PINOVA Capital invests in RIEPE GmbH & Co. KG

Pinova Capital GmbH, the Germany based private equity firm, and private investors Frank Rave and Ulrich Schmidt have acquired shares in RIEPE GmbH & Co. KG, the Germany based manufacturer and distributor of electronically controlled spraying systems for the woodworking industry, together with the associated chemical products, from the Riepe family.

Target – Riepe Gmbh & Co. kg

Buyer – Pinova Capital GmbH

Buyer – Frank Rave (private investor)

Buyer – Ulrich Schmidt (private investor)

Seller – Riepe family

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