Invision buys Niclen

The GP drew equity from Invision V, a €285m fund that held a final close in July 2013. It is currently raising for Invision VI, which was launched earlier this year and is aiming to raise €400m with a €450m hard-cap.

Niclen was sold by M&A adviser Rautenberg & Company and was marketed based on an EBITDA of €5m from €20m in revenues, according to Unquote sister publication Mergermarket.

Invision plans to internationalise Niclen and further expand its rental portfolio. It will support this expansion with additional capital injection and add-on acquisitions.

The sale completed a succession arrangement for the Valasik family. Founder Bodo Valasik has divested his stake and his son Nico will continue to run the company alongside co-CEO Jörg Stöppler.

Company
Niclen was founded in 1992 and is headquartered in Dortmund. The company rents a portfolio of 36,000 premium lighting and audio products, as well as accessories, to 700 professional clients from the events industry. Events equipped by Niclen include exhibitions and trade fairs, corporate events, concerts and festivals. The company employs 60 people.

People
Invision Private Equity – Peter Kroha (managing director).
Niclen – Bodo Valasik (founder); Nico Valasik (co-CEO).

Advisers
Vendor – Rautenberg & Company (corporate finance).
Acquirer – Rödl & Partner (financial due diligence, tax); Hogan Lovells (legal); Codex Partners (commercial due diligence).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Invision Private Equity AG