DBAG invests €27m in Oechsler

DBAG itself will hold 8.4% of Oechsler shares, worth €11.3m. The DBAG Expansion Capital Fund has contributed the remaining €15.7m for an 11.6% stake. The founding family will continue to hold their 80% stake in the company.

The fresh funding has been earmarked for the company's international expansion.

DBAG's investment model is to take minority stakes in family-owned Mittelstand companies alongside its fund. The deal marks the DBAG Expansion Capital Fund's fourth investment.

DBAG already has an automotive supplier in the portfolio: Formel D, which it acquired in February 2013 in a management buyout. It invested via its fifth fund, as well as committing £10.4m from its balance sheet for a 15% stake.

Company
Founded in 1864 by Matthias Oechsler, the plastics engineering company produces precision plastic parts and components. It provides product development, prototyping, product management and specialised tool making. It supplies customers operating in the automotive, medical, communication and industrial technology sectors, while 80% of its revenues come from automotive suppliers.

Around 15% of Oechsler's revenues stem from sports and clothing suppliers, while precision components for medical devices contributes approximately 5% of revenues. The comapny generated revenues of €250m in 2013.

Oechsler employs 2,200 people at five production sites in Europe, Asia and the US, 1,290 of whom work at its Ansbach headquarters and in Weissenburg.

People
Rolf Scheffels is a member of DBAG's board of management. Wolf Mang is chairman of Oechsler's supervisory board.

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