Management and Gilde Buy Out Partners acquire Losberger
Bad Rappenau (Germany) – Funds advised by Gilde Buy Out Partners ('Gilde') announce the acquisition of Losberger GmbH ('Losberger') from funds advised by H.I.G. Capital, LLC ('H.I.G.'). Pursuant to the transaction, the management team of Losberger will become a significant shareholder in the company. The new shareholders intend to further support the company's growth trajectory initiated during the ownership of H.I.G. The terms of the agreement have not been disclosed.
Losberger, headquartered in Bad Rappenau, is a manufacturer of temporary (short-term and semi-permanent) space solutions. The company operates 5 production facilities and 14 sales offices globally. Losberger has a broadly diversified customer base including corporate customers, event organizers and rental companies, municipalities, government agencies, supranational organizations and NGOs.
In order to support Losberger during its next phase of development, management has chosen to partner with Gilde, a well-established financial investor with a strong track record in developing mid-market companies in Europe. The new investor fully supports the growth strategy envisaged by management, which centers on commercial footprint enlargement, further internationalization, continued product development, particularly across segments, and buy-and-build.
Berndt Zoepffel, CEO of 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, confirms:
"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."
The transaction is subject to approval by the relevant anti-trust authorities.
The Losberger Group is one of the leading providers of temporary and semi-permanent space solutions including aluminum and steel halls, warehouses, housing units, room modules, tents, hangars, shelters, field hospitals, and many more. Founded in 1919 by Friedrich Losberger it has since expanded into a full-service provider. Successful turnkey projects include the realization of fully equipped field hospitals, base camps, university campuses, airport terminals and refugee camps.
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. For more information, please visit www.gilde.com.
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