VR Equitypartner, SüdBG sell Piller to Riflebird

Riflebird span out of industrial holding company Andlinger & Company in 2016 to broader its investment approach.

The PE firm targets companies with sales between €20-200m in a range of B2B sectors across central and northern Europe with a focus on Benelux and Germany.

Fresh capital from the transaction will be used to drive Piller's expansion into the US and Asia.

Previous funding
VR Equitypartner teamed up with SüdBG (then LBBW Venture Capital, and 100% owned by Landesbank Baden-Württemberg) on the buyout of Piller in April 2014. VR Equitypartner is a subsidiary of DZ Bank.

Company
Headquartered in Ditzingen, Piller specialises in the deburring and cleaning of metallic components with high-pressure water, cutting oil and cooling lubricants. The company employs approximately 100 people and operates predominantly in the automotive sector. It was founded in 1995, has an annual turnover of approximately €30m.

People
Riflebird Capital – Sylvia Gilis (managing partner).
Piller – Thomas Piller (CEO).

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