Brockhaus buys Auvesy

Founder Werner Schnaebele will retain a minority stake alongside Thomas Hoerauf, but has resigned from his role as managing director.

The GP draws equity from its third fund, a vehicle that originally targeted €175m and held a first close on €80m in January 2014.

The buyout solves a succession issue for the founders, and the vendors said in a statement that they chose Brockhaus as a partner due in part to the cultural fit.

Brockhaus said it plans to take advantage of the global trend towards highly interconnected manufacturing equipment with this investment.

Debt
Idinvest Partners is arranging a unitranche debt package for the buyout. No details have been disclosed but Idinvest generally invests €10-50m per transaction.

Company
Auvesy was founded in 2007 by Werner Schnaebele and Thomas Hoerauf. It provides data management software for production facilities. Its clients include Volkswagen, The Coca-Cola Company, Siemens, ABB, Kuka, Rockwell and Mitsubishi. The company is based in Landau but has operations in 40 countries and employs 65 people.

People
Brockhaus Private Equity – Marco Brockhaus (CEO).
Auvesy – Tim Weckerle (CEO).

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• Topics
• Buyouts
• DACH
• Technology
• Germany
• IDInvest Partners (AGF Private Equity)