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