News – DUBAG Group

Successful sale of Holzwerke Pfarrkirchen by LEO II. Fund to DEBA

12. January 2023

Munich, January 2nd, 2023 – The investment fund Lenbach Equity Opportunities II. GmbH & Co. KG (“LEO II. Fund”), exclusively advised by DUBAG Group in Munich (“DUBAG”), has successfully sold its 100% stake in Holzwerke Pfarrkirchen GmbH (“HWP”) to the Munich based DEBA Group (“DEBA”) with closing today.

About HWP:

Holzwerke Pfarrkirchen GmbH is one of the leading suppliers of premium timber construction products with a focus on solid structural timber (KVH®). Glued laminated timber (glulam and laminated beams) and scaffold panels complete the comprehensive product range. Since its founding in 1939, the company has been producing at the site of Pfarrkirchen on more than 72,800 square meters, employs around 110 people and generated a total output of EUR 65 million in 2021.

In March 2020, Holzwerke Pfarrkirchen GmbH was acquired by the LEO II. Fund from the stock listed Stora Enso Oyj group. The separation from the group and the establishment of independent, medium-sized structures were successfully completed in less than a year. In addition, since the takeover by the LEO II. Fund, significant investments have been made in the sustainability of the location. Examples of this are the acquisition of a MICROTEC GOLDENEYE scanner based on artificial intelligence and the construction of an environmentally friendly combined heat and power plant with its own power generation, which is currently being implemented. The digitalisation of all processes, from order management to scheduling, has also always been a focus and has contributed to the company’s leading position in the industry.

“We are very happy about the continuously successful development of HWP since it was taken over by the LEO II. Fund. We are particularly pleased that with the DEBA Group, led by Dr. Heckelmann, there is now a new owner who will continue this successful development at the site, investing further in sustainable building materials of the future,” says Christoph Moedder, partner of the DUBAG Group and managing director of the LEO II. Fund.

About LEO II:

The LEO II. Fund was launched in 2019 by the initiators and with capital commitments from institutional investors to acquire and strategically reposition companies in special situations. The takeover of units from listed groups is one of the most common special situations in which the LEO II. Fund, exclusively advised by DUBAG Group (www.dubag.eu), is involved.

About DEBA:

The DEBA Group, headquartered in Munich and managed by Dr. Sebastian Heckelmann, has been successfully active as a property developer, especially of residential real estate, since the 1960s. Since 2004, the DEBA Group has concentrated on existing properties and their further

DUBAG welcomes Jennifer Micheller to the team

22. November 2022

Jennifer is an office manager and executive assistant at DUBAG. With her bachelor’s degree in Event Management and her professional experience at Käfer Party Service, she is ideally suited to handle the multitude of tasks that require thorough, yet quick decision making and decisive action taking.

DUBAG welcomes Marvin Brian to the team

7. November 2022

On October 1st 2022, Marvin Brian joined the DUBAG team as Operations Manager.

Marvin graduated from SRH University in Heidelberg with both a bachelor’s and a master’s degree specializing in special situations and turnaround management for medium-sized companies (“Mittelstand”). Read more

Case Study: Holzwerke Pfarrkirchen

26. October 2022

In 2020, our LEO II Fund – advised by DUBAG – acquired Holzwerke Pfarrkirchen from the Finnish-Swedish conglomerate Stora Enso. The DUBAG team conducted the carve-out of the producer and distributor of structural/construction timber, establishing Holzwerke Pfarrkirchen as a successful stand-alone entity.

Watch our Operations Executive Dr. Oliver Bensch and the DUBAG Partner and Head of Operations Florian Hitzer share their experiences with the carve-out of Holzwerke Pfarrkirchen.

A short video about a long-term success story:

About Holzwerke Pfarrkirchen:

Holzwerke Pfarrkirchen in Pfarrkirchen is a premium construction timber supplier, with a team of 100 wood enthusiasts is ready to meet the customers’ every need, combining outstanding service with consistently high product quality. A production capacity of 175,000m³ p.a., advanced, high-tech plant and sophisticated warehouse logistics, enable Holzwerke Pfarrkirchen to process individual customer requests quickly and flexibly. Learn more about Holzwerke Pfarrkirchen here.

DUBAG to acquire Emitec from Vitesco Technologies. Signing as of October 6th 2022

10. October 2022

Munich, October 6th, 2022 –Lenbach Equity Opportunities II. GmbH & Co. KG (LEO II Fund), which is being advised exclusively by DUBAG Group, has signed a contract to acquire Vitesco Technologies’ catalysts and filters business, Emitec. The acquisition of Emitec – a company focused on the manufacturing of catalysts and filters for the automotive industry, contributing to the purification of exhaust gases from internal combustion engines – marks a new, independent beginning for the company that celebrated its 35thanniversary this year. 

The current management team, all 940 employees as well as all sites (Lohmar and Eisenach in Germany and Pune in India) will be taken over. The intended transaction is expected to close in the first half of 2023 and is subject to regulatory approvals being granted and fulfilment of other customary closing conditions.

Rolf Brueck, Vice President Catalysts and Filters is convinced that the transaction will have exclusively positive effects for all partners: ” The pace of regulation varies from one region to another. This calls for a great deal of flexibility on the part of the industry. As an independent company, we will have more freedom to react quickly and individually to the many different requirements. We will be able to better position ourselves globally as an important partner for clean electrified combustion. In addition, we have the possibility to strengthen our activities in the non-Automotive sector.”

DUBAG is looking forward to welcoming Emitec to our portfolio. We are convinced that Emitec, once again becoming an independent legal entity – as it was prior to its acquisition by Continental AG in 2014 – will be able to exploit its full potential to continue to grow with a focused and competitive product portfolio as an important partner for the automotive industry.

DUBAG welcomes Maximilian Thiel to the team

5. October 2022

Having previously worked as an M&A professional at Ebner Stolz Management Consultants, specializing in M&A advisory and restructuring, Maximilian Thiel gained profound experience in corporate carve outs and other special situation transactions for German medium-sized companies („Mittelstand“) and private equities.

He graduated from Ludwig-Maximilians-University in Munich with both a Bachelor of Science and a Master of Science specializing in international taxation and accounting. Currently he is working on his PhD in the area of family business crises at the University of Bamberg. His academic as well as professional experience make Max a great fit for DUBAG´s investment team.

We are delighted to welcome Max to the team and look forward to a successful collaboration!

Catensys: Carve-out of Schaeffler´s global chain drive business successfully completed

14. July 2022

The closing of the transaction on July 1, 2022 marks the successful carve-out of the chain drive business from former owner Schaeffler. The business unit consisting of 9 sites and 560 employees, is now operating under the branding Catensys. Read more

DUBAG acquires ALBA Facility Solutions GmbH. Closing per June 30th 2022

7. July 2022

Munich, July 5^th 2022- DUBAG Group is proud to announce a newly closed transaction within their exclusively managed LEO II fund. The Berlin based companies ALBA Facility Solutions GmbH and ALBA Property Management GmbH were acquired by LEO II. GmbH & Co. KG from the former owner Interzero Group. Read more

DUBAG welcomes Raphael Marold to the team

25. April 2022

On April 1^st 2022, Raphael Marold joined the DUBAG team as Investment Analyst.

After his Bachelor studies, he pursued a distinctive double degree Master program, graduating with a Master of Science in Management & Technology from the Technical University of Munich and with the Grand Ecole Master in Management (specializing in International Finance, Majeure Finance) from the HEC Paris.

DUBAG welcomes Max Fidel to the team

18. August 2021

On July 1^st 2021, Max Fidel joined the DUBAG team as Investment Professional.