DBAG buys minority stake in Mageba

DBAG provided 47% and the DBAG Expansion Capital Fund 53% of the investment total, acquiring the shares from principal shareholders Thomas Spuler and Gianni Moor, who will continue to hold a majority stake in the company.

In order to increase the capital-to-assets ratio, DBAG and the fund subscribed to a capital increase. Approximately CHF 15.1m will be invested.

The transaction awaits regulatory approval and is expected to close in the first quarter of 2016.

Since 2012, DBAG has been investing alongside the DBAG Expansion Capital Fund, mainly acquiring minority stakes in growing family-managed businesses. Mageba was the fund's seventh investment.

Company
Founded in 1963 and headquartered in Bülach, Mageba provides structural bearings, expansion joints and other products and services for the infrastructure and building sectors. The company employs 800 staff and has subsidiaries in Australia, China, Croatia, Germany, Hungary, India, Mexico, Slovakia, South Korea, Turkey, the UK and the US. Expected revenues for 2015 are CHF 97m.

People
Rolf Scheffels is member of the DBAG board of management. Thomas Spuler is chairman of the board and CEO of Mageba.

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• Topics
• Expansion
• DACH
• Industrials
• Switzerland
• Deutsche Beteiligungs AG