Business
Blue Cap : acquires Janoschka AG and adjusts forecast due to the transaction
Blue Cap : acquires Janoschka AG and adjusts forecast due to the
About this update from Blue Cap Ag
07 May 2026 - 00:43 Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014 Munich, 07 May 2026 Blue Cap AG ("Blue Cap") today signed a purchase agreement with members of the founding family and Stuttgart-based investment company Süd Beteiligungen GmbH (SüdBG) to acquire 100% of the shares in Janoschka AG ("Janoschka") and, indirectly, its subsidiaries. The purchase price is structured in three approximately equal tranches, two of which are contingent upon the achievement of agreed performance targets in the company's fiscal years 2026 and 2027. The parties have agreed not to disclose the purchase price. In addition, it is intended to continue Janoschka's existing syndicated financing at a reduced level in connection with the closing. Blue Cap's refinancing contribution is expected to be roughly equivalent to the portion of the purchase price payable at closing. The purchase price and Blue Cap's refinancing contribution are to be financed from existing liquidity and available credit lines. Headquartered in Kippenheim, Baden-Württemberg, Janoschka operates as a one-stop provider covering the entire prepress value chain in packaging printing-from packaging development and design adaptation through to tool manufacturing. The company employs around 1,500 people and operates production sites in 12 countries across Europe, Asia, and North America. In 2025, the company generated revenue of approximately EUR 90 million. The completion of the transaction remains subject to certain conditions precedent, including adjustments to Janoschka's syndicated financing, the granting of certain approvals, and the implementation of specific operational measures. Upon closing, Janoschka would be fully consolidated and would significantly increase the revenue and earnings of the Blue Cap Group. In light of the expected transaction, Blue Cap is adjusting its forecast for the full year 2026. Assuming successful completion, the Management Board now expects consolidated revenue from continuing operations for the full year 2026 to be in the range of EUR 170-190 million (previously EUR 120-140 million) and an adjusted(1) EBITDA margin of 7.5-8.5% (previously 5.0-6.0%). Janoschka will be included on a pro rata basis for the fiscal year 2026 following closing. (1) Adjusted for extraordinary, prior-period and other effects, including impacts from reorganization measures and one-off items.