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Rautenberg Moritz & Co. advises Paragon Partners on the acquisition of 7days Group together with Chequers Capital.

The Rautenberg Moritz team advised Paragon Partners on the acquisition of 7days Group. Signing of the transaction took place on 26 November 2020.

Paragon Partners was founded in 2004 and has since developed into one of the leading independent private equity firms in Europe, with more than EUR 1.2 billion in equity under management. Paragon Partners works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 15 companies. The firm is based in Munich, Germany.

Chequers Capital is an independent private equity firm and covers deals valued between EUR 80-150 million, focusing on creating value for companies in close partnership with their management. Founded in Paris in 1972, the firm became independent in 2000. Over the years, Chequers Capital has completed almost 300 investments across Europe and now manages EUR 2 billion in assets.

7days was founded in 1999 in Lotte near Osnabrück. Today, the company is a leading supplier of modern and innovative workwear for medical professions. 7days designs, produces and distributes a wide range of high-quality workwear for more than 300,000 customers in the healthcare sector in twelve European countries. 7days operates a vertically integrated business model with a diversified supply chain and markets its products through a multi-channel distribution platform, including both catalog marketing and e-commerce channels. This has enabled the company to achieve consistent growth in its German home market and internationally. Today, 7days employs 240 people and is expected to generate sales of over EUR 40 million in 2020.

Our team around Arndt Rautenberg supported as buyside advisor with a comprehensive Market Due Diligence across three European countries.

Rautenberg Moritz & Co. advises Paragon Partners on the acquisition of 7days Group together with Chequers Capital.

Quick Facts

Date

  • December 2020

Paragon Partners

  • Independent private equity firm
  • EUR 1.2bn under management
  • Currently 15 companies in portfolio
  • Founded 2004 in Munich

Chequers Capital

  • Independent private equity firm
  • EUR 2bn under management
  • Founded 1972 in Paris

7days Group

  • Leading provider of workwear for medical professionals
  • 300,000 customers across Europe
  • Revenue: Over EUR 40m (2020F)
  • Over 240 employees

Deal Size

  • Undisclosed

Services

  • Market Due Diligence

Team

  • Arndt Rautenberg, Managing Partner
  • Boris Herzog, Senior Director
  • Eike Gerrit Büllingen, Director
  • Sebastian Morck, Manager
  • Sven Linde, Analyst