CIC Capital acquires a minority stake in Brüning Group

Germany-based Pesca Private Equity also participated in the transaction, taking a smaller stake than CIC. The vendor was the sole shareholder of the company, Arnd Brüning, who will remain the majority shareholder and CEO.

CIC aims to advise and support family businesses with co-investment. The firm acquires minority stakes with governance rights for between €3-50m, investing from its own capital pool of approximately €700m.

Debt from a local debt provider was used for the deal.

The company recently expanded internationally with an acquisition in Copenhagen; the owner brought in the investors to provide financial resources and the network to expand organically and through acquisitions. The company plans to expand further into Europe and outside Europe in the future.

Company
Headquartered in Fischerhude, Brüning disposes of and supplies raw materials for a range of applications such as gardening, landscaping, agriculture and energy production. The company is made up of four subsidiaries: Brüning Euromulch, Brüning Megawatt, Brüning Logistik and Brüning International.

The company was founded in 1992 and reported annual revenues that exceeded €90m in 2018.

People
CIC Capital – Pascal Keck (director).
Brüning Group – Arnd Brüning (CEO).

Advisers
Equity – Pöllath + Partners (legal); Kloepfel (corporate finance).
Company – BME (legal).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Credit Mutuel Equity (ex CM-CIC Investissement)
• Minority investing
• Owner buyout