Invest AG, Raiffeisen KMU team up on Bilfinger buyout
Austrian PE firms Invest Unternehmensbeteiligungs AG and Raiffeisen KMU Beteiligungs teamed up on the buyout of German construction rental business Bilfinger Geratechnik, according to an announcement on 21 December 2018.
After the transaction, Bilfinger will be held 49% by the management, 41% by Invest AG and 5% by Raiffeisen.
The business was carved out of German-listed group Bilfinger and comprises six locations. The unit generated sales of €36.9m in 2017.
Invest AG claims to be Austria's largest private equity fund with a volume of €180m.
Company
Bilfinger is the construction equipment rental business of listed engineering company Bilfinger SE. It provides equipment and delivery for a range of construction projects.
People
Bilfinger Geratechnik – Gerhard Hunger (CEO).
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