IMPAG Group drives growth through strategic investor change with Deutsche Private Equity (DPE)

IMPAG Group, an internationally recognised chemical distribution company, announces that it has completed a change in its investor structure as part of its strategic development and to accelerate growth in a consolidating market.

The transaction was signed on Friday, 19th July 2024, and is expected to close in the third quarter, following receipt of approval from the competition authorities and fulfilment of all other closing conditions.

This step is part of the IMPAG Group's long-term growth strategy, which aims to further consolidate its market position and create added value as a solution provider for its internal and external stakeholders. The change will enable the IMPAG Group to strengthen its agility and innovative power and to drive forward its corporate vision in a targeted manner by further developing its product range and expanding its services. It is essential for IMPAG to have a partner with the same understanding of values, guided by respect, passion, integrity and expertise, in order to maintain the identity of the traditional company as it grows.

The new investor structure, with DPE as majority investor, supports IMPAG Group's ambitions to expand its presence in the European market and diversify its business areas through targeted acquisitions and partnerships. IMPAG Group strives to further strengthen its value-added position in the life science and material science sectors and to be recognised as the preferred partner of its global stakeholders.

The Board of Directors and the Executive Board of the IMPAG Group are convinced, that the change of investor supports the strategic direction of the company and forms the basis for further growth and long-term success.

"A change of investor should always be driven by strength and not by necessity. IMPAG has developed across national borders, has established a strong market position in Europe and, with its ambitious plans for the future, is now ready for a new, strong investor and partner. We are convinced that in DPE we have found a strong partner with a comparable understanding of values, who will support the successful development of the IMPAG Group further and in the long term," confirms IMPAG CEO Remo Bernardi.

Andreas Schmid, Partner at DPE, emphasises: "We are convinced that we can expand the IMPAG Group into a leading pan-European distributor for specialty chemicals on the basis of the existing platform, both through further organic growth initiatives and through targeted buy-and-build acquisitions."

DPE is a German capital management company headquartered in Munich that invests in medium-sized growth companies, primarily in Germany, Austria and Switzerland, with the investment funds it manages. DPE supports its portfolio companies with a partnership approach, capital, experience and respect for entrepreneurial action in order to realise their future potential.

The IMPAG Group, headquartered in Zurich and with subsidiaries in Switzerland, Germany, Poland, France, Austria and Spain, is a chemical distribution company that supplies and supports the life science and material science industries in Europe with raw materials and services. The group achieved annual sales of CHF 180 million in 2023.

IMPAG Group was advised by Enqcor (M&A), Lenz & Staehelin (Legal), Swisslegal (Tax) and PwC (Financial Factbook). DPE was advised by UBS (M&A), Bär & Karrer (Legal), BCG (Commercial), EY (Financial), Pava (Debt advisory), PwC (Tax, Structure & ESG), Gleiss Lutz (Anti-trust) and Howden (Insurance).

Contact

Kathrin Renner
Head of Communications IMPAG Group
kathrin.rennerimpag.ch

IMPAG AG
Räffelstrasse 12
8045 Zurich, Switzerland