Alantra advises FSN Capital on the acquisition of iMPREG Group from BWB Partners

Nov 2019

Buy-side advisory

Frankfurt / Copenhagen – Alantra, the independent global mid-market investment banking, asset management and portfolio advisory firm, today announced it has advised FSN Capital Partners on the acquisition of iMPREG, a leading manufacturer of glass-reinforced plastic (‘GRP’) cured-in-place-pipe (‘CIPP’) liners that enable trenchless repair of damaged sewer main pipes and waste water pipes, from BWB Partners. This is the second buy-side transaction Alantra has completed for FSN Capital in the last two years.

iMPREG was founded in 1999 and is one of the pioneers of the European GRP market. Over the past few years, iMPREG has developed from a European-focused GRP manufacturer into one of the world’s leading providers of pipe liner systems for trenchless pipe rehabilitation. Through successful establishment of own manufacturing also in China and the US, iMPREG is quickly becoming one of the market leaders in the Asia-Pacific and North American markets. Further, iMPREG has invested in developing new generations of liners ensuring the Company continues to be at the forefront of the GRP CIPP industry.

Robin Mürer, Partner at FSN Capital Partners commented: “We were impressed by the Alantra team who supported us throughout the transaction with strong execution support, valuable market intelligence and relevant relationships involved in the situation. They had a significant impact in securing the deal for FSN Funds.”

Christoph Handrup, Managing Director at the Frankfurt office of Alantra, highlighted: “It was a great pleasure to work with FSN Capital Partners again and help the team in winning this competitive auction process. This transaction is another great example of our integrated cross border approach by working closely with our recently established Danish team in Copenhagen.”

About FSN Capital

FSN Capital is a leading Northern European private equity investment company focused on the middle-market segment. Originally established in 1999, FSN Capital seeks to make control investments in companies with significant potential to become international leaders. FSN Capital focuses on majority investments in companies with enterprise values between €50 million and €300 million.

About BWB Partners

BWB Partners is an independent owner-led Danish investment firm investing in small and medium-size companies with a turnover of up to DKK 750 million and strong growth potential.