Press Release

February 8 2023

PINOVA Capital invests in RIEPE GmbH & Co. KG

Funds advised by PINOVA Capital GmbH ("PINOVA") together with the two future Managing Directors Mr. Frank Rave and Mr. Ulrich Schmidt have acquired the shares in RIEPE GmbH & Co. KG ("RIEPE") from the owners, the Riepe Family.

RIEPE is a globally leading specialist in the field of finish-quality edge banding with headquarters in Bünde, Germany, and sets itself apart by patented solutions with unique product performance, international reach and long-standing customer relationships. Using spraying systems and associated chemical products, customers within the wood processing industry achieve enhanced product quality, increased processing speed and significant scrap reduction.

"We are very pleased to have found an experienced partner in PINOVA, who brings a lot of know-how to the table regarding strategic development and internationalisation of medium-sized companies. Together with our team of long-standing employees and industry specialists and with PINOVA's experience, we will be able to bring new, innovative products to the market and expand our sales network in Asia and South America even faster and more professional," emphasise the two new Managing Directors Frank Rave and Ulrich Schmidt, who have acquired a stake in RIEPE as part of the transaction.

Herbert Seggewiß, Partner at PINOVA Capital, adds: "We are pleased to support the Riepe family with the succession of their business and to lead this unique company into the next growth phase. With Frank Rave and Ulrich Schmidt, two managers have taken a stake in the company who will have a decisive influence on the business‘ growth trajectory in the coming years. Together we will further develop the considerable sales potential of the innovative RIEPE in the key sales regions of Europe and the rest of the world."

"We are proud to have developed the RIEPE company into a globally operating market leader and to now be able to hand over the business into the hands of our long-standing employees Frank Rave and Ulrich Schmidt as well as a strong, value-oriented partner like PINOVA. The RIEPE company and its success live from the positive aspects of a family business and the RIEPE spirit, which will also be maintained in the future", emphasise Bernd Riepe, Angelika Riepe and René Riepe.


RIEPE was founded in 1982 by Hans-Egon Riepe and Bernd Riepe and is a globally operating company in the edgebanding sector based in Bünde, Germany, with currently ~30 employees. RIEPE develops and produces spraying systems, nozzles and associated chemical products to help customers optimise the quality of their products and further automate their production. RIEPE sets itself apart by first-class quality, reliability and unique industry expertise in the field of wood processing and edge banding. For more information, please visit:

About PINOVA Capital

PINOVA Capital is an independent private equity firm that manages funds investing in high-growth technology companies in German-speaking regions. PINOVA focuses on "Mittelstand" companies with sales between €10 million and €75 million in the sectors industrial technology and information technology, characterized by significant growth potential, sustainable competitive advantages, and a strong market position in their niche. For more information, please visit:

Press contact:
Beate Huttenloher
Marketing Manager 

PINOVA Capital GmbH
Viktualienmarkt 8
80331 Munich

T: +49 (0) 89. 189 42 54 – 40

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