DBAG in secondary buyout of R&M from Nord Holding

On completion of the deal, R&M will look to expand both geographically and through the expansion of its range of products and services.

DBAG has invested €7m from its balance sheet for a 16% stake in the business, while a further 17% stake has been acquired via the DBAG Expansion Capital fund.
The company's management team will hold the remaining 67% of shares following the deal, which is expected to complete by late September.

Under its previous owners, R&M expanded geographically via an acquisitive growth strategy, with a particular focus on the US market.

Previous funding
Nord Holding acquired a 70% stake in R&M from Bilfinger Berger Group in January 2007 for an undisclosed sum, according to unquote" data. WestLB provided a senior debt package to support the deal.

Company
Founded in 1887, Hamburg-headquartered R&M specialises in the interior outfitting of new and refurbished ships, as well as ship maintenance. The business generated a turnover of €122m in 2015 and has a headcount of 550. It has additional manufacturing sites in the German cities of Wismar and Rostock, as well as the Chinese city of Kunshan.

People
Deutsche Betailigungs AG – Torsten Grede (board member).
R&M International – Ramesh Krishnan (CEO, chairperson, managing partner).

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