DI Mittelstand acquires Loibl from B&W

The company's management team and employees will remain with the company following the carve-out.

DI Mittelstand invests equity tickets of up to €20m in companies that generate sales of €20-300m.

Proceeds from the sale of Loibl will be used to reduce B&W's debt, provide working capital, and strengthen the company's liquidity and overall financial position, according to a statement.

Previous funding
B&W acquired Anlagenbau und Fördertechnik Arthur Loibl in 2011 for an undisclosed amount.

Company
Loibl manufactures conveying systems. Its product range includes wave edge, chain, bucket, crop, apron, pipe and screw conveyors, and wet slag removers. Founded in 1961 and headquartered in Straubing, Loibl employs around 140 people.

People
Deutsche Invest Mittelstand – Jens Biermann, Henning Walf (managing partners).
Babcock & Wilcox – Kenneth Young (chief executive officer).

Advisers
Vendor – Acxit Capital Partners (M&A).

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• Buyouts
• DACH
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• Mittelstand