Significant Growth Potential due to “Industrial Internet of Things” and Increasing Digital Interconnection of Manufacturing Equipment
Landau / Frankfurt am Main, 07th September 2017 – Brockhaus Private Equity, an independent growth and buy-out investor focusing on innovation and technology leaders, has acquired a majority stake in Auvesy GmbH [&] Co. KG via a succession arrangement. Based in Landau, in the Palatinate region of Germany, the software provider offers world-beating data management solutions for highly automated manufacturing firms. Auvesy software solutions are being successfully employed by large international corporations, including Volkswagen, Daimler, Siemens, Coca-Cola and Merck.
As part of a management buy-out, a majority stake in Auvesy GmbH [&] Co. KG has been acquired by the fund Brockhaus Private Equity III. Werner Schnaebele, Auvesy’s founder, has ceased to be the majority shareholder and will resign from his role as managing director. However, both he and fellow shareholder Thomas Hoerauf will continue to hold a significant minority stake in the firm. In addition, he will remain closely linked to the company in an advisory role. Dr. Tim Weckerle, a management team member who joined the firm in 2011, has also acquired a significant stake in Auvesy and will take over as CEO. Investment firm Idinvest Partners arranged and underwrote the unitranche financing for this transaction.
Auvesy – featured in the Top-100 Industrial IoT firm ranking – is a key trailblazer for companies seeking to adjust to the requirements of the 4th industrial revolution and the so-called “Industrial Internet of Things“ (IIoT): Auvesy’s proprietary software solutions enable manufacturing firms equipped with automated machinery and assembly lines to benefit from centralized information and data storage, automated back-up, version control with detailed change tracking, clear documentation as well as high user-friendliness. Production-relevant data can be easily inspected and swiftly accessed at all times, simplifying maintenance procedures and output optimization. In addition, downtimes and risks resulting from unauthorized accessing are being significantly reduced. Auvesy software solutions are in use in a range of different industries, including the automotive, chemical, energy generation, food production as well as industrial equipment.
“The new shareholder structure and our succession arrangement put Auvesy firmly on track to continue sustainably its ten-year success story in the future”, comments Auvesy CEO Dr. Tim Weckerle. “The added expertise and resources supplied by our new majority shareholder will give our company a crucial boost during a vital phase of its development, not only by helping us enlarge our product range, but also by accelerating our global expansion”, adds Weckerle.
“In choosing our new majority shareholder, we have been extremely meticulous: As a partner of medium-sized growth champions, Brockhaus Private Equity enjoys an outstanding reputation”, says Werner Schnaebele, Auvesy’s founder. “We have achieved a succession arrangement that will make Auvesy much stronger in both the short and the long run while also being well-suited to our corporate culture, and we are very pleased with this. I myself will remain closely linked to Auvesy and will keep contributing to the firm’s success in an advisory role”, explains Schnaebele.
“As an experienced technology investor who has had a key role in the success stories of such firms as Wirecard and 360T, we are convinced that Auvesy is destined for a great future”, expounds Marco Brockhaus, founder and CEO of Brockhaus Private Equity. “With its innovative and scalable business model, the firm is in perfect shape, while also being fast growing and highly profitable. The ongoing global trend towards highly interconnected manufacturing equipment ensures that Auvesy will have excellent prospects”, adds Brockhaus.
Launched in 2007, Auvesy GmbH [&] Co. KG (www.versiondog.de) is a leading global provider of data management software for automated production facilities and manufacturing operations. The customized Auvesy software solution named “versiondog” allows manufacturing firms to benefit from a user-friendly all-in-one product offering centralized data storage, automated back-up, version control with detailed change tracking, clear documentation as well as compatibility with the system requirements of different equipment suppliers (including Siemens, ABB, Kuka, Rockwell and Mitsubishi). Auvesy software is already in use in more than 40 countries around the world in a range of different industries. The company is based in Landau, in the Palatinate region of Germany, and has around 65 employees.
On Brockhaus Private Equity
Brockhaus Private Equity (www.brockhaus-pe.com) was founded in 2000 in Frankfurt am Main, Germany. As an independent growth investor specializing in buy-outs and expansion financings, Brockhaus Private Equity focuses on innovation and technology leaders in the German speaking regions, respectively managing and advising funds with a total volume of more than € 285 million. The funds make equity and equity-related investments in the range of € 5 million to € 25 million per transaction.
On Idinvest Partners
Idinvest Partners (www.idinvest.com) is a leading European independent private equity firm focusing on the European mid-market. Idinvest Partners has over € 10 billion in assets under management, across Funds of Funds, Venture Capital and Private Debt. With committed capital of more than € 3 billion in Private Debt, Idinvest Partners is able to offer the full range of financing options to European mid-market companies (mezzanine, unitranche, senior loans). Idinvest Partners typically invests between € 10 million and € 50 million per transaction.
About CatCap und Globalscope
CatCap and the international M[&]A network Globalscope offer integrated cross-border M[&]A consulting services for medium-sized transactions. CatCap – a partner led corporate finance firm – advises businesses and shareholders to realise their strategic objectives ensuring the highest level of quality. CatCap is based in Hamburg and Munich with 26 employees. Globalscope has 53 members in 42 countries with more than 600 professionals worldwide.
For further information, please visit www.carlsquare.com and www.globalscopepartners.com