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H.I.G. Backed Losberger Acquires MVD Eventos in Brazil

03/21/2013

Losberger Group accelerates international expansion through acquisition of leading tent rental company in Brazil

 

H.I.G. Europe portfolio company Losberger GmbH acquired a majority stake in MVD Eventos, a leading tent rental company for Brazil’s premium event segment. No financial details were disclosed.


MVD Eventos, headquartered in Rio de Janeiro, is one of the leading tent rental companies in Brazil. The company is focused on premium events in the areas of marketing, sports, culture and art in Rio de Janeiro and São Paulo. The company has built an excellent reputation through the engagement of major events such as the Pan American Games, Soccerex, Trophy Tour, Rock in Rio and Red Bull Air Race. Moreover, the Managing Partners of MVD Eventos, who will stay on board after the acquisition, have extensive experience in the Brazilian event industry.


Berndt H. Zoepffel, CEO of the Losberger Group, comments: “Through the acquisition of MVD Eventos, Losberger is ideally positioned to benefit from the numerous major events coming up in Brazil, including World Youth Day 2013, Confederations Cup 2013, FIFA World Cup 2014 and the Olympic Summer Games 2016. Besides, we are convinced that the rapidly growing market in Brazil will provide interesting long-term growth opportunities for Losberger beyond these major events."


Dr. Klaas Reineke, Director at H.I.G. and chairman of the advisory committee, added: “Management and H.I.G. are committed to the strategy to become the world’s leader in temporary space solutions through both organic growth and strategic acquisitions. After the acquisition of container specialist GRAEFF in August 2012, MVD Eventos is already the second add-on acquisition of Losberger since the backing of H.I.G. These acquisitions demonstrate how we consequently follow through with our growth strategy, on an international level as well.”