Go to deals
Other Industries | Private Equity

H.I.G. Capital, LLC has sold Witex Flooring Products GmbH to Windmöller Holding GmbH

Windmöller Holding GmbH has announced the takeover of Witex Flooring Products GmbH (Witex) after a successful restructuring by private equity firm H.I.G. Capital, LLC.

This takeover sees the return of Witex to the founding family, the Windmöllers. Ulrich Windmöller founded Witex in 1978 in Augustdorf and played a pivotal role in the successful global establishment and marketing of its laminate flooring. The Windmöller family withdrew from what was then Witex AG in 2002.

Windmöller Holding comprises the companies WPT GmbH and Windmöller Flooring GmbH, based in Detmold and Augustdorf, as well as Windmöller Holzwerkstoffe GmbH and Windmöller Fertigteile GmbH based in Bad Oeynhausen and Löhne.

"We will spend the coming months determining the current status and future focus of Witex and are delighted to welcome Witex to the Windmöller Group," said Matthias Windmöller, the majority shareholder of Windmöller Holding.

H.I.G. is a leading global private equity investment firm with more than US$8.5 billion of equity capital under management.

Oaklins' team in Germany acted as advisor to H.I.G. in this transaction.

Parties

Talk to the deal team

Dr. Hans Bethge

Senior Advisor
Hamburg, Germany
Oaklins Germany

Dr. Florian von Alten

Managing Partner
Hamburg, Germany
Oaklins Germany

Related deals

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more
Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Private Equity | Food & Beverage

Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector

Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.

Learn more
He-Man Dual Controls has been acquired by Lagercrantz UK Limited
Private Equity | Automotive | Industrial Machinery & Components

He-Man Dual Controls has been acquired by Lagercrantz UK Limited

Lagercrantz UK Limited has acquired 100% of the shares in HM Holding Limited (He-Man Dual Controls), a leader in supplemental control systems for vehicles.

Learn more