German-based Mustang Group has announced changes regarding its equity capital. In order to guarantee further growth and succession, the founding family has taken in a German investor group that is consulted by the private equity enterprise ACapital.

Heiner Sefranek, Managing Director and member of the founding family, said: “I continue to be in charge at Mustang as an associate and I am very glad that we can approach the challenges of the macroeconomic situation with the help of our new capital partner from a position of power. Our focus thereby is on the development of our long-time good relations to the specialized trade sector and the expansion of our service portfolio.”

Thomas Schlytter-Henrichsen, partner of ACapital, commented: “We see the strong brand of Mustang as a basis for a solid development over the next years.” Harald Rönn, partner of ACapital, added: “We have a broad know-how in the textile sector that we will apply at Mustang together with the founding family Sefranek in order to further bring forward the company.”

In June of this year, Mustang had separated from its former CEO, Theo Birkemeyer, and Heiner Sefranek had taken over the operative business again.