Bremen/ Frankfurt a. F. — CIC Capital
, the international direct investment company of Crédit Mutuel Alliance Fédérale
, and PESCA Equity Partners (PESCA)
, a company for minority and majority investments in medium-sized companies, have acquired a significant minority stake in the Brüning Group as part of an owner buy-out.
The company, which is based in Fischerhude near Bremen, has around 200 employees and sales in the high double-digit million range and is the German market leader in the trade of energy-supplying bulk raw materials (e.g. pellets, residual wood and substitute fuels). Founder and CEO Arnd Brüning (48) remains majority shareholder and will continue to lead the Brüning Group. As part of the transaction, the extended management team also acquired a stake in the company. With the growth financing and the strategic expertise of the new co-shareholders, the company intends to consolidate its successful position in a promising market and further strengthen it in the long term by expanding into new geographical markets.
Originally founded in 1992 as a nursery, the Brüning Group has since grown into a service company operating throughout Europe, trading in woody raw materials used in power generation, horticulture, landscaping and agriculture. The Brüning Group offers its customers and suppliers reliable supply, disposal and logistics from a single source. Thanks to its long-term experience and its even stronger cross-regional focus in the future, it can respond quickly and efficiently to market changes.
The previous sole shareholder Arnd Brüning has set himself the goal of securing the long-term independence of the company he founded and taking its successful development to the next level. As experienced shareholders of fast-growing medium-sized companies, CIC Capital and PESCA bring extensive expertise in supporting such expansion processes as well as the corresponding international connections.
Arnd Brüning, founder and CEO of the Brüning Group: “With CIC Capital and PESCA Equity Partners we have found strong partners for the future of our company, who will accompany and actively support us on our growth path. Already in the first talks it became clear that our views on the strategic direction of the company are in line and that the chemistry between the people involved is right.”
Sébastien Neiss (photo), Germany Managing Director of CIC Capital in Frankfurt: “With the Brüning Group, PESCA has given us the opportunity to invest in an established and fast-growing company in a promising market. The position and long-term growth potential of the company as well as the management performance and future vision of Arnd Brüning and his management team convinced us. These are exactly the factors we as Evergreen investors rely on in our minority investments.”
Peter Beusch, Partner at PESCA Equity Partners, added: “The Brüning Group has a sophisticated business model that structures and bundles the entire material flows in a complex multilateral market. The combination of a supra-regional supplier network, broad customer portfolio, diverse product offering, experienced sales organization as well as strong innovative power convinced us and makes us very confident for the company’s further growth in Germany and abroad.”
Advisors CIC Capital and PESCA:
P+P Pöllath + Partners (legal and structuring), RSM (finance & tax) and PWC (commercial due diligence).
The transaction advice for the Brüning Group was provided by Kloepfel Corporate Finance GmbH, the legal advice by Blanke Meier Evers Rechtsanwälte in Partnerschaft mbB and the tax advice by RKH GmbH & Co KG Wirtschaftsprüfungsgesellschaft.
About the Brüning Group
Founded in 1992 in Fischerhude near Bremen, the sole proprietorship Arnd Brüning e.K. today presents itself as the Brüning Group with the companies Brüning-Euromulch GmbH, Brüning-Megawatt GmbH, Brüning-Logistik GmbH and Brüning-International GmbH. As a national and international developer and supplier, the Brüning Group primarily trades in energy-supplying bulk raw materials made of wood and has established itself as the market leader in the supply of biomass cogeneration plants throughout Germany with around 200 employees and sales in the high double-digit million range. It structures the market significantly through its unique position and acts as a link between producers and customers. In addition, mulch, bark and pellet products are among the wide range of products currently handled at six sites. In 2018, the Brüning Group also acquired Gebrüder Meyer GmbH in Mölln. www.bruening-gruppe.de
About PESCA Equity Partners
PESCA Equity Partners is a private, owner-managed firm serving a network of successful investors and entrepreneurs. In addition to its own capital, PESCA invests private and institutional funds as equity in minority and majority holdings in medium-sized companies in German-speaking countries. www.pesca-partners.com.
About CIC CAPITAL
CIC Capital stands for the international direct investment business of CM-CIC Investissement, a financial investment subsidiary of the French banking group Crédit Mutuel Alliance Fédérale. CM-CIC Investissement offers solutions to medium-sized companies in all areas of equity financing.
At CM-CIC Investissement, the focus is on the relationship and close cooperation between the experienced investment team and the executives in the portfolio companies. With the long-term perspective of a fund-independent “evergreen” approach, CM-CIC Investissement has already been successful for 35 years.
CM-CIC Investissement has already invested more than €3.0 billion in equity capital, and its portfolio currently consists of around 360 companies. Under the CIC Capital brand, CM-CIC Investissement has expanded its activities to Canada (Montreal and Toronto), USA (New York and Boston), Germany (Frankfurt), Switzerland (Geneva and Zurich) and the United Kingdom (London).
For more information, visit www.ciccapital.fund