Hamburg/Hanover – Investment funds advised by Pinova Capital GmbH have acquired a majority stake in Ecoroll AG Werkzeugtechnik. Luther Rechtsanwaltsgesellschaft advised the long-standing CEO of Ecoroll, Dr.-Ing. Karsten Röttger, on the increase of his stake as part of the transaction.
Dr.-Ing. Karsten Röttger has been Ecoroll’s CEO for many years and has held a financial stake as a co-shareholder long before Pinova Capital became involved in the company. Now, together with Dr.-Ing. Karsten Röttger, Pinova Capital intends to drive Ecoroll’s growth as a market leader in the mechanical surface treatment sector and further develop Ecoroll into an international full-range supplier in the area of mechanical surface finishing.
As part of the transaction, Luther provided legal advice to Dr.-Ing. Karsten Röttger and his private holding company.
Ecoroll AG Werkzeugtechnik is a leading supplier of tools and machines for mechanically improving the surface of metallic components. Ecoroll distributes tools and machines for (roller) burnishing, deep rolling and cylinder tube processing via a global distribution network. In 2019, the company received the Bosch Global Supplier Award in the category “Innovation”.
Pinova Capital is an independent investment company that provides equity financing for innovative high-growth SMEs in German-speaking countries.
On behalf of Dr.-Ing. Karsten Röttger and his private holding company:
Luther Employment law: Dr Volker Schneider (Partner)