Coveright Spain is an outstanding company with a great strategy and a very professional team. We are very excited with our investment in the company and its vision for the future."
Oaklins' team in Germany advised Coveright Group in this transaction. Having also advised on the divestment of the Malaysian (2009) and the Russian (2010) subsidiaries, this is the third cross-border transaction that the German team has closed for Coveright Surfaces Holding in two years.


Sprechen Sie mit dem Deal-Team

Dr. Florian von Alten
Oaklins Germany
Transaktionen
CDG Invest has acquired a minority stake in Crossing Active Line
Karim Diouri and Nabil Mikou, the founders of Crossing Active Line, have sold a minority stake in the company to CDG Invest.
Mehr erfahrenGlobal Transport Solutions has acquired Ship Spares Logistics
Global Transport Solutions has acquired Ship Spares Logistics from Burando Maritime Services.
Mehr erfahrenTax Consult HR Tax & International Mobility acquired by Moore Belgium, a portfolio company of Waterland
Tax Consult HR Tax & International Mobility (Tax Consult HR Tax & IM) has joint forces with Moore Belgium, a portfolio company of Waterland.
Mehr erfahren