Murphy&Spitz Green Capital Sells Stake In Rapunzel Naturkost

Jun 22, 2010, 12:10 ET from Murphy&Spitz Green Capital Aktiengesellschaft

BONN, Germany, June 22, 2010 /PRNewswire/ -- Rapunzel Naturkost turned out to be a highly profitable investment for Murphy&Spitz Green Capital AG. There was a sustainable rise in revenue and profit. The exit was a management buyout.

Rapunzel Naturkost AG has shown continual development since Murphy&Spitz Green Capital's investment. The company was able to raise its revenues and net profit by roughly 27% and 30%. In fiscal year 2009, the company's revenue reached a record level of EUR 107.1 million. Net profit growth amounted to a solid 29% increase. In addition, Rapunzel Naturkost roughly halved its bank debts to only EUR 13.5 million.

Decisive factors for the investment in Rapunzel Naturkost were the strong brand acceptance by consumers and the dynamic growth prospects of the company and the organic food industry as a whole.

Looking back, the industry and the company were relatively unaffected by the financial and economic crises and fulfilled the trust placed in them. The German organic food market had double-digit growth in 2009 and in the first quarter 2010 growth was 9.1%, surpassing even the highest expectations. Rapunzel Naturkost's successful development makes further growth investment unnecessary. Therefore, Murphy&Spitz Green Capital sold its stake in Rapunzel Naturkost via a management buyout.

The 36-month investment resulted in a total yield of 82%, beating the original assumptions.

"Rapunzel Naturkost is an established company in the organic food sector. The acceptance and awareness of the Rapunzel brand was built up with a dedicated approach to quality. This allows Rapunzel Naturkost to operate from an extraordinarily strong market position in domestic and foreign markets. Our investment has set the course for further success and created the conditions for our exit", said Andrew Murphy, CEO of Murphy&Spitz Green Capital, about the deal.

Murphy&Spitz Green Capital AG is a private equity company focused on investments in renewable energies and renewable raw materials. The expertise of Murphy&Spitz is based on a broad sector knowledge earned from more than a decade of experience with its own research and advisory team. Murphy&Spitz offers a wide range of sustainable investment opportunities including fixed income, investment, and private equity.

    Murphy&Spitz Green Capital AG
    Thomas Hoffmann
    Poststrase 30, D-53111 Bonn
    Tel.: +49-228-96-76-400

SOURCE Murphy&Spitz Green Capital Aktiengesellschaft