DPE invests in Massenberg

DPE acquired its majority stake from seven undisclosed shareholders. Managing director Heiner Stahl will remain in his position as a shareholder in the company.

DPE is currently investing from its DPE Deutschland III vehicle. It held a final close in 2017 on €575m and was 44% deployed as of March 2018. The firm traditionally invests between €20-60m in portfolio companies.

Following the transaction, DPE will provide capital to consolidate the restoration market and significantly expand revenue. The company has already participated in discussions to acquire companies, according to a statement. It also plans to expand beyond core markets.

Company
Founded in Essen in 1906, Massenberg employs 300 people in eight locations in Germany. The company specialises in construction restoration in the DACH region. It offers services including concrete repair, corrosion protection and industrial painting work. Massenberg specialises in the restoration of multi-storey car parks, underground garages and high-rise buildings.

People
DPE Deutsche Private Equity – Mark Suderow (investment director).
Massenberg – Heiner Stahl (managing director).

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• Topics
• Buyouts
• DACH
• Industrials
• Deutsche Private Equity
• Germany