DEEN
Expansion of product and services portfolio
€58.9mn
Equity investment
€52mn
Revenue 2016
570
Employees 2016

KEY FACTS AT A GLANCE

  • Acquisition to expand the healthcare business
  • Semiconductor business in Europe developing well
  • Investment augmented by acquiring shares of a former minority shareholder

CLEANPART GROUP GMBH

Investment by
DBAG Fund VI

€58.9MN

thereof DBAG

€11.2MN

MANAGEMENT-BUY-OUT
Shareholders:
DBAG FUND VI

94.6%

thereof DBAG

18.0%

other shareholders

5.4%

First invested

APRIL 2015

REVENUES in €mn

 

42

 

2014

 

46

 

2015

 

52

 

2016

As of 30 June 2017

Cleanpart is a well-positioned company operating in our core sector of industrial services and has a strong market presence and exceptional technological differentiation. Using our many years of investment experience in numerous engineering-services companies, we want to support Cleanpart in taking advantage of its market opportunities.

VOLKER BONSELS
Managing Director

INDUSTRIAL SERVICES FOR THE SEMICONDUCTOR INDUSTRY

Cleanpart provides engineering services to the semiconductor industry and the healthcare sector. For the semiconductor industry, the company services process-critical components in machines that are primarily used in the production of logic chips and memory chips. As these components become contaminated and wear out, they have to be regularly decontaminated, cleaned, coated and replaced to ensure that they meet the extreme purity and performance requirements in the production processes of chip manufacturers. Cleanpart uses chemical, mechanical and thermal procedures for cleaning the components before coating them again and packaging them for further use, usually under cleanroom conditions.

The components are serviced at the company’s own facilities located near major customers in Germany and France as well as the US. Thanks to its strong technological position, the company is one of the leading providers in Europe and the US.

Cleanpart generates around three-quarters of its revenues in the semiconductor industry. The healthcare business essentially comprises cleaning and sterilising surgical instruments used in hospitals.

POTENTIAL FOR DEVELOPMENT

The aim is for the group to grow in both business areas to broaden its product and service portfolio for the semiconductor industry and increase its market penetration in North America. In addition to organic growth, the company is expected to develop through acquisitions, such as the sterile preparation division of Vanguard AG, which Cleanpart bought in July 2016. This allowed the company to considerably strengthen its presence in Germany and Austria in the business of cleaning, preparing and sterilising surgical instruments. In Germany, Cleanpart is now the largest independent provider of these services, which are used by hospitals and other medical facilities.

2016 FINANCIAL YEAR

Revenues and earnings were better than expected in the semiconductor business in 2016, primarily thanks to the positive development of the business in Europe. The healthcare division performed as expected.

In September 2016, DBAG and DBAG Fund VI increased their participation in Cleanpart by acquiring the holdings of a minority shareholder from the founding family. DBAG invested 1.8 million euros to this end.

OUTLOOK AND OBJECTIVES

Revenues and earnings are expected to continue growing in both business areas in 2017. The healthcare division will become significantly more important due to the acquisition mentioned above and investments in new locations.

Responsible team member

Volker Bonsels
Volker Bonsels

Managing Director

Volker Bonsels
Name:
Volker Bonsels
Investment focus:
Management buyouts
Telephone:
+49 69 95787-152
E-Mail:

Volker Bonsels

Managing Director

Volker Bonsels joined Deutsche Beteiligungs AG in 1995 and became a Managing Director in 2001.

He started his career at Deutsche Bank after receiving a degree in Engineering Management from the University of Kaiserslautern.

Volker Bonsels has more than 20 years of experience in private equity. He was, and is, a member of the advisory councils at those portfolio companies in which DBAG invested under his lead capacity. He has extensive expertise in a variety of sectors, including building components, industrial services and mechanical and plant engineering. Among the most successful transactions he led are Coperion, Lewa and Otto Sauer Achsenfabrik.

Current portfolio companies

Dieter Braun GmbH Cleanpart Group GmbH

Former portfolio companies

Volker Bonsels

Managing Director

+49 69 95787-152
volker.bonsels@dbag.de