Patrimonium provides financing for the acquisition of Sundwiger Messingwerk by Deutsche Invest Mittelstand.
The Patrimonium Middle Market Debt Fund, a debt fund focused on mid-market companies managed by Patrimonium Asset Management AG (“Patrimonium”), has provided financing for the acquisition of Sundwiger Messingwerk GmbH & Co. KG („Sundwiger Messingwerk“). Funds advised by Deutsche Invest Mittelstand acquired Sundwiger Messingwerk on 4. November 2020 from Diehl Group (Germany). The financial terms are undisclosed.
Sundwiger Messingwerk is a leading supplier of high-quality rolled products made of copper alloys, such as strips and wires. The product portfolio includes a large number of copper-based high-performance alloys that are used in various industries and applications. Sundwiger Messingwerk is headquartered in Hemer (Germany), was founded in 1698, and has belonged to the Diehl Group for over 60 years.
Munich based Deutsche Invest Mittelstand, a member of the Deutsche Invest Capital Partners group (DICP), is an investment company focusing on mid-market companies in special situations as well as on corporate carve-outs. Deutsche Invest Mittelstand focuses on companies within the DACH-region that show operational and strategic improvement potential.
Dr. Daniel Heine, Managing Director
Moritz Frerker, Investment Manager