PMG MittelstandsGruppe buys majority stake in GDS

Karl Ludwig Kley, an operating partner at PMG, told Unquote that the shares were bought directly from the company's founders and that the deal was sourced through a direct approach via PMG's network.

Founders Dietmar Dürr and Stefan Schäfer will retain a minority stake in the company and have retired from their management positions. Thomas Löhn and Alexander Seyboldt will become the company's managing directors and will also own a minority stake in the company.

PMG intends to support the company's growth and expand its production site in Ofterdingen, according to a statement. Kley added that the GP will also support the company's international growth and assist with the development of new products.

The GP invested from PMG II, which was first registered in July 2017, according to publicly available documents. The fund was launched in April 2018, according to the GP's website. The vehicle generally invests in companies based in the DACH region with a yearly turnover of €3-10m and EBIT of more than €500,000. The Frankfurt-based GP also aims to provides succession solutions for Mittelstand companies.

Company
Founded in 1998, GMS produces grinding wheel holders and clamping devices for engines. It also manufactures symmetrical rotational precision parts for fixtures, machines and tool construction. The company has customers in 40 countries and employs 50 staff. It is headquartered in Ofterdingen, Baden-Württemberg.

People
PMG MittelstandsGruppe – Karl Ludwig Kley (operating partner).
GDS – Thomas Löhn, Alexander Seyboldt (managing partners).

Advisers
Equity – CMS, Christian Schubert, Florian Plagemann, Hendrik Hirsch (legal).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany