Since July 1st 2024 you will find us in our new spaces at Thomas-Wimmer-Ring 1, 80539 Munich, directly at the Isartor. We look forward to welcoming you to our new location!
On December 1st 2023, Fabian Hilke joined the DUBAG team as Investment Analyst.
He graduated from International School of Management with a Bachelor of Arts in Management and holds a Master of Science in Finance from Nova School of Business and Economics. Fabian started at DUBAG as an Intern before joining as full-time Analyst. Prior to DUBAG, he gained foundational expertise in Private Equity during his internships at Family Trust Investor and AUCTUS Capital Partners
We are delighted to welcome Fabian to the team and look forward to a successful collaboration!
On February 1st 2024, Petar Angelov joined the DUBAG team as Head of Finance.
Petar Angelov has been working as Head of Finance at DUBAG Group since February 2024. With his solid academic background in business administration from Munich University of Applied Sciences and advanced qualifications as a CFA Charterholder and CAIA Charterholder, Petar brings profound expertise to the financial sector. Throughout his professional career, he has acquired valuable knowledge at DTCP as a Senior Portfolio Manager focusing on portfolio management and digitalization projects, at RWB PrivateCapital Emissionshaus AG where he initiated the co-investment program in addition to his portfolio management duties, and at vonBraun&Schreiber where he built his extensive knowledge in private equity. Petar’s early career also included significant internships and trainee positions at renowned institutions such as UBS Real Estate, Commerz Finanz, Siemens Financial Services, Bayerische Landesbank, and E.On Sales & Trading, where he established a solid foundation in risk management, financial analysis, and controlling.
We are delighted to welcome Petar to the team and look forward to a successful collaboration!
Munich, 01 August 2024 – The investment fund Lenbach Equity Opportunities II. GmbH & Co. KG (“LEO II. Fund”), exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”), has successfully sold its 100% stake in ATOZ Facility Solutions GmbH (“ATOZ”) to HOWOGE Wohnungsbaugesellschaft mbH (“HOWOGE”), a municipal housing company of the State of Berlin.
About ATOZ:
ATOZ Facility Solutions GmbH is an established player in the field of technical and infrastructural facility management, offering comprehensive services such as cleaning, janitorial services, green space care as well as maintenance servicing and minor repair management.
As part of the carve-out from the Interzero Group in 2022, ATOZ – under the management of the LEO II. Fund – was positioned as an independent company within the market. Since the takeover, the DUBAG team has actively contributed to the continued successful development of the company.
Sale to HOWOGE:
“We consider HOWOGE to be the best new home for ATOZ” explains Christoph Mödder, Partner at DUBAG and Managing Director of the LEO II. Fund. “The integration of ATOZ into HOWOGE fits perfectly into HOWOGE’s own performance strategy and we are convinced that HOWOGE will be a trustworthy partner for the long-term development of ATOZ.”
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 (www.dubag.eu), is involved.
About HOWOGE:
HOWOGE Wohnungsbaugesellschaft mbH is one of the six municipal housing companies of the State of Berlin. With its own housing stock of around 76,400 flats (as at 31 December 2023), the company is one of the largest landlords in Germany. HOWOGE intends to expand its residential portfolio to around 100,000 flats in the medium to long term, particularly through new construction.
Advisors to LEO II. Fund:
As part of the sale, the LEO II. Fund, in addition to DUBAG, was advised by:
M&A: Taurus Advisory / Dr. Dirk Findeisen, David B. Kauter (Bad Soden am Taunus)
Legal: Heuking Kühn Lüer Wojtek / Dr. Andreas Lenz (Cologne)
Munich, July 31st 2024 – DUBAG Group is proud to announce the closing of its first transaction within their exclusively managed LEO III fund shortly following the start of the investment phase.
Syntegon, a group specialized on processing and packaging technologies with over 6,300 employees worldwide and a portfolio company of private equity firm CVC, selected the DUBAG and the LEO III fund as new home for its subsidiaries Ampack GmbH, based in Koenigsbrunn, Germany, and Osgood Industries LLC, located in Oldsmar, Florida, USA.
Positive prospects for Ampack and Osgood
Ampack and Osgood develop forming, filling and sealing machines for cups and bottles used by dairies and food manufacturers to package liquid and viscous foods to the highest hygiene standards. Use cases include dairy products, yogurt, dips, and delicatessen salads. “Ampack and Osgood are strong companies in an attractive market with long-term growth potential,” says Dr. Michael Schumann, CEO of DUBAG Group. “Both companies have an excellent reputation for quality, product range, and expertise. We will work to take their business forward in the coming years and make it even more competitive.”
For Syntegon, on the other hand, the sale of its two subsidiaries is the next step in focusing on its key business. “I am convinced that Ampack and Osgood with their more than 2,800 machines installed at many customer sites around the globe will have a good chance for substantial and sustainable growth with DUBAG,” says Torsten Tuerling, CEO of Syntegon. “We are glad to have found a new owner with a clear strategy to develop this already successful business further.”
Syntegon to further focus on core food business
Besides technologies and services for the pharmaceutical industry, the core business of Syntegon consists of innovative horizontal and vertical processing and packaging technologies for dry food. The sale of Ampack and Osgood enable the group to fully focus on its core business.
The DUBAG team is pleased to announce the final closing of our new third, oversubscribed LEO III fund generation, totaling investor commitments of EUR 80 million.
Despite a challenging fundraising environment, the DUBAG team was able to close the new LEO III fund at the targeted hard cap of EUR 80 million of investor commitments, therefore doubling the predecessor fund size.
The investment focus of the new LEO III fund is on companies in special situations, in particular carve-outs from conglomerates and tail-end situations of fund-based PE-Investors. The targeted revenue size ranges from EUR 20 up to EUR 400 million. LEO III invests equity tickets from EUR 5 to 20 million and has direct access to a broad network of financing partners, willing to back challenging situations. Transactions with EVs up to EUR 125 million are covered within investment scope.
“In times of constant change and the need for continuous transformation, focusing on core business activities is the key to success. But what if a business segment is no longer part of the core business? We take care of these non-core assets and make these companies and their success our priority. With our operational team, we support value creation from day one and ensure a smooth transition for the sellers”, explains Florian Hitzer, Partner Operations at DUBAG.
“The upcoming years will offer numerous exciting opportunities for investments with a variety of special situation backgrounds. With us, investors have the chance to participate in those interesting opportunities. Our track record shows attractive returns for our investors,” explains Emanuel Cattanei, Partner M&A at DUBAG.
“The interest from institutional investors in the new fund has significantly exceeded our expectations and confirmed our positioning as leading fund-structured private equity special situations specialist in Germany. We are very pleased that many of DUBAG’s investors in previous funds have also invested in our new fund, in some cases with significantly increased subscriptions. In addition, we were able to further internationalize our pool of investors and expand it with renowned addresses. We would like to thank our investors for their trust in our team,” says Christoph Mödder, Partner M&A at DUBAG.
Already in 2021, our LEO II Fund – advised by DUBAG – acquired and carved-out the card solution business of pharma packaging specialist Liveo Research. The DUBAG team conducted the carve-out of the company and establishing a successful stand-alone entity operating under the name SPICA.
Watch the SPICA team share their experiences with the carve-out and how targeted investments under the LEO II ownership help the SPICA to thrive.
About Spica:
As a leading manufacturer of high performance film, SPICA remains driven by the production of the best PVC material. The end-products, such as bank, identity and travel cards have exceptionally high quality standards. SPICA is the leading manufacturer of such highly sophisticated and innovative materials that meet all requirements regarding quality, specifications and reliability of supply.
Lern more about Spica here. https://dubag.eu/portfolio/spica/
DUBAG Group is delighted to announce the successful acquisition of Emitec Group, Vitesco Technologies’ catalysts and filters business. The acquisition was made through their exclusively managed LEO II. fund.
The group, with production facilities in Germany (Lohmar and Eisenach) and India (Pune) and further sales offices around the globe, is the global market leader in metal substrates for catalysts and filters for various industries and residential buildings with a major footprint in the automotive industry, contributing to the purification of exhaust gases from internal combustion engines and chimneys. The entire Emitec dedicated workforce of c. 1,000 employees has been taken over as part of the transaction. Rolf Brück (CEO), Martin Kohn (CFO) and their experienced team will continue to lead the Emitec Group on its path to becoming an independent company again and maintain its position as a leading partner for OEMs and their suppliers while strengthening the business outside the automotive industry.
Vitesco Technologies Group AG (known until autumn 2019 as Continental Powertrain), headquartered in Regensburg, is a German MDax listed automotive supplier for drivetrain and powertrain technologies.
“We are very proud to welcome Emitec Group to the DUBAG Group family and are convinced that Emitec, as an independent company with a focused and competitive product portfolio, can realise its full potential as an important partner for exhaust gas treatment and filter applications in various industries.”, said Florian Hitzer, Partner Operations at DUBAG Group.
The newly launched website can be viewed here:
Munich, July 31st, 2023 – DUBAG Group, a leading investment firm, is delighted to announce the successful acquisition of promedi Personalmanagement GmbH, a Cologne-based full-service staffing provider specializing in medical professions and geriatric care, from RIW Group. The acquisition was made through their exclusively managed LEO II. fund.
With an extensive customer base that includes leading hospitals and geriatric care facilities, Promedi has demonstrated impressive growth over the years. With more than 600 external employees and a strong presence in western and northern Germany, Promedi’s commitment to excellence and organic expansion aligns perfectly with DUBAG Group’s strategic vision for investing in promising ventures.
RIW-Group is a family-owned, Cologne-based provider of Industrial service, facility service and personnel service.
“We are thrilled to welcome Promedi to the DUBAG Group family,” said Christoph Moedder, Partner at DUBAG Group. “Promedi’s remarkable growth story and expertise in medical and geriatric staffing make them an ideal addition to our portfolio. We look forward to building on their success and collaborating to achieve even greater heights.”
In 2022, our LEO II Fund – advised by DUBAG – acquired and carve-out the chain drive business from the stock-listed conglomerate Schaeffler Gruppe. The DUBAG team conducted the carve-out of the automotive supplier, establishing Catensys as a successful stand-alone entity.
Watch our Operations Executive Dr. Markus Ottmüller and the DUBAG Partner Christoph Mödder share their experiences with the carve-out of Catensys.
With around 560 employees, Catensys ranks among the leading global suppliers for chain dirve systems.
Chain drives systems are installed as part of the drive system in the internal combustion engines of passenger cars and other vehicles such as motorcycles as well as modern and environmentally friendly hybrid drives.Being an integral part of a drivetrain, the chain drive systems ensure smooth running and reduced fuel consumption along the entire life cycle of a vehicle.
Commercial activities in chain drive systems have been expanding within the Schaeffler Group since 1986. Due to a strategic portfolio review, Schaeffler seeked the divestment of the business unit and choose DUBAG as the ideal partner for the company’s future.
Research and development as well as production take place at nine different locations in Europe, Asia and North and South America.
Learn more about Catensys here.
DUBAG GROUP
Thomas-Wimmer-Ring 1
D-80539 München
Germany
Tel: +49 89 45 209 45 0
DUBAG GROUP
Thomas-Wimmer-Ring 1
D-80539 München
Germany
Tel: +49 89 45 209 45 0
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