VR Equitypartner and BayBG buy Hör Technologie in MBO

Frankfurt-based VR Equitypartners and Munich-based BayBG co-invested in Hör Technologie alongside the firm's managing directors Dietmar Wohlfart and Hilmar Brödler.

BayBG has been a silent partner in Hör Technologie for the past 15 years.

The investment is the second deal for VR Equitypartner in as many months, after stepping out of shoe care business Melvo on September 18.

At the beginning of the year, VR Equitypartner teamed up with Bayern LB to acquire test and measurement equipment manufacturer GHM Messtechnik from BPE Unternehmensbeteiligungen for an estimated €50-100m.

The MBO of Hör Technologie is BayBG's seventh investment so far this year. In September, the Bavarian venture capital firm bought an 11.3% stake in impacore, a performance rating service provider.

Prior to this, BayBG acquired a minority stake in puracon, a supplier of packaging for medical products, in August. The GP invested in tiramizoo in the same month, buying an 8.5% stake in the messenger service start-up from High-Tech Gründerfonds.

Company
Hör Technologie is headquartered in Weiden, with a second plant in Mitterteich. The firm produces power transmission and gearing systems, as well as camshaft and cogwheels, for the automotive and motorcycle industries. 

Founded in 1978 by Albrecht Hör, the firm currently employs 250 staff.

People
Albrecht Hör will remain an adviser to the firm. Martin Völker is managing director of VR Equitypartner. Thomas Bucksteeg led the deal for BayBG.

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• Topics
• DACH
• Industrials
• Buyouts
• Germany
• Bayerische Beteiligungsgesellschaft mbH (BayBG)