Afinum buys Ventomaxx

The founding family, including Hans Schorsch and his sons Philipp and Florian, remain invested alongside Afinum in this proprietary transaction.

A spokesperson for Afinum told Unquote it was attracted to the company due to growth in the decentralised ventilation market. As building insulation improves, better ventilation systems are required to prevent mould formation and are gaining market shares against centralised ventilation systems due to their cost efficiency, the spokesperson said.

Afinum and the Schorsch family plan to roll out the business model to new regions in Germany, as well as internationally. Fresh capital will be made available for bolt-ons.

The GP drew equity for the investment from Afinum Achte Beteiligungsgesellschaft, a €410m buyout fund that makes investments of between €20-50m. Prior to this transaction, it was approximately 13% invested across two deals, according to Unquote Data.

Debt was provided by DZ-Bank and BayernLB.

Company
Ventomaxx was founded in 1996 and is headquartered in Landshut. The company designs and sells decentralised ventilation systems for a range of different buildings, including hotels, schools, restaurants, student residencies and administration buildings.

People
Afinum Management – Jochen Klemmer (senior partner); Christof Schlindwein (investment manager).
Ventomaxx – Hans Schorsch (founder).

Advisers
Equity – PSP München (tax, financial due diligence); Bluemont Consulting (commercial due diligence); CMS (legal).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Afinum