News – Page 3 – DUBAG Group

DUBAG Group is further growing dynamically 📈

1. February 2023

We are able to proudly look back on a very successful 2022 and sharing some of our major highlights:

🔵🫵🏼First of all, we are very happy that Jennifer Micheller, Marvin Brian, Moritz Rösger & Maximilian Thiel joined our team during 2022. Our new colleagues were already a valuable contribution to the team and the success of DUBAG in 2022.

🔵✔️Furthermore, we are proud of having successfully executed 5 transactions throughout the year, having contributed an additional EUR 400 million in revenue to our portfolio:

🔵✍🏼We added ATOZ Group and CATENSYS – Chain Drive Systems in July 2022 to our portfolio.

🔵✍🏼We signed the intended acquisition of Emitec G.m.b.H. October 2022, and

🔵🤝🏼We closed 2022 with 2 exciting transactions: On the one hand, we were able to find in DEBA a renown partner for the takeover of Holzwerke Pfarrkirchen GmbH. The transaction marks the first and very successful exit of our LEOII fund and for our investors within less than 3 years since inception. On the other hand, we signed the intended acquisition of a major player in the media and broadcasting environment, which we are super excited to officially disclose within the coming days, so stay tuned💥
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DUBAG acquires Eurovision Services from the European Broadcasting Union

31. January 2023

Munich, January 31^st 2023 – DUBAG Group is proud to announce the closing of a new transaction within their exclusively managed LEO II fund.

The Geneva based company Eurovision Services SA was acquired by LEO II. GmbH & Co. KG from the European Broadcasting Union (EBU). Eurovision Services orchestrates the global media content value chain with outstanding hybrid network capabilities, servicing sports federations, right holders and media companies around the world and allowing hundreds of millions of viewers to enjoy high calibre (sports) events. The Company has presences in North America, Europe, Middle East and Asia to ensure coordination across time-zones and 24/7 service availability and employs approx. 250 employees. Among ES’s biggest customers are sports federations and right holders like UEFA, Formula 1 or the NBA.

The European Broadcasting Union is an alliance of public service media organisations. As of 2022, it is made up of 112 member organizations from 54 countries, and 30 associate members from further 19 countries. It was established in 1950 and has its administrative headquarters in Geneva.

The DUBAG team looks forward to re-creating value and is welcoming Eurovision Services into their portfolio.

“With the takeover of Eurovision Services we extend our portfolio with a promising venture. We are convinced ES will be the first-choice provider for event organizers, media organizations and sport federations. We are looking forward to a successful collaboration with all employees and customers.” says Emanuel Cattanei, Partner at 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 development. Long-term and continuity have always been a maxim of the DEBA Group’s entrepreneurial activities.

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 welcomes Moritz Rösger to the team

20. October 2022

On October 1st 2022, Moritz Rösger joined the DUBAG team as Operations Manager.

Prior to joining DUBAG, Moritz worked as a Senior Consultant at Deloitte’s M&A Transaction Services team where he supported a variety of clients on different M&A-related projects such as Carve Outs or Post Merger Integrations. 

He started his career with a combined course of study at Hamburg Commercial Bank and Duale Hochschule Schleswig-Holstein from which he graduated with both a Bachelor of Arts in Business Administration and a qualification as a banking professional.

We are delighted to have Moritz on the team!

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.

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