About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.


Login to access your exclusive member-only content and account information.


Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Private equity in action - Case Study

Capol GmbH

Back to results
Country Germany
Region Schleswig-Holstein
Investor The Riverside Company

When The Riverside Company invested in Capol in 2009, the German confectionery, agricultural and pharmaceuticals coatings business, which made glazings for products such as jelly beans, was run by a founder who was approaching retirement and unable to provide the time and resources to expand the company. Capol had significant knowhow and operated in a market with high barriers to entry, but had significant room to grow.

With Riverside’s support, over the next four years, Capol’s growth rate almost tripled and the company developed a significant international presence, including in the large U.S. and Chinese markets. With Capol perfectly positioned for further expansion, Riverside sold the business in 2013 to Freudenberg Chemical Specialities.

Dr. Matthias Seemann

Managing Director

Capol GmbH

Capol has come a long way under Riverside’s ownership. We are a truly global company that’s able to offer our outstanding products to customers anywhere. We’ve enjoyed working with the Riverside team, and it’s helped us make Capol a bigger and better company. Quotation Marks Graphic

annual sales growth


increase in employment 2009-2013

What did the business need?

  • Professionalisation of management structure and business culture
  • Support to increase in international sales
  • Help to expand into new markets

How did private equity backing create lasting value?

  • Acquired a U.S. distributor to improve customer relationships and leverage sales
  • Provided access to Riverside’s Asian team and network to increase sales in China
  • Built a new dynamic management team while retaining the founder’s intellectual input in the new role of chairman
  • Invested in new product development
  • Improved quality control procedures

What outcomes did private equity investment achieve?

  • Increased compound annual sales growth rate from 3.3% to 12.1%
  • Increased revenues from €16.7 million in 2009 to €26.4 million in 2013
  • Grew EBITDA* from €5.3 million to €8 million
  • Expanded sales in China from €500,000 in 2008 to €1.8 million in 2013
  • Captured total market share in excess of 50%
  • Increased employment by 50%

More information

Capol GmbH

The Riverside Company


What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies


Join today

This is for members only. To view in full login or join Invest Europe today.