Pava Partners advised the shareholders of color parts GmbH (“color parts”), a leading provider of high-end coatings and surface finishes, on the sale of a majority stake to funds advised by PREMIUM Equity Partners (“PREMIUM”). The existing shareholders – the managing directors including founder, and WMS Wachstumsfonds Mittelstand Sachsen (“WMS”) – remain involved in the company through a substantial re-investment.

With its sale, color parts sets the course for its next phase of growth. The planned initiatives include further expansion of the sales organization and an increase in production capacity. A key focus will be on acquiring new customers and further diversifying the company’s end markets.

Founded in 2003, color parts is a leading provider of high-end coating and surface finishing solutions with state-of-the-art production facilities in Cunewalde and Kodersdorf (Saxony). The company’s service offering includes the finishing of designer bathroom and sanitary fittings, premium switch and socket systems, luxury writing instruments, medical pens and luxury vehicles.

The company specializes in high-quality wet painting for small to medium batch sizes and offers an almost unlimited color palette and a wide range of special effects. Thanks to its innovative capabilities, color parts has established itself as a valued development partner for numerous leading global brands. A key differentiator is the exceptionally high quality achieved on complex geometries and challenging, difficult-to-bond surface materials such as gold, chrome and die-cast zinc.

Operational responsibility stays with both Managing Directors, Thomas Hähnel and Meik Jeremies, who have successfully led color parts to strong growth in recent years. Bernhard Rösner, former CEO of LAMY, will serve as Chairman of the Advisory Board to support the planned growth strategy.

“color parts stands out for its market-leading position in the luxury coating segment and its exceptional quality standards, with reject rates close to zero. We were particularly impressed by the company’s outstanding ability to develop customized coating solutions for complex parts – an expertise that is highly valued by customers – as well as its high degree of flexibility and fast execution,” says Christine Weiß, Partner at PREMIUM.

color parts on Pava Partners

“With Pava Partners, we had an experienced and trustworthy partner at our side who guided us through the entire M&A process. Their sound advice, clear understanding of our interests, and high level of personal commitment made the successful completion of the transaction possible. I would like to thank the entire Pava team and am delighted to have secured my entrepreneurial succession and to be taking the next step in our company’s growth with PREMIUM Equity Partners,” states Meik Jeremies, the founder of color parts.

About color parts

color parts GmbH stands for high-quality coatings and surface finishes in the luxury and premium segment. The range of services extends from surface finishing of small parts, designer fittings for bathrooms and sanitary facilities, high-quality switch and socket systems, luxury writing instruments, medical pens, and vehicle parts in the luxury segment. Small and large series are produced using modern spindle, surface, and robotic painting systems.

For more information, visit www.colorparts.de.

About WMS Wachstumsfonds Mittelstand Sachsen

The WMS Wachstumsfonds Mittelstand Sachsen is an initiative of the Free State of Saxony and regional financial institutions, and has supported more than 50 Saxon companies in implementing their growth strategies since 2005. In early 2020, WMS launched its third fund generation. In addition to the savings banks (Sparkassen), investors include the Sächsische Aufbaubank, Bürgschaftsbank Sachsen, and Mittelständische Beteiligungsgesellschaft Sachsen.

For more information, visit www.wachstumsfonds-sachsen.de.

About PREMIUM Equity Partners  

PREMIUM Equity Partners, founded in 2011, is an investment company founded that focuses on strong niche companies in the DACH region with revenues between EUR 10m and EUR 50m. PREMIUM provides capital for growth financing, succession solutions, and spin-offs. For each investment, PREMIUM combines its extensive transaction and financing experience with the industry expertise of its operating partners. The investment in color parts is PREMIUM’s twelfth company acquisition.

The investment by PREMIUM Mittelstand Fund II GmbH & Co. KG benefits from the financial support of the European Union under the European Fund for Strategic Investments (EFSI). The purpose of the EFSI is to support the financing and implementation of economically viable investments in the European Union and to ensure improved access to financing.

For more information, visit premium-equity.de.