CGS invests in Schaufler Tooling

The funding will enable Schaufler to undertake a global buy-and-build growth strategy.

According to unquote" data, CGS specialises in buyouts and buy-and-build investments for companies with revenues between €10-80m.

Last year CGS closed its third fund on CHF 208m, above its original CHF 200m hard-cap. The vehicle focuses on technology-based small- and medium-sized industrial companies in the German-speaking region.

In December last year, one of the vehicle's companies, industrial machinery business Top-Werk, received fresh capital to acquire Hess Group.

Company
Laichingen-headquartered Schaufler is a die-casting company that specialises in the production of lightweight body and structural components for the automotive industry. The company was founded more than 50 years ago and employs 130 people.

People
Rolf Lanz is a managing partner at CGS. Reiner Schaufler and Siegfried Heinrich are former majority owners of Schaufler Tooling.

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• Topics
• UK / Ireland
• Expansion
• Industrials
• CGS Management
• Germany