Coperion Group, the Stuttgart-based maker of compounding extruders and Waeschle materials-handling and conveying equipment, has changed hands between two European private equity firms.
Deutsche Beteiligungs AG, a middle-market buyout firm based in Frankfurt, Germany, purchased Coperion from London-based Lyceum Capital Partners LP in a deal announced May 10.
The price was about 300 million euros ($405 million), according to Deutsche Beteiligungs. Coperion had 2006 sales of about 450 million euros ($608 million).
Coperion employs more than 2,000 around the world. Its U.S. operation, Coperion Corp., is based in Ramsey, N.J.
Coperion was created in 2000 after Swiss machinery maker Georg Fischer AG and an investor group bought compounding extruder company Krupp Werner & Pfleiderer GmbH. In 2002, Georg Fischer turned over ownership to its equity partners, West Private Equity Ltd. of London.
West Private Equity's name changed to Lyceum Capital in mid-2006, after management acquired the investment firm.