Quadriga buys GBA from Adiuva

GBA managing director Manfred Giesecke alongside the management team re-invested for a minority stake in the business.

The acquirer invested via Quadriga Capital Private Equity Fund IV, which closed on €529.1m in February 2013 after two years of fundraising. Quadriga focuses on the support services, healthcare, industrials and e-commerce sectors.

According to news website Juve, IK Investment Partners was also among the bidders for GBA.

Previous funding
Adiuva acquired 49.1% of GBA in September 2011. It was the firm's first acquisition.

Company
GBA is a German laboratory group specialised in the analysis of food, environmental samples, consumer goods and pharmaceuticals. The business is headquartered in Hamburg, has 10 sites in Germany and one in Austria.

People
Adiuva Capital – Jan Tobias Osing (partner).
Quadriga Capital – Alexander Friedrich (partner).

Advisers
Equity – Latham & Watkins (legal).

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• Topics
• Buyouts
• Support services
• DACH
• Germany
• Secondary buyout