VR Equitypartner: Mezzanine financing for Mr. Wash

Frank­furt am Main — The Fran­k­­furt-based invest­ment company VR Equi­typ­art­ner (“VREP”) has exten­ded its invest­ment in Mr. Wash Auto­ser­vice AG, Essen, and provi­ded further mezza­nine finan­cing. The addi­tio­nal mezza­nine capi­tal is inten­ded to support a multi-year inten­sive invest­ment phase as growth finan­cing: The aim is to expand capa­ci­ties at exis­ting loca­ti­ons and to estab­lish further new loca­ti­ons. Mr. Wash, foun­ded in 1964, is today the market leader in the premium car wash sector with curr­ently 38 loca­ti­ons and around 2,000 employees throug­hout Germany. The range of services extends from exte­rior washing and inte­rior clea­ning to oil change and service station services. The company has recei­ved seve­ral awards for its service quality in recent years. VR Equi­typ­art­ner has been support­ing the family busi­ness in its conti­nuous growth since 2011 by provi­ding seve­ral mezza­nine tran­ches. The funds have been used for exten­sive invest­ments in tech­no­logy, the expan­sion of the range of services — parti­cu­larly in the area of inte­rior clea­ning — and the impro­ve­ment of service quality. Regu­lar custo­mer surveys ensure consis­t­ently high quality. Chris­tian Futter­lieb, Mana­ging Direc­tor of VR Equi­typ­art­ner: “We are deligh­ted to expand our long-stan­­ding part­ner­ship and conti­nue to support the growth of Mr. Wash. The company has deve­lo­ped enorm­ously and has a stable, but also capi­­tal-inten­­sive busi­ness. Some­thing like this is gene­rally well suited for the use of mezza­nine capi­tal.” Richard Enning, CEO of Mr. Wash Auto­ser­vice AG, adds: “With VR Equi­typ­art­ner, we have had a relia­ble and uncom­pli­ca­ted part­ner who has supported and accom­pa­nied our growth stra­tegy for years. The mezza­nine capi­tal is an important compo­nent of our over­all finan­cing because it ideally comple­ments bank loans and our inter­nal finan­cing power — and thus supports the invest­ments in our growth.” About VR Equitypartner

VR Equi­typ­art­ner is one of the leading equity finan­ciers in Germany, Austria and Switzerland. 

The company supports medium-sized family busi­nesses in a goal-orien­­ted manner and with deca­des of expe­ri­ence in the stra­te­gic solu­tion of complex finan­cing issues. Invest­ment oppor­tu­ni­ties include growth and expan­sion finan­cing, corpo­rate succes­sion or share­hol­der chan­ges. VR Equi­typ­art­ner offers majo­rity and mino­rity invest­ments as well as mezza­nine finan­cing. As a subsi­diary of DZ BANK, the central insti­tu­tion of the coope­ra­tive banks in Germany, VR Equi­typ­art­ner consis­t­ently puts the sustaina­bi­lity of corpo­rate deve­lo­p­ment ahead of short-term exit thin­king. VR Equitypartner’s port­fo­lio curr­ently compri­ses around 40 commit­ments with an invest­ment volume of EUR 400 million. Morewww.vrep.de. The VR Equi­typ­art­ner tran­sac­tion team:
Tim Feld, Jens Schöf­fel, Chris­toph Simmes, Jens Osthoff