DBAG's Ding Group bolts on Iska Schön

Iska Schön is the second add-on for Ding, the GP said in a statement, following the acquisition of STG Braunsberg in September 2019.

DBAG invested in STG 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. DBAG holds a majority stake in the company, combining the investments from its balance sheet and the fund.

In February 2020, STG bought a majority stake in market peer IMD in a deal financed from STG's balance sheet, as reported by Unquote.

STG employs 90 people and reported sales of around €20m in 2018. It focuses on clients from the telecommunications industry.

DBAG is currently on the road for DBAG Fund VIII, which anticipates a final close in Q3 2020 and is targeting €1.1bn, as reported by Unquote.

Company
Iska Schön specialises in civil engineering and fibre-optic infrastructure projects. ​​In the field of underground civil engineering, the company provides installation services for projects including sewer construction and pipeline engineering. Its telecommunications services include the installation and maintenance of fibre-optic networks. The company's client base includes energy suppliers, municipalities and construction companies.

Founded in 1961 and based in Holzkirchen, Iska Schön employs 200 staff and reported 2018 revenues of €33m, with profit of €3.5m, according to Northdata.

People
Iska Schön – Mike Schön (managing director).
Deutsche Beteiligungs AG – Ragnar Geerdts (managing director, member of the managing board).

Advisers
Company – Livingstone, Johannes Faber (M&A).

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