GEBO Bottmersdorfer Gerätebau GmbH (Germany) - Dec 2007

unquote
01 December 2007

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Investors

AVIDA Group has wholly acquired GEBO Bottmersdorfer Gerätebau GmbH as part of its buy-and build strategy for portfolio company HOLMER Maschinenbau GmbH, a provider of self-driven beet harvesting technology. The deal originated from previous contact between the management of HOLMER and GEBO, and the purchase of GEBO by AVIDA Group was fully endorsed by the staff of GEBO, as AVIDA was planning to retain the production site, and offered a growth strategy for the company that includes organic growth as well as further acquisitions. HOLMER is a wholly-owned participation of the AVIDA MidCap Fund. The purchase of GEBO enables HOLMER to expand its product range by including harvesting and cleaning technology for sugar beet and to meet the market demand for full line concepts. Avida plans to grow the company by increasing production capacities, and incorporate GEBO into HOLMER, where the company will have access to HOLMER’s global distribution and service network.

Debt

Rabobank arranged the financing.

Company

GEBO Bottmersdorfer Gerätebau GmbH is headquartered in Groß Germersleben and produces selfdriven sugar beet cleaning and loading machines, as well as soil working equipment for export into 17 European countries. Important markets are Russia, Belarus, Northern Africa and China, where the amount of produced sugar beet is growing significantly. The company was founded in 1990 and employs 62 staff.

People

Clemens von Berger and Peter Folle handled the transaction for AVIDA Group, CEO Bernd Ludewig represented HOLMER, Heinz Rainer Martin represented GEBO.

Advisers

Equity - Karl Berg, Kai Udo (Financial Due Diligence)Equity - Taylor Wessing, Ernst , Maria Weiers (Legal)

Sourced from: Deutsche unquote" 94 (Jan 2008)