Netherlands-based GP Bencis Capital has invested in steel reinforcements manufacturer Gebhardt-Stahl.
The management team will continue to lead the company.
Bencis is currently investing from its Bencis Buyout Fund V, which closed on €425m in 2016. Bencis invests in businesses with EBITDA of up to €50m.
In 2017, the company spent €5.5m on its production and warehouse facilities in Germany and also invested in its Polish facilities.
Founded in 1973, Gebhardt-Stahl manufactures steel reinforcement sections for PVCu windows and doors. It also manufactures HVAC components and vineyard stakes. It is based in Werl and employs 165 people.
Gebhardt-Stahl – Dominik Hoffmann (managing director).
Also participating in the round were angel investors including the founders of Just Spices
Stake owned by EQT is transferred from EQT VII to its successor funds EQT VIII and EQT IX
Miya is a portfolio company of Bridgepoint Europe VI, a €5.7bn fund that invests in companies with EV of €200m-1bn
Mid-cap buyout-focused fund-of-funds closed on €162m and has made 14 of its 20 planned investments