Target Businesses
Our target business is primarily a specialized manufacturing company, namely: economically healthy, successful suppliers to a niche market with global market leader potential. These companies will already be well-positioned in their segments and distinguished by their uniqueness, their profitability and their potential for international growth. We assume that the management team will remain in the company - at least for the duration of an appropriate changeover period.
Our envisaged acquisitions would ideally involve the employment of succession management, growth financing or Group spin-offs. As a first step, we would strive to achieve a majority shareholding as a minimum; the overall acquisition can then be completed in phases.
Target companies should report a maximum turnover of EUR 50 million.
A. Successors to profitable family-owned businesses
Owners of mid-sized businesses withdraw from the day-to-day management of their healthy company and relinquish their entrepreneurial responsibility as a partner. At the same time, they are also keen to retain the independence, identity and further development of their business in the long term. Notwithstanding the presence of a reliable second-level technical/management team, no appropriate successor is available.
Business Position
- Manufacturing business (preferably machinery construction)
- Strong market position in attractive niche markets
- Headquartered in the German-speaking economic region
- No dependence/low dependence on customers and suppliers
- Well-established second-level technical/management team
- At least 7 years' market presence
Financials
- Turnover EUR 5-30 million
- Above-average, sustainable profitability EBIT ≥ 10%
- Sound balance sheet
- Low debt equity ratio
B. Growth financing operations and Group spin-offs
Companies with a good niche market position are making plans to expand, to launch new products or to internationalize their field of business. Dependency on institutional capital funding is to be avoided: instead, their express preference is for capital investors with a long-term entrepreneurial outlook.
International corporations, on the other hand, wish to divest themselves of holdings that no longer match the core business of the company. These holdings are possibly experiencing a transition phase or a period of downturn. They are looking for committed owners with an entrepreneurial approach to fund their independent further development.
Business Position
- Manufacturing business (preferably machinery construction)
- Strong market position in attractive niche markets
- Headquartered in the German-speaking economic region
- No dependence/low dependence on customers and suppliers
- Well-established second-level technical/management team
- At least 7 years' market presence
Financials
- Turnover EUR 10-50 million
- Excellent potential for profits despite current slack phase
- Minimum profitability EBIT -5%
- Sound balance sheet
