DBAG backs MBO of Formel D GmbH

The equity was sourced from DBAG Fund V. The GP also invested £10.4m from its balance sheet, acquiring 15% of Formel D. The remaining stake will be held by the fund and the company's management.

Company
Formel D is a German support services company based in Munich. It provides quality assurance, retooling and post-processing services to automobile manufacturers and their suppliers. Founded in 1993, Formel D operates in 64 different locations, 21 of which are in Germany.

People
Rolf Scheffels led the deal on behalf of DBAG. Viola Metzner and Hans-Josef Orth are Formel D's founders and represent the selling party. Maurizio Carroccia represented the management team.

Advisers
Equity - Ernst & Young, U. Gold, D. Koester, C. Albrecht, C. Kuhlmann, B. Mueller, T. Krummheuer, F. Huber, B. Ellinger (Financial & commercial due diligence, tax); SJ Berwin, C. Brenner, B. Geck, J. Marniok, D. Schiele, M. Kreft, C. Hackbarth (Legal, corporate finance); Willis, E. Stroesser, J. Born (Insurance due diligence); URS, J. Strassenburg, H. Hoernemann, A. Lehmann (Environmental due diligence).
 

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• Topics
• DACH
• Support services
• Buyouts
• Deutsche Beteiligungs AG
• Germany