Private equity firm The Riverside Company exited from Capol, a polishing and anti-sticking agent manufacturer located in Elmshorn, Germany. The global private equity company sold Capol to Freudenberg Chemical Specialties but gave no further details about the transaction. In 2009, Riverside invested in Capol. Since then, the latter's annual revenues grew 15% while its earnings increased 12%. Capol now has 250 trademarked products and does business in over 60 countries around the world.
Partner Thomas Blomqvist said Riverside transformed Capol. "During our ownership, Capol has transformed into a truly international company run by a broad and skilled management team, and is well-positioned to further leverage the multiple growth opportunities ahead," he said. Principal Dominik Heer agreed and called Capol an exceptional investment. "We've worked with a very talented management team which fortified Capol's global leadership position in its key regions in DACH and North America, while further developing the business in the growth markets of Asia and Latin America," he added.
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