CGS takes majority stake in Top-Werk Group

CGS will look to implement a buy-and-build strategy to drive Top-Werk's growth. Equity for the investment was sourced from the CGS III fund.

Hypovereinsbank and Sparkasse Ulm provided debt for the transaction.

Company
Top-Werk is a producer of machinery, systems and equipment for the concrete products industry. It was established out of the merger of Regensburg-based SR-Schindler and Blaubeuren-based Prinzing.

SR-Schindler is active in the high-grade finishing of concrete tiles and stones. Founded in 1982, it employs 75 people with an annual turnover of €20m.

Prinzing operates in the field of infrastructure construction. It was founded in 1862 and employs 50 staff. Its annual revenues amount to €10m.

People
Managing partner Christoph Haller led the deal on behalf of CGS.

Advisers
Equity -  Noerr LLP, Reinhard Ege, Oliver Schliesser (Legal, financial due diligence, IP due diligence); Ecosens, Albert von Daeniken (Environmental due diligence).
Vendor - White & Case, Stefan Koch (Legal); Gordion Solution, Matthias Golz (Corporate finance). 

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• Topics
• Buyouts
• DACH
• Industrials
• Buy-and-build
• Germany