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Online retailer for heating finds growth investor

1.2022: The investment company VR Equitypartner, together with co-investors, acquires a significant share in Heizungsdiscount24 GmbH and, in addition to capital, will also bring extensive know-how in terms of process optimization and expansion to the partnership. Heizungsdiscount24 is an online dealer for heating technology and related accessories. The products are mainly sold to end customers and, what is probably the largest product range in Germanny, includes all well-known manufacturers. Skilled heating engineers are available to customers as hotline advisors, and on-site installation can also be arranged as an option via more than 35 partner companies. The sellers of the shares, the two company founders, want to create perfect conditions for further strong growth. They will remain involved in the company and part of the management team as part of the transaction. The long-standing managing director also participates in the Company. In the course of its company’s history, Heizungsdiscount24 has developed into one of the leading online retailers in the heating sector thanks to close relationships with suppliers, the development of high-performance logistics, intelligent online marketing and more than 500,000 satisfied customers. With currently around 100 employees, the company achieved an annual turnover of more than 65 million euros in 2020 and is recording strong growth.

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

Specialist for medical polymer materials resolves succession

12.2021: German DETAX, the leading specialist for medical polymer materials with appr. 110 employees, resolves ownership succession in form of a management buy-out. An consortium consisting of funds managed by ECM Equity Capital Management GmbH (“ECM”), PINOVA Capital GmbH (“PINOVA”) and Gilde Healthcare (“Gilde Healthcare Private Equity”) (together the “Investor Consortium”) has acquired a majority stake in DETAX Group. The two long-term managing directors, Mrs. Ursula Juretzki-Mangold and Mr. Ralf König, have invested alongside the Investor Consortium as part of the transaction. After more than 65 years of ownership, the transition from the owner family Regneri to the new owners has been completed. Together with the Investor Consortium, the management team will continue the successful development and will lead DETAX into the next growth phase.

As a specialist in polymer materials, DETAX offers its customers a comprehensive product portfolio of dental and otoplastic consumables. The group serves an international, broadly diversified and loyal customer base. End users of the products include dental practices, dental laboratories as well as audiologists and audio laboratories. The group operates in a non-cyclical, highly regulated market environment. Complying with such regulation, DETAX holds all relevant MDR certificates. This makes DETAX one of the first companies in the industry with an extensive MDR-certified product portfolio. The transaction is subject to merger control approvals and financial details are not disclosed.

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

E-learning platform for fishing with new investor

12.2021: Afinum acquires majority in Fishing-King and supports the market leader’s next phase of growth. Since it was founded in 2009, Fishing-King GmbH has developed into the leading e-learning platform for the fishing community in German-speaking countries. An expansion of the services for sustainable fishing is planned in the coming years. For this purpose, Fishing-King has agreed a partnership with Afinum, which will support the company in the next growth steps. A fund of Afinum Management GmbH is acquiring the majority in Fishing-King GmbH. Together with the founder Hubertus Maßong and the existing management team from Fishing-King, Afinum plans further growth through a higher penetration of the existing core markets, expansion into new markets and into adjacent product segments.

Fishing-King (www.fishing-king.de) is the largest fishing school in German-speaking countries and has developed the first officially recognized online courses for fishing licenses. The online course prepares interested parties fully, flexibly in terms of time and location for the state fishing examination. In addition, Fishing-King offers special online courses for water maintenance officers as well as online courses for processing caught fish or fishing for predatory fish. Since the launch of the first online preparation course in 2015, Fishing-King has supported more than 100,000 customers in Germany and Austria in preparing for the fishing exam. 137,000 fans have subscribed to the Fishing-King YouTube channel.

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

Gas and water meter company solves succession

10.2021: The European private equity house EMZ Partners takes a majority stake in Pipersberg, headquartered in Remscheid. Peter Fischer, who has been part of Pipersberg for over 28 years and who, together with around 120 employees, shaped the company’s success, will remain with the company in his role as managing director and stakeholder. Employees from the extended management team also have a significant stake in Pipersberg, which underlines the company’s future prospects for success and growth.
The company Hermann Pipersberg jr GmbH, founded in Remscheid in 1843, is the leading full-service partner for the utility industry in relation to the manufacture, calibration, certification and sale of gas and water meters. In addition, the company takes on extensive services, such as the reinstallation of meters, regular meter replacement, regulatory spot checks and repairs, as well as logistics. With a combination of its own and purchased solutions, the company offers digitized end-to-end services, including for remote reading (“Smart Meter Gateway”) of meter data. In this way, Pipersberg is significantly driving digitalization in the gas and water meter market. In recent years, Pipersberg has systematically expanded its product portfolio through industrial partnerships and through its own developments to include new, innovative products and has therefore been one of the leading full-service providers for gas and water meters in Germany for over 175 years.
Centum Capital provides this information as a market news, but has not been involved in the transaction.

IP telephony specialist acquires cloud telephony provider

09.2021: STARFACE, specialist for IP telephony systems, has announced the takeover of the cloud telephony provider TeamFON. TeamFON GmbH in Munich and STARFACE GmbH in Karlsruhe will be merged as sister companies under the umbrella of SF Technologies Holding. STARFACE has been a portfolio company of Maxburg Beteiligungen III GmbH & Co. KG since 2019, which accompanies the growth path of both companies.

TeamFON develops and markets an innovative multi-client and white label platform for cloud telephony in small and medium-sized companies. In future, the solution is to be integrated as a STARFACE white label into the STARFACE cloud portfolio, which has so far focused exclusively on single-client UCC solutions. TeamFON Managing Director Thomas Weiß will continue to manage TeamFON’s business and will strengthen the STARFACE management team around Florian Buzin, Barbara Mauve and Jürgen Signer as the fourth managing director.

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

Special vehicles manufacturer is solving succession

08.2021: Haspa Beteiligungsgesellschaft für den Mittelstand (Haspa BGM) takes a majority stake in HANSA Maschinenbau Vertriebs- und Fertigungs GmbH (HANSA) as part of a succession plan, thereby securing the continuity of the company in the spirit of long-term managing director Patrick Palsmeyer. He remains on board and will continue the successful growth course together with Haspa BGM. HANSA, which was founded over 70 years ago, was taken over by Norbert Palsmeyer and his son Patrick in 2013. They developed the handicraft business into a modern manufacturer of special vehicles with a technologically leading market position and a turnover of around 30 million euros. HANSA designs and manufactures multi-purpose equipment carriers in the “heavy duty” segment (e.g. for green space maintenance, leaf removal, street cleaning, winter service) and cemetery excavators. In both product groups, the company has a strong customer base, especially in the municipal sector.

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

Manufacturer of mobile stalls is growing

07.2021: The farmermobil Group, leading German manufacturer of mobile poultry housings with ca. 120 employees, will continue to grow, supported by investor BPE and the management team. Farmermobil based in Laer near Münster (“farmermobil”) is Germany’s leading manufacturer of mobile stalls for keeping laying hens and rearing broilers. The company has grown rapidly over the past few years and generated around € 20 million in sales in 2020. In order to take advantage of the excellent market prospects that are driven by the steadily increasing demand for regionally produced, sustainable food, the entrepreneurial family has expanded the group of shareholders. Two experienced entrepreneurs will take over the future management of the farmermobil group as managing partners in order to initiate the next growth steps and further develop the internationalization that has already started. They are supported by the German investment company BPE Unternehmensbeteiligungen, which has been specializing in succession planning in German medium-sized companies for over 20 years. In the foreground of the future strategy of the farmermobil group is the careful expansion of production capacities with the existing workforce at the current location in Laer while maintaining the proven corporate philosophy of the founder Franz-Heinrich Veltrup, who remains operationally and as a shareholder associated with the company.

Centum Capital has initiated this transaction and advised the buyer. For details >>click here<<

MBO at natural aroma chemicals manufacturer

07.2021: The management team of the Axxence Group acquires in a MBO along with capiton the leading natural aroma chemicals manufacturer from its founder. Axxence Group, headquartered in Emmerich, Germany, is a leading manufacturer and supplier of natural aroma chemicals (NACs) for the global flavour & fragrance industry. Today, Axxence employs around 120 FTEs and produces over 260 NACs, which are sold in over 35 countries to more than 240 customers.
Joost van Neck founded Axxence in 1986. He started the business with a pure trading entity and, through the years, developed it very successfully into a full scope manufacturer of natural aroma chemicals. Today, Axxence produces a wide range of natural ingredients for flavour and fragrance compounds which are used in the food & beverage as well as in the cosmetic & personal care industries. The Company operates two manufacturing plants in Slovakia. The sales and logistic functions are based in the headquarter in Emmerich.
As part of Joost van Neck’s succession planning, Axxence’s long standing and highly experienced management team, along with capiton, has acquired the group with the conviction to continue the growth story its founder has started 35 years ago.

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

Our global M&A alliance shows strong H1 2021

06.2021: Centum Capital is member of GCG Geneva Capital Group, the global network of independant M&A firms. The GCG Dealmakers Report H1 2021 has just been published: Across the globe, GCG members have closed 90 deals during the first six months of this year, with a cumulative value of over USD 1.1 bn (only disclosed deal values). M&A activities of the GCG network spanned across 10 countries and 16 different sectors.

The GCG Dealmakers Report | H1 2021 is available to download by >>clicking here<<

Productivity software maker teams with Cinven

06.2021: The private equity firm Cinven announces that it has agreed to make a majority investment in think-cell, the German developer of charting and layout software for PowerPoint for holistically streamlining professional slide production and thereby improving efficiency and quality when creating and editing presentations. Financial details of the transaction are not being disclosed.

Headquartered in Berlin, Germany, think-cell is the world’s leading productivity software for creating data-driven presentations in Microsoft PowerPoint, enabling users to generate sophisticated charts with ease while saving substantial time. think-cell also offers layout functions for automatically arranging text, graphic elements and images while scaling and aligning their content accordingly. The software has more than 800,000 end-users across more than 17,000 organisations globally. think-cell is used by 8 out of the 10 top global consulting firms, 80% of the Fortune 100, the entire DAX 30, and 9 of the top 10 US business schools.

think-cell was established in 2002 by co-founders Markus Hannebauer and Arno Schödl who will continue to be active members of the management team and will both remain significant minority investors in the business alongside Cinven. The partnership will combine the experience and quality of think-cell’s founders and the existing management team with Cinven’s international platform and expertise in driving and accelerating growth.

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