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PARAGON PARTNERS becomes new shareholder of the WEKA Group
Dr. Edin Hadzic, co-founder and managing director of PARAGON PARTNERS, said: "WEKA is an impressive success story, which we are looking forward to continuing as new shareholder. Together with the management team and the employees we want to further strengthen the diversified structure and entrepreneurial spirit of the group. The ongoing development of markets, products and the digitalization of corporate processes will continue to be a key priority. Targeted acquisitions to complement the current portfolio will remain part of the corporate strategy. We welcome WEKA to the Paragon family and look forward to working with them".
Wolfgang Materna, Managing Director of WEKA Holding: "I am happy to have found in Paragon Partners a determined and reliable shareholder with excellent references. This, coupled with its experience in the media industry, lays the foundation for a successful further development of the WEKA Group. With Paragon we see the future of WEKA, our employees and our business partners in good hands and are eager to become part of the Paragon family. Under new ownership, the management and employees of the WEKA Group will continue to strive for WEKAs success".
About PARAGON PARTNERS
PARAGON PARTNERS, founded in 2004, is a leading private equity group in the German speaking countries with more than EUR 1.2 billion of equity under management. PARAGON PARTNERS works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries (e.g. industrial/ professional services, IP management, media analytics) and currently comprises 12 companies. The firm is based in Munich, Germany. For further information please visit www.paragon.de.
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