H.I.G. Capital News
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H.I.G. Capital Sells Losberger After Successful Expansion
HAMBURG – September 29, 2016 – H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, today announced the sale of the Losberger Group, based in Bad Rappenau/Germany, to Gilde Buy Out Partners. The management has invested alongside Gilde and will remain with the company.
Losberger Group specialises in the production and rental of modular space systems, such as event tents, aluminum and steel halls, warehouses, residential units and hangars. The company has five manufacturing facilities and 14 sales offices worldwide. Its customers include industrial customers, event agencies and rental companies as well as local communities, government and non-governmental organizations (NGOs).
“Since H.I.G.’s investment in 2011, the Losberger Group has embarked on a series of substantial operational improvement and strategic development programs. As a result, the company significantly expanded and strengthened its market position on a global basis. Including a total of six acquisitions in Germany and abroad, revenues more than doubled from €118 million in 2011 to nearly €250 million in the current year and profitability more than followed suit. As a result, this has been a very successful investment for H.I.G.”, said Wolfgang Biedermann, Managing Director of H.I.G. Europe.
Berndt Zoepffel, CEO of Losberger, added: "We would like to thank H.I.G. for their constructive and entrepreneurial cooperation, which helped realize the impressive development of the Losberger Group. Since solid foundations for further growth have been laid out at the staff, organizational and financial level during H.I.G.’s ownership, we can now together with Gilde focus on further scaling sales worldwide and on expanding our innovation leadership".
The Losberger Group is one of the leading providers of individual temporary space solutions, includ-ing aluminum and steel halls, warehouses, residential units, space modules, tents, hangars, shelters and field accommodations. Founded in 1919 by Friedrich Losberger, the company has evolved over the years into a full-service provider. Successful turnkey projects include the realization of fully equipped mobile field hospitals, field camps, universities, airports and refugee centers. For more information, visit www.losberger.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with €18 billion of equity capital under management. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in Hamburg, London, Luxemburg, Madrid, Milan, Paris, Rio de Janeiro and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and op-erationally focused/ value-added approach:
- H.I.G. Capital’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G. Capital’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of €22 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
About Gilde Buy Out Partners
Gilde Buy Out Partners is an independent mid-market buy-out firm in Europe with managed funds in excess of €3 billion, with offices in Zurich, Frankfurt, Utrecht and Brussels. Since its inception, Gilde has invested in over 250 companies across a diverse range of sectors. With €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. For more information, please refer to www.gilde.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.