DBAG-backed Ding Group bolts on Reinhard Rohrbau

The deal remains subject to approval from the competition authorities. A spokesperson for DBAG told Unquote that signing took place on 18 May 2020 and that closing is expected by the end of June 2020, although this could take longer due to the coronavirus situation.

Ding was formerly known as STG Group. DBAG bought a majority stake in the company in November 2019 and has since made a number of add-on acquisitions, including Iska Schön. DBAG invested €23.1m in equity in the company from its balance sheet and its fund ECF II, which held a final close in June 2018 on €97m. The fund invests in mid-market companies with enterprise values of up to €75m and deploys equity tickets of €10-30m.

The deal was financed solely via Ding and without any additional capital from its shareholders, the spokesperson told Unquote.

The GP has also secured acquisition financing for Ding from BlackRock, Unquote understands.

Ding reported revenues of €73m in 2019. The company is now expected to achieve revenues of approximately €147m, the spokesperson told Unquote. The acquisition of Reinhard Rohrbau will mark the group's third add-on in 2020 following the acquisition of Iska Schön and IMD.

Company
Reinhard Rohrbau specialises in infrastructure building projects, including pipeline, gas and water network construction, as well as telecommunications networks. The company generated revenues of €20.8m in 2018 and had 98 employees that year, according to NorthData, with revenues of €17.1m in 2019.

People
Reinhard Rohrbau – Uwe Burrichter (managing director).
Deutsche Beteiligungs AG – Ragnar Geerdts (member of the board of directors).

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