Brockhaus acquires minority stake in Tmax

Brockhaus invested in the company via its third fund, buying out part of the stakes of existing shareholders. The vendors remain majority shareholders in the company.

The new ownership structure will see Tmax conduct further international expansion.

Brockhaus Private Equity III is a €250m fund that focuses on management buy-ins and buyouts, as well as growth investments, in Germany and Europe. Equity tickets sit in the €10–30m range.

Company
Tmax is an international provider of high-temperature insulation systems for engines and exhausts in the marine, commercial, energy and oil & gas industries. Headquartered in Mannheim, the group also operates in the US and China.

Founded in 1976, the company has around 250 employees and has an annual turnover of €50m.

People
Hartmut Auer and Jochen Früh are co-managing directors of Tmax. Marco Brockhaus is founder and CEO of Brockhaus Private Equity.

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• Topics
• DACH
• Expansion
• Industrials
• Germany