DBAG-backed STG to buy majority stake in IMD

A spokesperson for DBAG told Unquote that the deal will be financed by STG and its acquisition facility, without additional equity from DBAG.

The spokesperson added that IMD is the third add-on acquisition for the group. There are currently no new add-ons planned, but further acquisitions would not be ruled out, they added.

DBAG bought a majority stake in STG in September 2019, investing via DBAG Expansion Capital Fund, which held a final close on €242m in June 2011. The GP also invested €14m from its balance sheet, injecting €14m for a 36% stake in the business. The GP holds a majority stake in the business combining the investments from its balance sheet and the fund.

STG provides construction services with a focus on clients from the telecommunications industry, including fibre optic networks. It employs 90 people and reported sales of around €20m in 2018.

Company
IMD (Infrastrukturanlagen Montagedienstleistung) was founded in 2006 and reported turnover of €24m in 2019. It provides construction services for cable, energy, wastewater and communication network projects, as well as pipeline construction, lighting systems and drilling services. It is headquartered in Lehrte-Ahlten and also has sites in Norderstedt and Rendsburg. It employed 160 people in 2018, according to Northdata.

People
IMD Infrastrukturanlagen Montagedienstleistung – Andreas Ahmann, Josef Wichmann (managing directors).

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• Topics
• Portfolio management
• DACH
• Industrials
• Build-up
• Germany
• Deutsche Beteiligungs AG