Succession at GREMCO with BayBG

Photo: BayBG from left: Carl Chris­tian Vogel, Peter Pauli
8. Decem­ber 2020

Munich / Augs­burg — GREMCO GmbH is a medium-sized hose & cabling specia­list in family owners­hip. After 30 success­ful years of deve­lo­p­ment, the owners sell their company to an exter­nal, long-term orien­ted manage­ment team. BayBG Baye­ri­sche Betei­li­gungs­ge­sell­schaft is suppor­ting the acqui­si­tion in the form of a silent part­ners­hip and provi­ding a six-figure sum.

GREMCO deve­lops and supplies custo­mers from nume­rous indus­tries with high-quality and sophisti­ca­ted tech­ni­cal hose solu­ti­ons and compon­ents for high-tech cabling — world­wide. As a niche specia­list, hidden cham­pion GREMCO is able to supply complete system solu­ti­ons as well as custom-made products. Modern produc­tion faci­li­ties in
Europe, USA and Mexico guaran­tee quality and maxi­mum reliability.
The shrink, brai­ded and insu­la­ting slee­vings as well as electri­cal wires and cables have excel­lent chemi­cal, ther­mal and electri­cal proper­ties with inter­na­tio­nal appro­vals and are used in an extre­mely wide range of appli­ca­ti­ons, yet based on a few core tech­no­lo­gies, in the aero­space, medi­cal, auto­mo­tive, indus­trial and envi­ron­men­tal sectors.

“At GREMCO, an expe­ri­en­ced, two-person exter­nal manage­ment team is taking over the company. The cultu­ral fit was inten­si­vely reviewed by the sellers in several meetings; finally, a life’s work and a deser­ving team passes to MBI mana­gers Simon Specka and Niko­las Langes. GREMCO is a great niche specia­list. For us, the MBI team, the exis­ting team and the company are an excel­lent fit,” says Mana­ging Direc­tor Karl Chris­tian Vogel, explai­ning BayBG’s commitment.

The new owners Niko­las Langes and Simon Speckaare also satis­fied.: “With our part­ners­hip approach as new share­hol­ders, we want to conti­nue the quality and service promise of the foun­ders in the long term and support and serve the long-stan­­ding base of satis­fied custo­mers, some of whom have grown for deca­des, as before. We plan to leverage our exten­sive exper­tise in digi­tiz­a­tion, inno­va­tion and growth projects for the bene­fit of our loyal custo­mers and work­force. We are proud to have gained a renow­ned part­ner in BayBG to streng­t­hen our equity side, whose values are important to us, who under­stands our stra­tegy and will accom­pany our growth in the long term.”

About BayBG Baye­ri­sche Betei­li­gungs­ge­sell­schaft mbH

With an inves­ted volume of more than 300 million euros, BayBG Baye­ri­sche Betei­li­gungs­ge­sell­schaft is one of the largest provi­ders of equity capi­tal, espe­cially for Bava­rian SMEs. With its venture capi­tal and equity invest­ments, which it provi­des in the form of equity and mezza­nine, it enab­les medium-sized compa­nies to imple­ment inno­va­tion and growth projects, manage corpo­rate succes­sion or opti­mize their capi­tal struc­ture. BayBG opera­tes as an ever­green fund and is not subject to exit pressure.

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