NGC acquires Gelford Gebäudereinigung & Dienstleistungen

Gelford's managing director has taken a stake in the business along with NGC, according to a statement.

NGC is a private equity subsidiary of listed Mediqon, which acts as the firm's anchor investor, and the firm has €30m in committed capital, according to its website. The firm focuses on DACH-based businesses with EBITDA of €500,000-3m, providing long-term equity investments of €1.5-10m for majority or minority stakes.

Company
Based in Essen, Gelford provides cleaning services for buildings in Essen and North Rhine-Westphalia, including window and solar panel cleaning, gardening, carpet cleaning and specialised services for winter, such as snow and ice removal. Its clients include Strabag, Edeka, Stadtwerkessen and Sparkasse Essen, according to its website. Founded in 1978, the company has 850 employees.

People
NGC Nachfolgekapital – Alexander Preussner (managing partner).

Advisers
Equity – King & Wood Mallesons, Michael Roos, Katrin Thoma, Lorenz Liebsch, Simon Brandt (legal).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany