Rhein Invest acquires majority stake in CVS
Dutch GP Rhein Invest has acquired a majority stake in German engineering company CVS as part of an MBO related to the company's shareholder succession planning.
Previous shareholder Fusheng industrial, a Taiwanese engineering company, has also sold its stake.
Rhein Invest aims to grow the company and enable it to expand to new markets.
Rhein Invest targets profitable Dutch and German SMEs. Its recent activity includes the acquisition of an undisclosed majority stake in Welgro, a Dutch producer of bulk trailers for animal feed.
Company
Based in Rheinfelden, Baden-Württemberg, CVS produces compressors, vacuum pumps and compressed air systems for road, rail and production use. The company was founded in 2006 and employs 78 people. It had total assets of €11m in December 2017.
People
Rhein Invest – Jan Middelburg (partner and founder).
CVS – Frank H Pfister (managing director).
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