Author: Tatjana Anderer

Munich / Berlin — Heidel­ber­ger Sand und Kies GmbH, a subsi­diary of Heidel­berg Mate­ri­als (Heidel­berg­Ce­ment), will acquire Berlin-based RWG I Holding GmbH from ADCURAM Group GmbH as of Janu­ary 1, 2023, subject to the appr­oval of the anti­trust autho­ri­ties. RWG I Holding GmbH is a leading company in the field of demo­li­tion and buil­ding mate­ri­als recy­cling with other comple­men­tary busi­ness areas. With three attrac­tive loca­ti­ons in Berlin and 250 employees, the company gene­ra­tes more than 50 million euros in sales per year. — POELLATH provi­ded compre­hen­sive legal and tax advice to ADCURAM in connec­tion with the sale.

Chris­tian Knell, Spokes­man for Heidel­berg Mate­ri­als Manage­ment Germany, says: “With the purchase of RWG, Heidel­ber­ger Sand und Kies GmbH is streng­thening its two-pron­ged raw mate­ri­als stra­tegy in the grea­ter Berlin area. In addi­tion to primary mine­ral raw mate­ri­als, recy­cled aggre­ga­tes, among other things for the produc­tion of recy­cled concre­tes, can be incre­asingly offe­red in the future. Our long-term goal is to estab­lish a circu­lar economy and thus give prio­rity to the use of recy­cled aggre­ga­tes over primary raw mate­ri­als in the manu­fac­ture of our products.”

Heidel­ber­ger Sand und Kies Mana­ging Direc­tor Thomas Witt­mann adds, “RWG, with its market presence and good repu­ta­tion in the indus­try, is an excel­lent fit for us and will help us meet the increased demand from our custo­mers for sustainable buil­ding mate­ri­als in the grea­ter Berlin area.”

ADCURAM had acqui­red the RWG Group in 2019 as part of a succes­sion solu­tion and in recent years had built up the manage­ment team, profes­sio­na­li­zed the report­ing and finan­cial struc­tures, and made an acqui­si­tion before the end of 2022 to streng­then its growth potential.

Henry Bricken­kamp (photo © ADCURAM), Mana­ging Direc­tor at ADCURAM and opera­tio­nally respon­si­ble for the RWG Group, sees the tran­sac­tion as a confir­ma­tion of the manage­ment team: “The mana­ging direc­tors of the RWG Group have steadily expan­ded their market posi­tion in their respec­tive areas and signi­fi­cantly profes­sio­na­li­zed the company. The company is ther­e­fore the clear market leader in Berlin.” Broder Abra­ham­sen, also ADCURAM’s Mana­ging Direc­tor, added: “We are deligh­ted to have found a renow­ned part­ner for RWG in Heidel­berg Mate­ri­als, which will keep the company on the road to success.”

About Heidel­berg Materials

Heidel­berg Mate­ri­als is one of the world’s largest inte­gra­ted manu­fac­tu­r­ers of buil­ding mate­ri­als and solu­ti­ons, with leading market posi­ti­ons in cement, aggre­ga­tes, and ready-mix concrete. The company has more than 51,000 employees at almost 3,000 loca­ti­ons in over 50 count­ries. Around 4,200 employees work in Germany. Heidel­berg Mate­ri­als is working on sustainable buil­ding mate­ri­als and solu­ti­ons for the future as a pioneer on the path to CO2 neutra­lity and a circu­lar economy in the buil­ding mate­ri­als indus­try. Heidel­ber­ger Sand und Kies GmbH is a subsi­diary of Heidel­berg Mate­ri­als and opera­tes 40 sites across Germany with around 450 employees. www.heidelbergcement.de

About ADCURAM

ADCURAM is a priva­tely owned indus­trial group. ADCURAM acqui­res compa­nies with poten­tial and deve­lops them actively and sustain­ably. For the future growth of the Group, the capi­tal-strong indus­trial holding company has a total of 300 million euros available for acqui­si­ti­ons. With the help of its own 40-strong team of experts, the indus­trial holding company conti­nues to deve­lop the port­fo­lio compa­nies stra­te­gi­cally and opera­tio­nally. Toge­ther, the Group gene­ra­tes sales of around 800 million euros world­wide with nine holdings and more than 4,500 employees. ADCURAM sees itself as an entre­pre­neu­rial inves­tor and invests in succes­sion plans and corpo­rate spin-offs. www.adcuram.com

Consul­tant ADCURAM: POELLATH

Dr. Frank Thiä­ner (Part­ner, Lead Part­ner, M&A/Private Equity)
Dr. Tim Jung­in­ger, LL.M. (Coun­sel, Lead Part­ner, M&A/Private Equity)
Gerald Herr­mann (Part­ner, Taxes)
Dr. Domi­nik Gerli­cher (Senior Asso­ciate, M&A/Private Equity)
Till Schwich­ten­berg (Senior Asso­ciate, M&A/Private Equity)
Torben Busch (Asso­ciate, M&A/Private Equity)
Jannis Lührs (Asso­ciate, Tax)

Rheinau/ Nidderau/ Munich — The Gimv port­fo­lio company E.GRUPPE, which alre­ady includes Klot­ter Elek­tro­tech­nik GmbH, acqui­res Control Mecha­tro­nics GmbH in Nidderau near Frank­fur­t/R­hine-Main. With this acqui­si­tion, the E.GROUP expands its range of services in indus­trial elec­tri­cal instru­men­ta­tion and control (I&C) as well as in project plan­ning and execu­tion for the auto­ma­tion of indus­trial proces­ses. The share­hol­ders and foun­ders of Control Mecha­tro­nics, Michael Kopf, Peter Gareis, Roland Lauk and Axel Hoch, acquire a stake in E.GRUPPE as part of the tran­sac­tion. Michael Kopf and Axel Hoch will also support the Group on its growth path in an advi­sory capacity.

The aim of the E.GROUP is to build up a full-service provi­der in all trades of elec­tri­cal engi­nee­ring in order to offer custo­mers a holi­stic and future-orien­ted solu­tion port­fo­lio from a single source. In 2021, the Euro­pean invest­ment company Gimv took a majo­rity stake in Klot­ter Elek­tro­tech­nik GmbH (www.klotter.de), which was foun­ded in 1997. Toge­ther with the entre­pre­neur and foun­der, Werner Klot­ter, the E.GRUPPE emer­ged from this invest­ment. In addi­tion to the exis­ting busi­ness in custo­mer-speci­fic trans­for­mer station cons­truc­tion, switch­gear cabi­net and distri­bu­tion board cons­truc­tion, and buil­ding services, Control Mecha­tro­nics is parti­cu­larly streng­thening the area of auto­ma­tion solu­ti­ons for indus­trial proces­ses, inclu­ding auto­ma­tion projects for safety-rela­ted and certi­fi­cate-based auto­ma­tion services, such as those used in nuclear power plants or for the produc­tion of control units in the medi­cal field of proton therapy. Control Mecha­tro­nics is repre­sen­ted at three loca­ti­ons, the main plant in Nidderau, and bran­ches in Lörrach and Ravensburg.

Michael Kopf, Control Mecha­tro­nics, on the oppor­tu­ni­ties for the future: “We are deligh­ted that Control Mecha­tro­nics has found a part­ner in the E.GROUP with whom the secure and successful path taken so far can not only be contin­ued, but further expan­ded. As a medium-sized indus­trial company and expert with many years of inter­na­tio­nal expe­ri­ence in the complete project hand­ling of auto­ma­tion chal­lenges, we will become another corner­stone of the E.GROUP. We convince through our compe­tent teams and employees. We work in part­ner­ship and sustain­ably and welcome a lasting, trus­ting coope­ra­tion at eye level. With our inno­va­tive solu­ti­ons, we will successfully meet the growing demands of the elec­tri­cal engi­nee­ring indus­try toge­ther with the E.GROUP. With the merger, we not only secure Control Mecha­tro­nics’ jobs for the future, but can also serve the market nati­on­wide and conti­nue to grow successfully.”

Werner Klot­ter, co-owner of the E.GROUP and foun­der of Klot­ter Elek­tro­tech­nik GmbH, comm­ents: “With Control Mecha­tro­nics we warmly welcome another member to our group. The company, which has deve­lo­ped into a strong part­ner of auto­ma­tion solu­ti­ons in Germany, is not only an ideal fit for the E.GROUP from a regio­nal point of view, but at the same time increa­ses our tech­ni­cal exper­tise and enables us to respond even better to the requi­re­ments of our custo­mers and busi­ness part­ners with further synergies.”

Maja Marko­vic (Photo © Gimv), Part­ner at Gimv and respon­si­ble for the Sustainable Cities plat­form in the DACH region, adds: “We are deligh­ted to be able to attract the entre­pre­neurs of Control Mecha­tro­nics to the E.GROUP and extend a warm welcome to the entire work­force. The acqui­si­tion marks the next stra­te­gic step on our mutually agreed growth path. The E.GROUP has set itself the goal of brin­ging toge­ther compa­nies and entre­pre­neurs from the elec­tri­cal engi­nee­ring sector in order to act toge­ther as a holi­stic solu­tion provi­der in the elec­tri­cal engi­nee­ring sector. The E.GROUP is well posi­tio­ned to meet the growing chal­lenges of the coming years, parti­cu­larly through the elec­tri­fi­ca­tion and digi­ta­liza­tion of infra­struc­ture and produc­tion faci­li­ties, the promo­tion of rene­wa­ble ener­gies and elec­tro­mo­bi­lity, and espe­ci­ally the steadily advan­cing tech­no­lo­gi­cal change.”

The tran­sac­tion is subject to custo­mary condi­ti­ons, inclu­ding appr­oval by the compe­ti­tion autho­ri­ties. Further finan­cial details are not disclosed

About E.GROUP
The E.GROUP is a dyna­mi­cally expan­ding group of compa­nies for sophisti­ca­ted and future-orien­ted elec­tri­cal engi­nee­ring. The E.GROUP brings toge­ther estab­lished compa­nies and regio­nal market leaders who want to pool their exper­tise in the field of elec­tri­cal engi­nee­ring and effec­tively exploit new growth poten­tial and serve custo­mers more holi­sti­cally. The aim is to create a leading group of compa­nies in the highly frag­men­ted elec­tri­cal engi­nee­ring sector through orga­nic growth and the acqui­si­tion of further specia­lists and regio­nally estab­lished compa­nies. At the same time, the Group offers a wide range of growth and deve­lo­p­ment oppor­tu­ni­ties for the future of the compa­nies and its 170 employees. www.egruppe.com

About Control Mechatronics
Control Mecha­tro­nics GmbH, based in Nidderau (north of Frank­furt), is a medium-sized service and manu­fac­tu­ring company active in the field of indus­trial elec­tri­cal instru­men­ta­tion and control (I&C). With over 100 employees, the company also offers project plan­ning and execu­tion for the auto­ma­tion of indus­trial proces­ses. In addi­tion to the bran­ches in Ravens­burg and in Lörrach, Control Mecha­tro­nics GmbH has a subsi­diary, IT&E Control Solu­ti­ons GmbH, also based in Nidderau, which is active exclu­si­vely in the person­nel sector (of specia­list person­nel such as elec­tri­cal engi­neers). www.ctmt.de

About GIMV
For over 40 years, Gimv has been iden­ti­fy­ing entre­pre­neu­rial and inno­va­tive compa­nies with high growth poten­tial and, as a Euro­pean invest­ment company, support­ing them on their way to market leader­ship. Listed on Euron­ext Brussels, Gimv curr­ently has a port­fo­lio of around EUR 1.5 billion in invest­ments in more than 60 holdings, which toge­ther realize sales of more than EUR 3.1 billion and employ 19,000 people. www.gimv.com

Bain Capi­tal has raised more than $2 billion for its latest Tech Oppor­tu­ni­ties Fund and plans to expand its busi­ness in Europe. The private equity firm has excee­ded its $1.5 billion target for the fund and expects to close soon.

Bain’s tech oppor­tu­ni­ties stra­tegy has alre­ady supported compa­nies in Europe such as UK fintech company SumUp. Inves­tors are inte­res­ted in sectors where they believe Europe is produ­cing world-leading compa­nies, such as payments and cyber­se­cu­rity, Bain Capi­tal said.

About Bain Capital

Bain Capi­tal, LP is one of the world’s leading private invest­ment firms with appro­xi­m­ately $160 billion in assets under manage­ment. Since its foun­ding in 1984, expan­sion has occur­red into various asset clas­ses, inclu­ding private equity, credit, public equity, venture capi­tal and real estate.

Landshut/Munich — A globally unique smart­glass solu­tion that allows elec­tric wheel­chairs to be control­led by head move­ment — that’s the inno­va­tive medi­cal product that Munich-based start-up munevo laun­ched around four years ago. Since then, the young team has enab­led more and more people with severe limi­ta­ti­ons to their mobi­lity to lead a self-deter­mi­ned, mobile life. Follo­wing seed funding last year, munevo has now raised three million euros for expan­sion into the USA and other inter­na­tio­nal markets.

Bayern Kapi­tal, one of the most expe­ri­en­ced and active key play­ers in the German start-up finan­cing land­scape, which provi­des equity capi­tal in parti­cu­lar to inno­va­tive high-tech compa­nies with a connec­tion to Bava­ria, parti­ci­pa­ted in this round toge­ther with BayBG, be10x Capi­tal and ROCA X. Part of the round with a total of over three million euros are also other exis­ting inves­tors from the busi­ness angel envi­ron­ment.

Dise­a­ses such as para­ple­gia, multi­ple scle­ro­sis or Parkinson’s dise­ase can sever­ely limit free­dom of move­ment and inde­pen­dence. As a result of their condi­tion, suffe­rers are often depen­dent on the help of other people or on expen­sive and uncom­for­ta­ble stee­ring systems. Thus, in the course of a univer­sity course at the Chair of Busi­ness Infor­ma­tics at the Tech­ni­cal Univer­sity of Munich, the idea of a Google Glass app as a mobi­lity aid was born. In 2018, a clini­cal trial for “munevo DRIVE” was conduc­ted at Klini­kum rechts der Isar in Munich, follo­wed by appr­oval as a medi­cal device. Smart­glas­ses enable propor­tio­nal head control of elec­tric wheel­chairs, and many other devices can be opera­ted just by moving the head. Thus, munevo DRIVE also serves as a plat­form for soft­ware add-ons to control smart­phones, robo­tic arms that help people with daily acti­vi­ties, and smart home appli­ca­ti­ons. Demand is high and munevo, which is recei­ving a great deal of encou­ra­ge­ment from nume­rous users as well as medi­cal and scien­ti­fic profes­sio­nals and has ente­red into important coope­ra­tive agree­ments, such as with the globally active wheel­chair manu­fac­tu­rer Sunrise Medi­cal, is expanding.

The new round of finan­cing will enable munevo GmbH to meet the incre­asing demand for its control system, expand its distri­bu­tion network in the U.S. and extend its part­ner­ships in Europe.

“We are very proud that the new funding will allow munevo to grow and help many people,” said Clau­diu Leve­renz, CEO and co-foun­der of munevo. “We are very plea­sed that the venture capi­ta­lists invol­ved have given us access to the funding we need to grow the company quickly.”

BayBG Invest­ment Mana­ger Dr. Peter Graf agrees: “We alre­ady inves­ted in munevo GmbH in 2020, at that time with mezza­nine capi­tal, which convin­ced us as a tech­no­logy leader with its ground­brea­king product and inno­va­tive deve­lo­p­ments. We are certain that with the current round of finan­cing, munevo has all the prere­qui­si­tes to successfully take off internationally.”

“The mission of munevo to provide affec­ted people with more free­dom and inde­pen­dence is impres­sive. We are convin­ced that the dedi­ca­ted team will now incre­asingly achieve this in the rest of Europe and in the USA, and we are happy to support them with all our expe­ri­ence,” explains Monika Steger, Mana­ging Direc­tor of Bayern Kapital.

About munevo

munevo GmbH was the first company to deve­lop a head control for elec­tric wheel­chairs based on smart­glas­ses, munevo DRIVE. This special control helps people with disa­bi­li­ties to achieve inde­pen­dent mobi­lity and more self-deter­mi­na­tion. The Munich-based company was foun­ded in 2018 and has been selling munevo DRIVE in Germany, Austria and Switz­er­land since Janu­ary 2019.Diseases such as para­ple­gia, multi­ple scle­ro­sis or amyo­tro­phic late­ral scle­ro­sis can sever­ely rest­rict a person’s free­dom of move­ment and their asso­cia­ted inde­pen­dence. As a result of their condi­tion, affec­ted indi­vi­du­als are often depen­dent on the assis­tance of other people or on uncom­for­ta­ble stee­ring systems. The idea for munevo DRIVE arose in the course of a univer­sity course at the Chair of Busi­ness Infor­ma­tics at the Tech­ni­cal Univer­sity of Munich. munevo DRIVE is appro­ved as a medi­cal device and CE certi­fied. The young inter­na­tio­nal team is constantly working on further deve­lo­p­ment to create an ever­y­day assistant. www.munevo.com

About Bayern Kapital
Bayern Kapi­tal GmbH, based in Lands­hut, is the venture/growth capi­tal company of the Free State of Bava­ria. It accom­pa­nies inno­va­tive high-tech compa­nies in the Free State through various growth phases, from seed to later stage, with equity capi­tal in the amount of 0.25 to 25 million euros. Bayern Kapi­tal often fills gaps in the VC sector in proven consor­tium constel­la­ti­ons with private inves­tors (busi­ness angels, family offices and corpo­rate ventures).Bayern Kapi­tal mana­ges specia­li­zed invest­ment funds with a volume of around 700 million euros. Since its foun­da­tion in 1995 on the initia­tive of the state govern­ment, the wholly owned subsi­diary of LfA Förder­bank Bayern has so far inves­ted around 400 million euros of its own equity capi­tal in around 300 start-ups and scale-ups in sectors such as life scien­ces, soft­ware & IT, mate­ri­als & new mate­ri­als, nano­tech­no­logy and envi­ron­men­tal tech­no­logy. As a result, more than 8,000 jobs have been perma­nently crea­ted in Bava­ria in compa­nies with a promi­sing future. The active port­fo­lio curr­ently compri­ses over 80 companies.Examples of nume­rous ground­brea­king success stories that Bayern Kapi­tal has supported at an early stage include EOS (today the world’s leading tech­no­logy provi­der in indus­trial 3D prin­ting of metals and plas­tics), Proglove, Fazua, SimS­cale, Scom­pler, egym, Parcel­lab, Cobrai­ner, Quan­tum Systems, Casavi, Theva, Riskme­thods, Tubu­lis, Cata­lym, Immu­nic, Sirion and many more. www.bayernkapital.de

About BayBG
With its venture capi­tal team, BayBG Baye­ri­sche Betei­li­gungs­ge­sell­schaft mbH, Munich (BayBG), invests in Series A finan­cing rounds and later in tech start-ups. Curr­ently, the venture capi­tal port­fo­lio consists of over 35 tech­no­logy compa­nies. With an inves­ted volume of 340 million euros, BayBG is one of the largest invest­ment compa­nies in Germany. In addi­tion to venture capi­tal for start-ups, BayBG offers medium-sized compa­nies equity capi­tal (equity and/or mezza­nine) across all company phases and finan­cing occa­si­ons. BayBG thus enables the imple­men­ta­tion of inno­va­tion and growth projects, the opti­miza­tion of the capi­tal struc­ture or the regu­la­tion of corpo­rate succession.www.baybg-vc.de

About be10x Capital
be10x Capi­tal invests in promi­sing start­ups focu­sed on B2B, Smart Mobi­lity Solu­ti­ons, EV & Green-Energy, Soft­ware-as-a-Service (SaaS) and other high-tech products and solu­ti­ons. The foun­ding perso­na­li­ties them­sel­ves and the poten­tial of the under­ly­ing busi­ness model for scalable expo­nen­tial growth, sustaina­bi­lity and an expan­da­ble inter­na­tio­na­lity of the startup are at the fore­front of the selec­tion process. The invest­ment company be10x Capi­tal was foun­ded by Thomas Schmidt at the begin­ning of 2021 in order to actively accom­pany and support the growing and, in Thomas’ view, very high-performing startup land­scape in Germany and Europe in these segments.www.be-exponential.com

About ROCA X
A venture capi­tal fund that invests in early-stage disrup­tive compa­nies: young entre­pre­neurs with revo­lu­tio­nary ideas in tech­no­logy, at the MVP or proto­type stage, with a vision to make an impact on society and a passion to turn that desire into action. ROCA X builds a solid and much-needed bridge for start­ups between busi­ness angel support, which nurtures early-stage ideas, and upper-stage VCs, which support the growth of the startup. ROCA X is part of the Impe­tum Group, toge­ther with CITR and ROCA Investments.www.rocax.ro