HIG Europe takes stake in Losberger
HIG Europe has acquired a majority stake in tent and hall systems provider Losberger Group.
The investor was attracted by the product range, manufacturing quality and international focus of the company. HIG will pursue further growth and expand Losberger's service and product portfolio through acquisitions in Germany and abroad.
Debt
The deal was an all-equity transaction. However, HIG is looking to refinance in the coming months.
Company
Bad Rappenau-based Losberger Group develops, produces, distributes and rents tents and halls. Founded in 1919, the group provides tent and hall systems for industry and commerce operating in the fields of civil defence, rescue services, the military, disaster management and relief organisations.
The firm has a turnover of more than €100m and operates offices in France, Italy, China, the UK and the US. Currently Losberger employs more than 700 people.
People
Klaas Reineke and Wolfgang Biedermann managed the transaction for HIG Europe.
Advisers
Vendor – Rittershaus Rechtsanwälte Partnerschaftsgesellschaft (Legal).
Equity – Latham & Watkins (Legal).
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