Riverside exits Rameder

Munich-based Findos Investor has acquired Rameder in a secondary buyout. Findos invests in Mittelstand companies with a turnover between €10-150m.

Under Riverside's ownership, Rameder strengthened its position in the German-speaking countries and expanded throughout Europe, particularly in Benelux, France and the Nordic region. Riverside also invested in Rameder's sales and marketing divisions and enabled the firm to complete the bolt-on of rival Bertelshofer.

Riverside has recently been active across Europe, and the divestment follows two investments in December. The GP backed Norway-based Mintra Trainingportal, an online learning resource for oil and gas businesses, before announcing its investment in UK-based contractor accountant Brookson later that month.

Previous funding
Riverside Europe Partners acquired an 80% stake in Rameder Anhängerkupplungen und Autoteile in January 2011, with management securing the remainder. Riverside used its fourth Europe fund to finance the transaction, according to unquote" data, while a debt package was provided by Landesbank Baden Württemberg.

Company
Headquartered in Munschwitz, Rameder sells tow bars, automotive carrier systems and related accessories via its online shop. The company was founded in 1996 and sells more than 150,000 trailer couplings per year in Germany. It has 120 employees and generates more than €50m in yearly sales.

People
Peter Schaberger is a partner at Riverside. He was joined in the transaction by vice president Sven-Hendrik Schulze and senior associate Matthias Fink.

Advisers
Vendor – Altium Capital (Legal); Watson Farley & Williams Simon Preisenberger, Verena Scheibe, Marcel Nurk, Zuzana Meinecke Fábry, Henrik Lay, Daniel Hiemer, Wichard von Hoff, Paul-Vincent Hahn (Corporate finance, tax); Roland Berger (Corporate finance); KPMG (Financial due diligence).

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• Topics
• DACH
• Exits
• Consumer
• Germany
• Riverside
• Findos Investor
• Secondary buyout