AF Eigenkapitalfonds für deutschen Mittelstand GmbH & Co. KG – managed by Afinum Management GmbH – sold its shares in the machinery company Wilhelm Altendorf / Minden back to the owner family Altendorf as of the end of 2015.

In 2011, Afinum became a minority shareholder in Altendorf as one of the first investments of the Afinum growth fund. With this investment, the funds’ primary function could be realized successfully: in a difficult cyclical surrounding, family-owned Altendorf was supplied with new equity capital for starting and facilitating the transformation process.

During the shareholding period, multiple restructuring measures and growth initiatives have been realized with the support of Afinum. Since the sale back option was already agreed at the beginning of the shareholding period, the family was able to become sole owner of the shares again after having realized an increase in turnover and earnings.
Additionally, the investment in Altendorf was very lucrative for the fund and its investors.