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).
Vehicle is expected to hold a final close in March 2020, Unquote understands
Merger of German and Dutch peers will result in a client base of 3,500 companies
Fund's predecessor, BlackFin Financial Services Fund II, closed on €400m in 2016
GP will support the Munich-based software company's growth by broadening its product offering