Ambienta generates 50% IRR on sale of Oskar Nolte

Unquote understands that the sale generated an IRR of 50% for Ambienta II, the €323.5m buyout fund used for the original investment. 

Ambienta introduced a professional management team to Oskar Nolte, hiring a CEO, COO and head of finance. The company had previously been led by a single shareholder.

Oskar Nolte also expanded its international presence with the GP's support, opening a new office in Turkey and launching additional products. The original investment was led by Ambienta's DACH team in Munich, which now operates out of Düsseldorf.

Previous funding
Oskar Nolte was Ambienta's first investment in Germany; the GP announced the deal in April 2015 shortly after it opened a Munich office to focus more on the DACH region. The GP acquired a substantial stake for €20m, drawing equity from Ambienta II, which held a final close in November 2014.

Company
Headquartered in Kirchlengern, Oskar Nolte manufactures solvent-free wood coatings and lacquer systems for industrial applications in the furniture industry. Founded in 1959, the company prevented the equivalent of 1,600 trucks of solvent from being used in 2017, reducing pollutants by 23,260 tonnes and CO² emissions by 2,562 tonnes, according to a company statement.

People
Ambienta – Nico Helling (partner); Kai Hübner (associate).
Oskar Nolte – Arne Duessen (CEO).

Advisers
Equity – Livingstone Partners (M&A); Watson Farley Williams (legal); PKF (financial due diligence).

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