Milan, August 3, 2026. Clessidra Private Equity SGR, the private equity arm of the Clessidra Group—one of Italy’s leading alternative investment providers—announces the acquisition of a 70% stake in Errebi Technology S.p.A. through the Clessidra Capital Partners Green Harvest fund. Entrepreneur Massimiliano Paglione retains a 30% stake and is reinvesting alongside Clessidra. Androschin & Partner conducted the commercial due diligence for Clessidra Group Private Equity SGR.
TRANSACTION
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June 2024
UnternehmensGut and AG Capital invest in the cold storage cell manufacturer Celltherm
Frankfurt am Main/Vienna/Gronau-Epe, June 4, 2024. UnternehmensGut and AG Capital, two long-term-oriented investors focused on mid-market companies, are jointly acquiring a majority stake in Celltherm Isolierung GmbH, a leading manufacturer of refrigeration and deep-freeze chambers headquartered in Gronau-Epe. The current managing partners, Holger Bialdiga and Bart Verhoeven, will remain with the company, retaining a minority stake. Androschin & Partner (A&P) advised on the transaction and conducted commercial due diligence on behalf of UnternehmensGut and AG Capital.
INVESTOR
UnternehmensGut / AG Capital
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TARGET
Celltherm Isolierung GmbH
Headquarters
Gronau-Epe (Germany)
Founded
1982
Additional Information
>40 years of experience
Seller
Holger Bialdiga und Bart Verhoeven (bisherige Geschäftsführende Gesellschafter, reinvestieren als Minderheitsgesellschafter)
Transaction
Controlling stake; planned buy-and-build strategy
ABOUT THE COMPANY
Celltherm Isolierung GmbH
For more than 40 years, Celltherm has been synonymous with high-quality refrigeration and freezer rooms. Since 1982, the company has been manufacturing PUR-insulated panels and hinged doors at its Gronau-Epe facility for demountable refrigeration and freezer rooms, as well as test and climate-controlled rooms for customers in the wholesale and retail sectors, the food service industry, the food industry, and the fields of pathology, pharmaceuticals, and laboratory technology.
ABOUT THE INVESTOR
UnternehmensGut / AG Capital
UnternehmensGut is a long-term investor in small and medium-sized enterprises that invests equity from the "Mittelstand Deutschland 1" evergreen fund in established small and medium-sized companies. AG Capital is an independent private equity firm based in Vienna that provides buyout and growth capital to innovative small and medium-sized enterprises in the DACH region; the fund advised by AG Capital has a volume of just under 140 million euros.
OUR ROLE
Commercial Due Diligence