VR Equitypartner buys minority stake in GBS

The GP acquired a minority stake while existing investors retain the controlling stake. The management team will increase its stake for an undisclosed amount.

GBS's existing shareholder base includes Munich-based holding company Mirablau Equity and special situations investment fund Induc.

VR Equitypartners injected fresh capital, with a co-investment by its government-backed sister company VR Equity Gesellschaft.

According to a statement, the company and its existing investors will use the capital injection to expand the business internationally as well as across new sectors. A representative from the GP is expected to join the company's board.

Previous funding
In December 2003, Induc fully acquired the business through its sister company Cucina Holding.

Company
Headquartered in Bayreuth, GBS spun out from its parent company Grundig in 2001, following the initiation of its parent company's insolvency proceedings. The company produces audio recorder equipment and dictation systems and employs a staff of 160.

People
VR Equitypartners – Christian Futterlieb (CEO).
Induc – Frank Töfflinger (CEO).
Grundig Business Systems – Roland Hollstein (CEO).

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• Topics
• Expansion
• Consumer
• DACH
• Germany