Investment company Gimv strengthens Munich location
Munich - The European investment company Gimv reports a successful third quarter in the 2017/2018 financial year. The Munich office has been strengthened with the new Partner Philipp von Hammerstein (35) and the two new Principals Friedrich von Wallwitz (32) and Patrick Schaich (38) — Gimv is thus gearing up for new investments in the German-speaking region across all focused investment platforms.
Philipp von Hammerstein (35, photo), on board as a Principal at Gimv in Munich since 2016, has been appointed Partner in the Health & Care practice, effective January 1, 2018. Prior to joining Gimv, von Hammerstein worked for KPMG in Germany in the area of Deal Advisory — M&A. There, he has advised on more than 50 projects — primarily in the healthcare sector and for various client groups such as large listed corporations, family-owned companies, the public sector as well as private equity funds and their portfolio companies. At Gimv, von Hammerstein was instrumental in transactions such as the investment in the Swiss MVZ Holding. He holds a degree in Business Administration (Technical University of Berlin) and a Master in Management (ESC Toulouse/Toulouse Business School).
Friedrich von Wallwitz (32) has been a Principal in the Smart Industries team since January. He previously worked in London, first as a commodities trader, then as an M&A advisor and merchant banker for PMB Capital. There he developed long-term and sustainable financing solutions for companies in the DACH region. Friedrich von Wallwitz studied Economics & International Relations (BA) at Lancaster University, Law & Economics at the Universities of Hamburg, Rotterdam and UC Berkeley (LL.M), and Christian Theology at the University of London (MA).
Patrick Schaich (38), Principal in the Connected Consumer team since February, joins from international small-mid market private equity investor The Riverside Company. There, Schaich worked on transactions in various industries for nearly five years. Prior to that, he gained extensive experience in investment banking at Kepler-Cheuvreux and at Berenberg, primarily in the retail and consumer goods sectors. Patrick Schaich holds an MSc as well as a BBA in Finance from the ESF European School of Finance / HfWU Nürtingen-Geislingen.
Launched in Belgium almost 40 years ago, Gimv, which is listed on Euronext Brussels, now operates across Europe with around 90 employees and manages around 1.6 billion euros. In addition to its headquarters in Antwerp, Gimv has offices in Munich, Paris and The Hague. The company currently holds stakes in around 50 portfolio companies. The focus is on the four investment platforms Smart Industries, Health & Care, Connected Consumer and Sustainable Cities — innovative, leading companies from these sectors with high growth potential are supported by Gimv with capital and know-how on their way to market leadership.
Promising last quarter of 2017
Gimv’s on-balance sheet investments from October 1, 2017 to December 31, 2017 amounted to 55 million euros — bringing the total invested in 2017 to 159 million euros. In the last quarter of 2017, two major investments were realized, including in WEMAS Absperrtechnik GmbH from Gütersloh. Total divestments recognized in the balance sheet in the third quarter amounted to 197 million euros (full year: 314 million euros); five companies were divested. Gimv’s brisk business activity has continued since the beginning of 2018 — five new investments and one sale have already been reported since January 1.
Great potential in the DACH region
The team strength of Gimv’s Munich office, which is responsible for activities in the DACH region, has now been increased to ten investment specialists — the reason for this is the increased demand for specialized investors in the market: “In the DACH region in particular, many medium-sized companies are currently having to realign themselves and are looking for ways and means to expand into new regions or to grow via additional business activities. With our almost 40 years of experience in future-oriented sectors and industries, we can provide optimal support to these companies — helped by the background of our experts, all of whom have worked for many years in an operational and advisory capacity in our target industries,” explains Dr. Sven Oleownik, who heads the Munich office.
Gimv’s portfolio in the German-speaking region currently comprises eleven growth companies. To date, the team has realized four successful exits, including most recently the high-profile sale of computer-generated imagery market leader Mackevision to Accenture.
About GIMV
Gimv is a European investment firm with nearly 40 years of experience in private equity and venture capital. The company is listed on Euronext Brussels, currently manages around EUR 1.6 billion and has investments in 50 portfolio companies. As a recognized leader in exclusive investment platforms, Gimv identifies innovative, leading companies with high growth potential and supports them on their way to market leadership. Each of the four investment platforms Connected Consumer, Health & Care, Smart Industries and Sustainable Cities is managed by a dedicated and competent team, each based in Gimv’s home markets — the Benelux, France and Germany — and supported by an extensive international network of experts.