FSN buys Rameder from Findos

It is the first deal FSN has completed in Germany since setting up a Munich office in March this year.

The GP drew equity for the deal from FSN V, a €1bn buyout fund that held a final close in December 2016.

The sale ends a holding period of almost four years for Findos, which acquired the company from Riverside Europe.

Findos hired William Blair to sell the company in November, according to Unquote sister publication Mergermarket. The company was marketed based on €12m EBITDA from €70m revenues according to Mergermarket.

Previous funding
Riverside acquired Rameder in January 2011, drawing equity from Riverside Europe Fund IV. It sold the business to Findos almost exactly four years later.

Company
Headquartered in Leutenberg, Rameder sells tow bars, automotive carrier systems and related accessories via its online shop. The company was founded in 1996 and sells more than 300,000 trailer couplings per year in Germany. It has 200 employees and generates €70m in yearly sales. The company has additional offices in Ingolstadt, Lille and Prague.

People
FSN Capital – Justin Kent (partner); Eskil Koffeld (investment director); Clemens Plainer (investment professional).

Advisers
Acquirer – Hengeler Mueller (legal); Bain (commercial due diligence); Alvarez & Marsal (financial due diligence); PwC (tax, ESG due diligence); Eccelerate (commercial due diligence); JLT (insurance due diligence); MCF Corporate Finance (corporate finance).
Vendor – William Blair (corporate finance).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Exits
• DACH
• Consumer
• Secondary buyout
• Germany
• FSN Capital
• Findos Investor