Demeter exits Födisch

As part of Demeter's exit, the company's founder, Holger Födisch, and Wachstumsfonds Mittelstand Sachsen (WMS) increased their stakes in the business.

Födisch stated that it wants to apply a buy-and-build strategy, trying to achieve a turnover of €50m in the future.

Previous funding
In 2012, WMS and Demeter acquired a 26.5% stake in Födisch in a secondary buyout from Hamburg-based Beaufort Capital. The shares were bundled with the owner's and his family's shares, which in total formed a majority stake in the business. Further shares were held by one strategic investor and four private investors. Sachsenbank provided debt to finance the transaction. Leverage accounted for less than 50% of the deal value.

CFH Beteiligungsgesellschaft first invested in the company in 2000 when the firm took a 10% stake. It exited in 2007, having increased its stake to 15%. The GP continued to track the business following its exit and decided to reinvest with its new fund, WMS, when the opportunity came up.

Company
Founded in 1991 and based in Markranstädt, Födisch Umweltmesstechnik specialises in cleantech and provides its customers in Europe and Asia with products such as emission and process monitoring systems. It notably cooperates with companies in China, its main market. Its last reported turnover was €18m, with 250 employees.

People
Födisch – Holger Födisch (CEO).

Advisers
Company, WMS – Gruendelpartner, Mirko Gründel (corporate finance).

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