Frankfurt am Main – 3i Group plc („3i“) hat bekannt gegeben, dass es vereinbart hat, bis zu 247 Mio. € in Formel D nahe Köln zu investieren, einem weltweiten Dienstleister für die Automobil- und Zulieferindustrie mit Sitz in Deutschland. 3i investiert neben dem Management und kauft das Geschäft der börsennotierten Deutschen Beteiligungs AG (DBAG) und des DBAG Fund V, einem von der DBAG verwalteten Private Equity Fund. 3i beabsichtigt, Co-Investoren an den Tisch zu bringen, die neben 3i bei der Transaktion investieren.
Founded in 1993, Formel D develops leading concepts and individual, scalable solutions for quality assurance and process optimisation along the entire automotive value chain. Through its range of services which mostly involve testing and quality control of individual parts, systems and vehicles, Formel D ensures that only tried, tested and flawless cars and trucks are put on the road.
Formel D has over 7,000 employees and operates more than 80 facilities in 19 countries. Its customers include premium automotive manufacturers such as BMW, Daimler, VW and Audi. Formel D has outperformed the market over the last 10 years, growing at an average of 17% p.a.. It differentiates itself through its global scale, its premium customer relationships and its comprehensive service offering: it is the only player offering quality services along the entire automotive value chain. It represents an attractive international growth opportunity through rolling out its existing services to clients in other geographies, expanding its client base in Asia, and increasing its higher “value add” services such as vehicle test specification and virtual testing.
„We are really excited to be working with Formel D. While it has already built a global presence, 75% of revenue still comes from within Europe, so there is clear potential for the business to grow with its existing clients in the US and Asia. In this fragmented market, we see ample growth opportunities through M&A,“ Ulf von Haacke
Partner & Head of Industrial 3i.
This is our third investment in 2017 following our recent investments in Lampenwelt, the largest European online specialist in the lighting space and Hans Anders, a leading optical retailer in the Benelux.