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).
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint