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Trigon Equity picks up insolvent German wood product maker Menz Holz

6 Dec 2012

Turnaround specialist Trigon Equity Partners has bought German wood product provider Menz Holz out of insolvency.

The company makes high-quality wood products for gardens and outdoor areas including flower boxes, patio furniture and screens.

Trigon said Menz Holz’s production site and commercial operations would continue to operate following the takeover, while the company would be rebranded to MHD Menz Holz Design.

Although financial details of the transaction were not revealed, Trigon makes investments of up to €10m in companies with turnovers of up to €250m in Germany, Austria or Switzerland.

The firm generally targets businesses in the industrial, commercial and service sectors.

Earlier this week German mid-market buyout house Deutsche Beteiligungs (DBAG) increased its investment in Homag Group, a listed maker of woodworking machines used for producing furniture.

DBAG and co-investment funds increased their stake from 33.1 per cent to 39.1 per cent mainly through the purchase of a block of shares from the Wehrmann family, who had integrated their company into the Homag group in 1999 and have since been shareowners.

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