Afinum Fünfte Beteiligungsgesellschaft mbH & Co. KG, advised by Munich-based Afinum Management GmbH, sells its majority position in Erpo Möbelwerk GmbH, Ertingen, to Stuttgart-based BWK Unternehmensbeteiligungsgesellschaft. The three members of the management team inscrease their share of Erpo and continue to lead
the company operationally.
Erpo (www.erpo.de) is one of the leading upholstery furniture producers in the premium segment of the market. It sells to specialized furniture retailers in Germany, surrounding countries and Asia, primarily Japan.
Afinum has acquired the majority of Erpo together with the current management team from the previous owner in 2009. Since then, Afinum has supported the positive development of the company, yielding profitable growth well-above market average. Erpo has expanded its product range and has intensified its sales approach by
introducing innovative concepts. In 2012, Erpo generated 26m EUR of sales and has a workforce of 145.
This investment is another example how a financial investor can act as a catalyst with respect to the development of a successful mediumsized company while maintaining a maximum of management continuity.