capiton acquires majority stake in Betonbau Group

capiton acquires a majority stake in the Betonbau Group alongside its experienced management team, Mr. Volker Ernst and Mr. Thomas Sachers, from the SCHWENK Group in a carve-out transaction.

Betonbau Group, headquartered in Waghäusel, Germany, was established in 1963. The name “Betonbau” goes back to its foundations when the company focused on the production of concrete enclosures for local electrical substations.

Today, Betonbau is the largest German player in the attractive niche markets of turnkey technical stations such as transformer stations for power grids, charging infrastructure for e-mobility and point of presence/ POP stations for telecommunication networks. The company successfully expanded its operations to all stages of the value chain, including planning and engineering, production of the enclosures and different metal components, assembly of the electronical components as well as transportation, installation, and ultimate replacement/refurbishment of old technical stations. The group employs a total of 900 FTEs across four sites in Germany and one site in the Czech Republic, manufacturing its products for more than 1,000 public and private customers.

Betonbau’s key differentiating factors are its market leading quality, its strong track-record in serving various different segments and long-term customer relationships, its ability to execute large contracts for a broad product portfolio and its strong vertical integration. Additionally, Betonbau’s strategically well-positioned production sites optimize the geographic coverage and underpin its market-leading position.

Thomas Sachers and Volker Ernst, managing directors of Betonbau commented: “Over the past years, together with our employees and a cultural change, we have been able to successfully develop Betonbau to the clear market leader for turnkey technical stations. We look forward to continuing this strong growth trajectory via further geographical expansion, buildout of new, fast-growing segments as well as inorganic growth. With capiton, we have found a strong financial partner to accelerate this growth strategy.”

Christoph Spors, partner at capiton added: “We are delighted to be the partner of Betonbau, a real hidden champion with a strong technological footprint. Betonbau will be a key-player in the energy transition (“Energiewende”) that will benefit from the long-term growth in demand for energy caused by the booming e-mobility market and the replacement of fossil heating energy with electrical energy, for instance. Betonbau‘s intelligent transformer stations will indeed play a crucial role in providing energy ranging from conventional to decentralized green energy supplies to households all over the country.”

Transaction summary

Financing of the transaction is provided by capiton’s most recent investment vehicle, capiton VI fund, which held a final close at € 504 million in November of this year. Additional funds have been reserved to finance both organic and inorganic growth initiatives. Sellers and buyers have agreed not to disclose the financial terms of the transaction. capiton was advised by BMH Bräutigam and Ashurst (legal), BET (commercial), Deloitte (financial & IT), EY (tax & structure), Lincoln International (debt advisory), Marsh (Insurance), Tauw (Environmental and ESG) as well as by senior industry professionals.

Pressemitteilungen

We are delighted to announce that our portfolio company EVP Group is combining forces with Vitafy Brands. Founded in Munich in 2014, Vitafy Brands has grown to be a leading consumer health D2C online platform for its own brands focusing on the development and offering of functional Consumer Health OTC products for health focused customers. […]

capiton successfully closes fund VI at €504 million Largest fund in the company’s history Approximately €260 million, including co-investment, already deployed in seven portfolio companies Fund to continue successful deployment in capiton’s focus sectors Pharmaceuticals, Medical Technology, Industrial Technology and Responsible Consumption   Berlin, 24 November 2021 – capiton AG (“capiton”), a leading owner-managed private […]

capiton acquires a stake in Solvis, a sustainable heating pioneer, backing the members of the management team which remain significant shareholders in the company. Solvis is headquartered in Braunschweig, Germany. The company was founded in 1982 and retains its operations in a factory which has been inaugurated as the first zero-emission-facility in Germany in 2002. […]

BIOGGIO, SWITZERLAND – October 4, 2021 – The KD Pharma Group has acquired a 51% stake in Trigal Pharma, a company specialized in clinical research, development and marketing of medical cannabinoids, such as Cannabidiol (CBD) in a highly-purified form. “Trigal has successfully and profitably grown by being a first mover in the API market for […]

capiton acquires the majority stake in Kutterer Mauer AG, backing one of the founders, Mr. Mauer in continuing the growth story of the company. Mr. Mauer as well as other management members invest alongside capiton. Kutterer Mauer AG is a globally operating manufacturer of caps and closure solutions with >450 employees. The Group designs and […]

capiton has successfully closed a new top-up single-asset fund for its fast-growing portfolio company KD Pharma Group („KD Pharma“). This top-up fund will provide KD Pharma with the equity financing for a number of additional strategic investments, in particular add-on acquisitions as well as organic growth initiatives to transfer KD Pharma‘s unique technology and service […]

We are delighted to announce the successful acquisition of 4PICO Litho by Raith. Raith, the leading global manufacturer of precision technology for nanofabrication instrumentation, has expanded its product offering by adding direct write laser lithography systems – manufactured by 4PICO Litho – to its business strategy. In 2004 4PICO Litho, located near Eindhoven (NL) started […]

capiton acquires majority stake in Stürtz Group. Stürtz Group, headquartered in Neustadt (Wied), Germany, is a market-leading designer, producer, and marketer of automated solutions for the window production industry across the globe. The company generated approximately EUR 46 million in sales in 2020 and employs around 270 FTEs across five locations globally. Stürtz’ product portfolio […]

Dec Group acquires Extract Technology We are delighted to announce the successful acquisition of Extract Technology by Dec Group. Extract Technology is a leading provider of containment and aseptic systems for the pharmaceutical, biotech, nuclear and chemical markets. Extract is headquartered in Huddersfield (UK) with a second facility in New Lisbon (US), serving the fast-growing […]

capiton acquires majority stake in Axxence Group The management team of the Axxence Group acquires in a MBO along with capiton the leading natural aroma chemicals manufacturer from its founder, Joost van Neck. Axxence Group, headquartered in Emmerich, Germany, is a leading manufacturer and supplier of natural aroma chemicals (NACs) for the global flavour & […]

EVP Group acquires Group Korott We are delighted to announce the successful acquisition of Group Korott by EVP Group. Group Korott is a leading manufacturer and distributor of vitamins, minerals, natural cosmetics, as well as sport supplements for the Spanish consumer healthcare market. In addition to its store-brand partnering business, Korott has its own brand […]

Engelmann, with headquarters in Wiesloch, Germany, is the leading European manufacturer of smart heat meters for the sub-metering industry.