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Gilde Buy Out Partners buys a majority stake in Losberger

14/09/16

 

The Dutch private equity fund Gilde Buy Out Partners has acquired a majority holding in Losberger from H.I.G. Capital LLC, which had invested in Losberger since 2011. We will successfully continue on our course for international growth with our new partner. The entire management team is staying on board and will hold a significant proportion of the company.


When the previous majority shareholder, H.I.G. Capital, first invested in Losberger in 2011, the Group’s gross revenues were €118 million. In the last five years these have developed to €207 million. Alongside healthy organic growth, posted both domestically and abroad, domestic and foreign acquisitions have ensured this rise. Today, the Group offers a comprehensive programme of temporary, semi-permanent and also permanently usable buildings. As a system integrator Losberger now no longer supplies just tents, halls, containers and modular buildings, but on request also their infrastructure, fittings and all services required for operations. Entire camps including operating facilities and staff are also offered.


The new majority shareholder, Gilde Buy Out Partners, will actively accompany the growth course embarked on by Losberger. Gilde Buy Out partners is an investor whose portfolio predominantly consists of medium-sized companies. It is among the leading European private equity funds in its sector.
The purchase is currently awaiting the approval of the cartel authorities. It is expected that the transaction will be finally completed in September.


Statements:


Berndt Zoepffel, CEO Losberger:

"During the successful partnership with H.I.G. Capital, the Losberger Group has grown extensively and doubled its revenue size due to both strong organic growth and five completed add-on acquisitions in Germany and abroad. Now, the Losberger management team is delighted to have Gilde as partner for the next growth phase of Losberger. Together with Gilde we are confident to further increase revenues substantially, extend our innovation leadership, increase global system sales and pursue proactive consolidation of core markets."


Rogier Engelsma, Partner at Gilde

"The acquisition of Losberger represents an attractive investment opportunity in one of the leading players in the industry. We are impressed with the way management has been able to build a strong platform through autonomous growth as well as selective acquisitions and are delighted at the prospect of working with management and supporting them in accelerating the execution of the company's strategy."


About Losberger

Losberger is among the leading companies in the field of temporary and semi permanent buildings, while also supplying buildings for permanent use in some market sectors, such as industry and local authorities. Among other solutions, the programme includes halls with aluminium or steel structures, warehouses, refugee shelters, modular buildings, tents, hangars, field hospitals, field camps and temporary airport buildings. Losberger was founded in 1919 by Friedrich Losberger and has today evolved into a full service provider. Turn-key projects such as fully-equipped field hospitals, supply depots, university buildings, airport terminals or refugee camps have been successfully designed and executed worldwide.


The group’s headquarters, together with Losberger GmbH are located in Bad Rappenau, Heilbronn. Its worldwide activities are conducted via five production sites and 14 sales offices, with partners in over 100 countries. The group has its own subsidiaries in France, England, USA, Brazil and China. Losberger employs over 800 staff worldwide, 245 of whom work at Losberger GmbH, based in Bad Rappenau.


About Gilde Buy Out Partners

Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions with operations in the DACH region and the Benelux. Gilde manages funds in excess of EUR 3 billion and has offices in Zurich/Frankfurt, Utrecht and Brussels. Since its inception in 1982, Gilde has invested in over 250 companies across a diverse range of sectors.


With EUR 1.1 billion, the current investment fund Gilde Buy Out Fund V is among the largest dedicated mid-market buy-out investment funds in Europe. Gilde controls majority shareholdings in, amongst others, companies like amor, Royal Reesink, Comcave, RIRI, Eismann, Royal Ten Cate, Teleplan and Enkco.