Tar Heel Capital has acquired a 60% stake in Rockfin, a Polish supplier of hydraulic and pressure systems.
This is the maiden investment for Tar Heel Capital II, which closed on €50m in September 2012 following a three-month fundraising period. The vehicle acquires majority stakes in Polish SMEs.
Rockfin's founder will retain the remainder of the shares in the business. The company will use the fresh capital to develop its production plant and to potentially finance acquisitions.
Company
Founded in 1991, Rockfin designs and distributes hydraulic oil systems, including lubrication, drive and control, industrial oil filtration, and maintenance systems.
Founded in 1991, Rockfin designs and distributes hydraulic oil systems, including lubrication, drive and control, industrial oil filtration, and maintenance systems.
Rockfin posted a €32m turnover in 2012 and is based in Chwaszczyno, Poland.
People
Grzegorz Bielowicki led the deal for Tar Heel. Wojciech Danek is the CEO and previous owner of Rockfin.
Grzegorz Bielowicki led the deal for Tar Heel. Wojciech Danek is the CEO and previous owner of Rockfin.
KEY FACTS
Rockfin
DEAL - Buyout
VALUE - n/d (<€20m est)
LOCATION - Chwaszczyno
SECTOR - Industrial machinery
FOUNDED - 1991
TURNOVER - €32m
DEAL - Buyout
VALUE - n/d (<€20m est)
LOCATION - Chwaszczyno
SECTOR - Industrial machinery
FOUNDED - 1991
TURNOVER - €32m
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