Exit: Süd Beteiligungen and VR Equitypartner sell their shares in Piller
Süd Beteiligungen and VR Equitypartner sell their shares in Piller Entgrattechnik
Stuttgart/Frankfurt am Main/Ditzingen — Süd BeteiligungenGmbH (SüdBG) and VR Equitypartner GmbH (VR Equitypartner) are jointly selling their shares in Piller Entgrattechnik GmbH (Piller). The buyer is the private investment group Riflebird Capital from Belgium.
Piller is an innovative machine builder specializing in deburring and cleaning of metallic components using high pressure water. With around 100 employees and sites in Ditzingen and Kecskemét (Hungary), Piller primarily serves the automotive industry, generating annual sales of around 30 million euros.
Following the acquisition of Piller in 2014, SüdBG and VR Equitypartner have strategically developed the company further and pushed ahead with the internationalization course, especially to Asia and North America. “With SüdBG and VR Equitypartner we had an entrepreneurial equity partner at our side, who always accompanied the implementation of our investment projects and the entry into new markets in a spirit of partnership. With our new shareholder, we want to continue this successful course,” said Managing Directors Thomas Piller, Jörg Nubert and Tobias Schwarz, who will remain associated with the company as managing partners.
Riflebird is a closed group of private investors with extensive experience in the investment business and takes a long-term investment approach. “We are impressed by the technical know-how of the company and the entire team. Based on an innovative product range and a deep understanding of its customers’ needs, Piller has achieved a strong market position. We look forward to partnering with the company in the future as it continues its internationalization strategy,” explains Sylvia Gilis, Managing Partner of Riflebird. “I am pleased that with Riflebird we have found a partner for the company that is oriented towards medium-sized companies and the long term. Piller has achieved extraordinary growth in recent years and, based on its leading technology and development expertise, will continue to actively support its customers in the future with the challenges that arise in deburring and cleaning technology,” says Gunter Max, Managing Director of SüdBG.
Christian Futterlieb, Managing Director of VR Equitypartner, adds: “Together with the management, we have successfully developed the company in recent years. This also included new sales cooperations. Piller is thus excellently positioned today.” With a view to the company’s promising prospects, Futterlieb emphasizes: “With the completion of the new production hall and office building in 2017, the capacitive prerequisites for further dynamic growth have been laid”. All parties have agreed not to disclose details of the purchase agreement.
Süd Beteiligungen GmbH at a glance
SüdBG is a wholly owned subsidiary of Landesbank Baden-Württemberg (LBBW) and has been supporting medium-sized companies for more than 40 years with customized equity and equity-related solutions in the context of succession planning, growth financing and shareholder changes. As one of the leading investment companies in the German-speaking region and a long-term investor, SüdBG has supported over 70 companies in the past 10 years with around 600 million euros and a broad network in sustainable corporate development. www.suedbg.de.
VR Equitypartner GmbH at a glance
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 almost 50 years of experience in the strategic solution of complex financing issues. Investment opportunities include growth and expansion financing, entrepreneurial 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 100 commitments with an investment volume of EUR 500 million. www.vrep.de.