Gimv invests in workpiece carriers company

06.2022: The investment company Gimv becomes majority owner of workpiece carrier specialist Variotech. Variotech is Germany’s leading manufacturer of innovative workpiece carriers, which are primarily used in fully automated manufacturing processes for transporting and handling components of various forms and sizes. The company’s customized products predominantly comprise reusable, exceptionally durable workpiece carriers that are manufactured almost exclusively from recycled materials by thermoforming.

Established in 1998, Variotech (www.variotech.de), which is headquartered in Nordhorn/Germany, has developed into a successful automation technology specialist in recent years. Variotech’s products are not just critical for transportation within or between sites, but are in particular supporting automated operations during optimised production processes by using individual geometries. Sensitive workpieces such as PCBs or electrical sensors can be safely stored, transported, and precisely positioned. High packing density, stability, torsion resistance and electrostatic discharge are just some of the system’s key attributes and product benefits.

In addition to the continued growth in the European home market, the company defined an ambitious expansion strategy for  North America with its recently established subsidiary in Indianapolis.

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

Cloud services provider on growth track

05.2022: A fund of Afinum takes a majority stake in Hartl Group GmbH with ist subsidiaries Adcom Computertechnik GmbH, CPL 24 GmbH and CPL 24 Asset & License Services LLC (“Hartl Group”). Hartl Group GmbH is one of Germany´s leading provider of comprehensive and customized „managed cloud services“, operating ist own state-of-the-art and energy efficient data centre at the highest level of certification standards.

Together with the company’s founder Peter Hartl, who will remain on board as CEO, and the existing management team, Afinum is planning further growth through acquisitions, the further development of new customers in focus markets such as the healthcare sector, a higher penetration of existing customers and a broadening of the range of services.

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

Skin visualization technology company partners with EMZ

04.2022: EMZ Partners acquires the majority of FotoFinder, the leading provider of skin visualization technology for early skin cancer detection and aesthetics. Founded in 1991, FotoFinder offers products and services to dermatologists, dermatology clinics, hospitals, screening centers and research institutes. The solutions sold combine proprietary AI-based software with industry-leading Automated Total Body Mapping capabilities as well as video dermoscopy devices, forming integrated system solutions for skin imaging. The company fosters close collaborations with universities and opinion leaders in dermatology, and, through its FotoFinder Online Academy, enjoys access to a global network of dermatologists, supplemented by a service portfolio including maintenance, trainings and second opinion services.

Co-Founder and main shareholder Rudolf Mayer withdraws from his shareholding position and entrusts the future success of FotoFinder to co-founder Andreas Mayer, further Mayer family members as well as selected management team members. All of the latter reinvest a significant portion of their proceeds or become new shareholders. Completion is expected to take place in Q2 2022.

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

Family Trust acquired hydraulic, sensors and controls company

3.2022: German investors advised by Family Trust have acquired Tiefenbach Control Systems GmbH, a leading manufacturer of resilient electrohydraulic systems, sensors and control software for mechanical and plant engineering. From the Bochum/Germany location, the company supplies customers worldwide and has an export rate of over 90%. Sales of around EUR 35 million are expected in the current financial year. Tiefenbach Control Systems employs around 70 people at its headquarters in Bochum and has additional offices in Tianjin (China), Novosibirsk (Russia) and Morgantown (USA). The company covers the entire value chain, from the design of customer-specific solutions in electrohydraulics, production, integration with own sensors and own control software, to long-term life cycle management through repairs and spare parts.
As part of the transaction, FTI took over 100% of the shares in Tiefenbach Control Systems GmbH from the Knapheide family. Family Trust intends to support the continued growth of the company by developing additional geographic markets and products in related business areas. Centum Capital is passing on this public information to third parties as news from the M&A market and was not involved in the transaction.
Centum Capital provides this public information as a market news, but has not been involved in this transaction.

Deconstruction/demolition specialist goes with investor

02.2022: Funds advised by DPE have invested in DARE Group, Germany. DARE specialises in deconstruction/demolition and pollutant remediation work as well as the disposal of construction waste. The company is one of the leading providers of construction waste disposal services in the greater Berlin area, with more than 70 employees and a 22,000 m² treatment plant for hazardous and non-hazardous waste with corresponding storage facilities in accordance with German environmental law. The managing partners Robert Schliewin and Christopher Schmidt-Bleek will continue to manage the company as co-owners and implement the growth and consolidation strategy together with DPE.

DARE provides a wide range of integrated construction and disposal services and can therefore reliably execute challenging and complex projects. Under the current management, DARE has more than tripled its output since 2014 and earned a reputation as a quality leader. With the active support of DPE, DARE will continue to invest in the expansion of local capacities and actively shape the consolidation process of the industry in metroplitan areas across Germany.

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

Our global M&A alliance shows a strong year with 178 deals done

01.2022: Centum Capital is member of GCG Geneva Capital Group, the global network of independant M&A firms. The GCG Dealmakers Report for 2021 has just been published: Across the globe, GCG members have closed 178 deals in 2021, with a cumulative value of over USD 1.7 billion (only disclosed deal values). M&A activities of the GCG network spanned across 11 countries and 18 different sectors.

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

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.