HQIB buys Mincam

It is the first investment made by HQIB since it was established in January 2018.

The team is led by three former members of HQ Equita, Gregor May, Hansjörg Schnabel and Christian Kaufmann, as well as former BC Partners investment professional Matthias Weigend.

HQIB will target DACH-based businesses with EBITDA between €1-5m, whereas HQ Equita, the mid-cap buyout fund of HQ Capital that is also partially funded by the Harald Quandt family office invests in businesses with minimum EBITDA of €5m. HQIB has the flexibility to take minority and majority stakes and has a variety of financing types at its disposal.

Furthermore, HQIB pursues an industry holding approach aiming to build and develop a sustainable industrial portfolio. The structure does not enforce any time restrictions and generates its returns primarily from dividend payments, not exits. 

In the case of Mincam, the deal was financed as an all-equity majority transaction valued between €5-25m, with the expectation of a recapitalisation in the next two years.

Founder and managing director Hermann Fritz will remain with the company, but the management team will also be expanded by the addition of Frank Keller.

Company
Founded in 2009 and headquartered in Oberstdorf, Mincam makes cameras for the inspection of pipes. The camera heads are made for the optical inspection of wells, drains, sewers, and drain and freshwater pipes, as well as in industrial facilities.

People
Harald Quandt Industriebeteiligungen – Gregor May (managing director); Matthias Weigend (principal).
Mincam – Hermann Fritz (managing director); Frank Keller (managing director).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany