For What Truly Counts


Company Sale

Proventis Partners exclusively advises premium parasol manufacturer Caravita on sale to WAREMA Group.

Nová Dubnica / Gaimersheim / Marktheidenfeld, 01. April 2017
Warema Group develops, produces and distributes sun shading products for more than 60 years and acquires 100% of the shares of Caravita Europe s.r.o., Slovakia and the main assets of Michael Caravita GmbH, Germany, a manufacturer of premium parasols and sun sails.

Corporate succession realised

Proventis Partners acted as exlusive M&A advisor to Caravita Group and its shareholder, Mr. Michael Caravita in the course of corporate succession. In this process, Proventis Partners advised on the selection of prospective buyers, prepared the company documentation, contacted selected strategic investors, evaluated purchase proposals and advised on contract negotiations regarding deal structure and evaluation. By handing over the company to Warema, a medium-sized company with high-quality standards, the requirements of Caravita Group’s shareholder were fully met. The Munich-based team, Rainer Wieser, Partner and Julian Haag, Analyst, advised on the transaction.

Strategic transaction background

Caravita Group has been growing continuously since its foundation in 1993 and reached revenues of approximately EUR 4 m. in 2016. In the course of succession planning, founder and sole shareholder Michael Caravita seeked an investor, who satisfies his high-quality standards in product development and who allows an employee handover in good conscience. In Warema Group, a buyer was found that is known in the market as highly innovative company with high-quality products.

About Caravita Group

Caravita Group was founded by Mr. Michael Caravita in 1993 and consists of three companies located in Germany, Slovakia and the United States. Caravita stands for first-class quality and modern design. As premium manufacturer, the company produces its products solely in Europe by deploying high-skilled employees and selected materials. Only few accessory parts are sourced from selected suppliers. Sales is being conducted through a worldwide network of specialist dealers. The company provides a broad range of parasols with different opening mechanisms, product specifications and areas of application.

About Warema Group

Warema has established itself as the leading SunLight Manager with more than 60 years of experience and comprehensive know-how. The tradition-steeped family business develops, manufactures and distributes individual, technical sun shading products, which have more to offer than heat and glare protection. The specialist provides not only a full range of interior and exterior sun shading and control systems but is also successfully active in the fields of plastic parts and mechanical engineering.

Warema Group currently employs more than 3,400 employees and generated revenues of al-
most EUR 419 m. in the financial year 2015.

About Proventis Partners

Proventis Partners is a partner-managed mid-market M&A-advisory boutique, whose main clients comprises corporations, family businesses and private equity funds. Proventis Partners is active in the sectors construction, distribution & logistics, consumer goods & food, media & technology, packaging and cleantech & natural resources and has beside the three offices in Zurich, Munich and Hamburg, a qualified partner network in Europe, Asia and the United States. Proventis Partners has completed with its team of 30 professionals over 200 transactions with a total transaction volume of more than EUR 4 bn.