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


Back to results
Country Germany
Region Baden-Wurttemberg
Investor Quadriga Capital

Financial investment combined with industry know-how helped unlock the full potential of German pump and pumping systems group LEWA. Following its investment in 2005, Quadriga Capital brought in new management, reorganised the group’s product portfolio, established a plan for future growth and put in place various operational excellence initiatives. As well as improving the company internally, Quadriga Capital set about expanding it internationally through overseas sales initiatives, such as the acquisition of a sales company in the US, and a joint venture in China. Japan’s Nikkiso Group bought the company 2009 and has since supported LEWA’s ongoing development.

Bernd Stütz

former CEO


LEWA is a role-model how to transfer a small-scale local business into a global group. Quotation Marks Graphic

annual sales increase to over €140m


increase in R&D spend

What did the business need?

  • Strong team to succeed family management
  • Financial support and expertise for international expansion
  • Stronger sales team for previously engineering-focused company
  • Vision to unlock company potential through innovation

How did private equity backing create lasting value?

  • Improved aftermarket sales and services
  • Streamlined product portfolio and put in place innovation programmes
  • Established new sales strategies and targeted the US and China
  • Set up the LEWA academy for employees in order to boost operational excellence
  • Brought in new management
  • Reduced working capital requirements

What outcomes did private equity investment achieve?

  • Increased R&D spend by 20%
  • Reached 90 countries through 15 global subsidiaries, an increase of more than 35%
  • Increased sales by average 15% a year to over €140m
  • Grew profits by an average of 20% a year
  • Increased employment numbers by over 6%

More information


Quadriga Capital


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.