AF Eigenkapitalfonds für deutschen Mittelstand GmbH & Co. KG, advised by AFINUM Management, has acquired a minority shareholding in ORWO Net, a Bitterfeld-Wolfen, Germany-based technology leader in the digital print sector.
AFINUM has also provided equity capital to finance the company’s geographical and product expansion, which is expected to take place organically and through acquisitions.
Following the investment, the current shareholders will keep their majority stake in the business; the existing management team will remain responsible for strategic development and for the daily operating business of the group.
Founded as Agfa-Filmfabrik in 1910, the company provides its silver prints, digital prints, photo books and related photo products to large German retail groups in the B2B and B2B2C business.
It also operates store based online terminals (including printers) that offer do-it-yourself digital photo printing. Through its private brands PixelNet and FotoQuelle, ORWO Net operates an internet based design and ordering system for a variety of print products.
The company has production sites in Bitterfeld-Wolfen, Wiesbaden and Tonder (Denmark).