USA – Polyconcept is being taken over by an investment group under the direction of Charlesbank Capital Partners, LLC. As revealed in the corresponding press release, the capital for the transaction was provided by Charlesbank, the management and several other investors. Further details about the contract were not released, however, there are to be no changes to the management. For the customers it is “business as usual“ too.
The take-over of Polyconcept, the parent company of Polyconcept North America and PF Concept, signifies the end of an eleven-year-old partnership with Investcorp. Ralf Oster, Chief Executive Officer PF Concept Europe, is assessing the take-over positively: „Charlesbank is an ideal partner for Polyconcept and I am excited about the opportunities we will have with Charlesbank to grow our business and launch new initiatives to support our long-term strategy. We expect the transition to be seamless for both our customers and our employees.” The transaction is to be completed in the third quarter of 2016.
Polyconcept is considered to be the worldwide market leader for promotional and gift items and operates in over 100 countries on five continents. The capital company Charlesbank Capital Partners, which is based in Boston and New York, is a medium-sized, private holding company that manages capital to the value of over 3.5 billion US Dollars and which concentrates on management buy-outs and growth capital financing.