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Tools maker for mechanical surfaces sold to investor

01.2021: Funds of PINOVA Capital acquired the German based ECOROLL AG Werkzeugtechnik. ECOROLL is a leading supplier of tools and machines for mechanical surface improvement of metal components. The product portfolio comprises self-engineered tools and machines for roller burnishing and deep rolling, as well as processing cylinders. In close cooperation with customers in manifold industries, ECOROLL develops solutions that ensure high-quality surfaces and prolonged lifespans of metal components while streamlining manufacturing processes. ECOROLL employs 85 people and produces exclusively in Celle, Germany. The company also has a sales office in Cincinnati, USA.

PINOVA acquired the company together with the management in January 2021. Dr. Karsten Röttger, long-standing CEO, has significantly expanded his existing shareholding in ECOROLL as part of the transaction. Dr. Röttger and PINOVA will continue to drive the company’s growth and develop ECOROLL further into an international full-range supplier for mechanical surface finishing.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

 

Medical workwear company with new investor

12.2020: Paragon Partners, together with French co-investor Chequers Capital, has agreed to acquire a majority stake in 7days Group, a leading supplier of medical workwear. The management team, led by CEO Ulrich Dölken, will significantly re-invest as part of this transaction.

7days was founded in 1999 in Osnabrück/Germany and is now a leading supplier of modern and innovative workwear for medical professions. 7days designs, produces and distributes a wide range of high-quality workwear, from tunics to lab coats, for more than 300,000 customers in the healthcare sector in twelve countries, including Germany, Austria, Switzerland, France, Belgium, the Netherlands and Scandinavia. 7days has a vertically integrated business model with diversified supply chains and distributes its products through a fully integrated multi-channel distribution platform, including both catalog marketing and e-commerce channels. This has enabled the company to achieve consistent growth in its German home market and internationally. Today, 7days employs 240 people and is expected to generate sales of over €40 million in 2020.

With the support of its new majority shareholders, Paragon and Chequers, 7days plans to further accelerate its growth trajectory in Germany and the rest of Europe in the coming years. 7days will benefit from continuing strong market trends such as the increasing professionalization of medical workwear and increased hygiene awareness in the wake of the Covid-19 pandemic, which promise future growth potential in a fragmented market.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

EQT acquires SaaS construction intelligence platform

11.2020: EQT as acquired a majority stake in thinkproject, Europe’s leading SaaS provider of construction intelligence solutions for the Architecture, Engineering, Construction and Owner-operated (AECO) industry. thinkproject helps improve its customers’ delivery times, reduce waste and energy consumption, while improving sustainability in one of the key carbon emitting industries globally. Its software product suite covers the full construction lifecycle and is driving digitization in one of the largest but least digitally penetrated industries.

The EQT IX fund has acquired the majority stake from TA Associates and founder Thomas Bachmaier. TA, Thomas Bachmaier and the management team will re-invest significantly into the Company in the context of this transaction. thinkproject’s management team, led by CEO Gareth Burton and CFO Ralf Gruesshaber, will continue to lead the Company and build on its strong track record of growth and innovation.

Founded in 2000 and headquartered in Munich, thinkproject serves more than 250,000 users in over 60 countries. Its cloud-delivered, integrated digital solutions help customers be more efficient, cost-effective and simplify their digital transformation across the construction lifecycle. The Company employs around 450 people and its software is used by 2,750 customers across international private and public asset owners, project developers, and general contractors.

thinkproject’s underlying end market, the construction industry, is one of the largest and least digitized industries globally. EQT intends to support the current direction taken by the management team by further growing the Company’s global customer base, backing product extension, geographical expansion and supporting a consolidation of the fragmented construction software space. thinkproject is expected to leverage the full EQT platform during its next phase of growth, including EQT’s digital and sustainability expertise, local-with-locals presence across Europe and Asia-Pacific, and domain experience. Moreover, the Company will be supported by the EQT Network, including advisors from EQT’s software, real estate and infrastructure space.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

 

British food processing equipment maker sold

10.2020: Germany based Schenck Process Group (SPG) has reached an agreement to acquire Baker Perkins, a leading global supplier of food processing equipment and aftermarket services for the bakery, confectionery, biscuit, cookie and cracker, breakfast cereal and pet food end-markets. Headquartered in Peterborough, United Kingdom, Baker Perkins serves a diverse & growing mix of customers across the food industry globally.

This acquisition is a continuation of SPG’s strategic focus to further extend its global offering for the food end-markets. It will significantly strengthen European capabilities in the food processing and equipment sector, broaden our product offering in the Americas and provide opportunities for growth across the Asia Pacific region. We will build upon the knowledge, experience and customer relationships of the Baker Perkins team to support future growth, whilst remaining fully committed to existing facilities in Peterborough and Grand Rapids, Michigan.
Upon completion, the business will continue to be run by the existing managing directors as part of the SPG regional business structure.
The transaction is expected to close in Q4 2020.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

Kids’ bike maker finds financial partner to grow

10.2020: Bregal Unternehmerkapital takes a stake in woom, the innovative manufacturer of kid’s bicycles. In addition to the two founders and managing directors, who still hold the majority in the company, Bregal joins the company with several private co-investors such as Runtastic founder Florian Gschwandtner. They all share a common understanding of sustainability, responsibility and enjoyment of the product.

woom was created in 2013 in a garage in Vienna, when cycling fans Christian Bezdeka and Marcus Ihlenfeld started developing a kid’s bike that should make learning to ride a bike as easy as possible. Today woom employs around 100 people at its headquarters in Klosterneuburg / Austria and produces more than 200,000 kid’s bikes annually. The range includes innovative running bikes and bicycles that grow with the kid and make learning to cycle easy, safe and intuitive. In the meantime, off-road bikes and e-mountain bikes as well as well thought-out accessories have also become an essential part of the product portfolio.

With this year’s growth of 60 percent, the high demand for woom bikes exceeds supply: In order to be able to handle the volume, production is to be set up in Europe in addition to the existing locations in Asia from December 2020. Due to the geographical location of the planned new production site, production and demand are moving closer together in line with woom’s sustainability strategy. Areas such as digitization, e-commerce, community building and organizational development are also to be further strengthened in order to substantially support woom’s rapid growth.

Secure messaging provider with financial partner

09.2020: The fund of Afinum invests in Threema GmbH. Together with the founders, who will retain a significant share in the business, Afinum is going to support the continuation of the strong historic growth.  In partnership with Afinum, the company is striving to further strengthen its market position as the leading European secure messenger for corporate and private customers.

Threema (www.threema.ch), based in Pfäffikon (Switzerland), is a leading European provider of secure messaging for private customers, organizations and corporates. Threema consistently focuses on data security and customer privacy. Different to other commercial messaging solutions, Threema’s software neither stores metadata nor chat content centrally. Threema’s B2C solution is used by customers in over 90 countries, while the B2B corporate messaging solution Threema Work has become the market leader in the DACH region and is used by numerous DAX 30 companies, administrations, NGOs and educational institutions.

Threema was founded in 2014 by software engineers Martin Blatter, Manuel Kasper and Silvan Engeler, who will continue to lead the company. Through the partnership with Afinum, Threema lays the foundation for continuity and gains additional resources to grow beyond the German-speaking part of Europe. Threema is continuously improving its software product and adding new features, in order to enhance customer experience while providing the most secure messaging solution. Through an innovative multi-device solution, to be launched over the coming months, customers are going to be able to use Threema on several devices in parallel, without leaving traces of personal data on servers. Additionally, Threema is going to become fully open source, which allows anyone to independently review Threema’s security and verify, that the published source code corresponds to the downloaded app.

Centum Capital provides this third party information as a M&A related news, and has not been involved in this transaction.

Industrial microwave and plasma technology acquired

08.2020: HQ Equita (Harald Quandt Group) acquires a majority stake in MUEGGE GmbH from MEYER BURGER TECHNOLOGY AG. MUEGGE is one of the leading manufacturers of industrial mission critical microwave components, systems and plasma sources in German-speaking Europe. Based in Reichelsheim, Germany, MUEGGE employs appr. 120 people and provides innovative solutions for a range of industrial applications including the production of food, artificial diamonds and semiconductor components, for drying processes, for chemical molecule extraction and for the production of hydrogen. The agreement is subject to customary closing conditions and must still be approved by the authorities in Germany.

Centum Capital provides this information as a market news, but has not been involved in the transaction.

Investor buys generic pharmaceuticals company

07.2020: Financial investor capiton takes over CNP Group, based in Germany. CNP is an international manufacturer and distributor of generic pharmaceuticals with a focus on anti-infectives. In addition to antibiotics, CNP offers over-the-counter medicines and medical devices. Most of the products are manufactured at the company’s two production sites in Saarland, Germany. CNP owns marketing authorizations for approx. 400 pharmaceutical products and generates revenues of more than € 40 million with approx. 250 employees. The group is active in 19 countries.

In cooperation with the management team and supported by industry experts, capiton plans to leverage the company’s substantial local production capacity and international footprint to further strengthen CNP´s leading position in target niche markets. CNP Group has been acquired from the founding family and additional funds have been reserved to finance both organic and inorganic growth initiatives in Germany and abroad.

The transaction remains subject to approval from competition authorities.

Consultant for transformation processes with new investor

07.2020: AUCTUS Capital Partners invested in BlinkLane Consulting. AUCTUS will support the management regarding their ambitious growth strategy, including international acquisitions. The fast-growing companies BlinkLane Consulting and Gladwell Academy have received a growth investment from funds managed by the German investment company AUCTUS Capital Partners AG. AUCTUS will support the Management of the companies in the execution of international buy-and-build strategy. With this transaction, AUCTUS is acquiring an interest in the Dutch business, which has its headquarters in Amsterdam as well as branches in Paris and Bangalore.

Founded in 2007, BlinkLane offers high-value consultancy services to corporates and governments, with an emphasis on innovation and organizational transformation. In 2014, it added training and events to its portfolio in technology, strategy and organisation under the Gladwell Academy label. Driven by digitization and the urgent need for companies to increase their agility and reduce time to market, the market for organisational transformations with a focus on ‘Agile’ has grown spectacularly. Independent market research shows that the Dutch market for Agile Transformations is still far from saturated, with annual growth levels of 10% to 15% expected over the next five years. The Netherlands has a leading position in the field of Agile Transformations and, together with the Nordics, is a leader in Europe. The German and French markets are developing rapidly and are catching up, with expected growth rates of 15% to 20% over the same period.

The explosive market growth at the European level, along with increasing demand both in the Netherlands and abroad, prompted BlinkLane to search for a strong partner. After discussions with various European investment companies, AUCTUS was ultimately chosen. AUCTUS and the Management plan to invest significantly in further acquisitions in the field of transformational consulting and digitization, primarily in Germany, France and the Netherlands.

BlinkLane is one of the leading players when it comes to Agile Transformations, and has already carried out some 30 major transformations at leading companies. With this infusion from AUCTUS, a party with a proven track record in buy-and-build, the conditions have been created for BlinkLane to become number one in the field in Europe.

Centum Capital initiated this transaction and advised the buyer in 2020. For details click here

John Deere sells German lawnmower business

06.2020: Mutares SE & Co. KGaA has signed an agreement to take over SABO Maschinenfabrik GmbH, one of the leading manufacturers of lawn mowers and other outdoor power tools. The seller is the US group Deere & Company (John Deere). SABO is one of the leading brands for high quality handheld lawnmowers and portable power tools in Europe. SABO manufactures lawnmowers and other power tools for outdoor use and markets them to homeowners, municipalities and gardening and landscaping companies. SABO, based in Gummersbach, Germany, was founded in 1932 and has been a subsidiary of Deere & Company since 1991. SABO employs approximately 125 people.

SABO will retain ownership of its brand assets and operations in Gummersbach. The company will continue to produce handheld lawnmowers and portable outdoor power tools and will sell these machines through its existing network of more than 1,100 dealers in Germany, Austria, Belgium, the Netherlands, Switzerland and Slovakia. According to Deere and Mutares, employees, customers, suppliers, dealers and distributors should hardly notice any changes in daily operations.

The transaction is expected to close by the end of July 2020.

Centum Capital provides this information as a market news, but has not been involved in the transaction.