VR Equitypartner takes majority stake in Piller Entgrattechnik

Süd Beteiligungen and VR Equitypartner have taken equal stakes as part of the deal, which was originally put forward by Süd. 

The current managing directors will remain in their roles and aim to exploit the future internal and external growth potential of the company with the assistance of their new backers. The management team had previously invested in the company and will retain their stake.

VR Equitypartner invests in medium-sized family-owned businesses, taking both majority and minority stakes, as well as offering mezzanine financing facilities. The company's portfolio amounts to around 100 investments totalling €570m.

DZ Bank is the fourth largest bank in Germany and operates both as a co-operative bank and as an investment bank. It is part of the Volksbanken Raiffeisenbanken Co-operative financial network.

Company
Headquartered in Ditzingen, Piller Entgrattechnik specialises in the deburring and cleaning of metallic components with high-pressure water, cutting oil and cooling lubricants. The company employs approximately 55 people and operates predominantly in the automotive sector.

Piller, which was founded in 1995, has an annual turnover of approximately €20m.

People
Thomas Piller, Martin John and Jörg Nubert are the managing directors of Piller Entgrattechnik. Christian Futterlieb is managing director at VR Equitypartner.

Advisers
Equity - Kuhn Carl Nordon Baum, Michael Rudnau, Alexander Henne (Legal); King & Wood Mallesons SJ Berwin, Tilman Siebert (Legal); RWT Reutlinger Wirtschaftstreuhand, Uli Glaser (Financial due diligence, Tax).
Vendor - Angermann M&A International, Michael Thiele, Nadine Ulrich, Christian Selter (M&A).

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• Topics
• DACH
• Industrials
• Buyouts
• Germany
• Volksbank AG