Deutsche Beteiligungs has sold Romaco Group to Truking Group

Deutsche Beteiligungs AG (“DBAG”) has initially sold three-quarters of its shares in Romaco Group (“Romaco” or the “Company”) to Truking Group, a leading China-based engineering company. A 24.9% interest will still be held by DBAG. These remaining shares will be transferred within the next three years, enabling DBAG to support Romaco’s transition to its new owner.

Lincoln International acted as the exclusive financial advisor to DBAG and supported DBAG in all aspects of the transaction, including process preparation, marketing, due diligence and contract negotiations. The execution of a road show in China and the U.S., as well as the orchestration of a competitive bidding process exclusively with two strategic investors, were focal points of this transaction.

DBAG is a listed private equity company, initiating closed-end private equity funds and investing alongside the DBAG funds in well-positioned mid-sized companies with potential for development. DBAG focuses on industrial sectors in which Germany’s “Mittelstand” is particularly strong on an international comparison. With its experience, expertise and equity, DBAG supports the portfolio companies in implementing corporate strategies that sustainably create value. Its entrepreneurial approach to investing.

Romaco is a leading global supplier of processing and packaging equipment, predominantly for the pharmaceutical industry. Divided into three business areas, Processing, Tableting and Packaging, the Company develops engineered system solutions for the pharmaceutical market, but also supplies the cosmetics, food and chemical markets. Romaco operates from four European locations with the headquarters in Karlsruhe, Germany. The Company serves the multiple industries through a total of seven brands.

Truking was founded in 2000. The company manufactures machines and lines for the pharmaceutical and chemical industries, including packaging machines. Truking employs a workforce of 2,600 in China. Romaco is the company’s first investment in Europe.

“Romaco has clearly moved forward in recent years, and the sale successfully concludes that strategic development,” said Dr. Rolf Scheffels, member of the Board of Management of DBAG. “Romaco can now seize the opportunities inherent in its improved market position in Asia. We are delighted to be in a position to participate in this step, too.”

Paulo Alexandre, CEO of Romaco, underscored the advantages for the Company under its new majority owner: “Our products and our geographical presence ideally complement the business of our new owner Truking — there is no overlap. Romaco will now have markedly broader access to the promising Chinese market, which creates major opportunities for further growth.”

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