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Organic and inorganic growth
€22.4mn
Equity investment
€162mn
Revenues 2020
1,229
Employees 2020

KEY FACTS AT A GLANCE

  • Growth based on stable customer relationships and good competitive position
  • Market development in Eastern Europe strengthened by minority shareholder Sistema
  • Diversification of end markets to include agriculture, railway technology and commercial vehicles with the acquisition of SLR Gusswerke II based in Austria and the Czech Republic in 2018
  • Expansion of the value chain at the end of 2020 with the acquisition of Zaigler Maschinenbau GmbH as a leading metal processor for system components weighing up to 50 tonnes
  • Acquisition of Trompetter Guss Chemnitz GmbH in 2021 complements expertise and expands the group's product portfolio with a focus on components for the commercial vehicle industry

GIENANTH GROUP GMBH

Investment by DBAG
DBAG FUND VI

€22.4MN

DBAG'S INTEREST

€4.2MN

MANAGEMENT BUYOUT
Shareholders:
DBAG FUND VI

67.8%

EQUITY SHARE BELONGING TO DBAG

12.9%

other shareholders

32.2%

First invested

MARCH 2015

REVENUES in €mn

 

181

 

2018

 

196

 

2019

 

162

 

2020

As of 30 June 2021

Gienanth’s high productivity is largely based on the diverse experience of its employees and the knowledge of casting technology acquired over generations. We were also impressed by its good position vis-à-vis the competition and the list of well-known international customers who have relied on Gienanth for many years.

JANNICK HUNECKE
MANAGING DIRECTOR

>25

PER CENT

global market share in the clutch segment

PROFILE

Gienanth Group GmbH (Gienanth) is probably the portfolio company with the longest tradition: iron has been processed in Eisenberg/Pfalz, the foundry group's headquarters, since 1735. The site in Fronberg can be traced back to the year 1449. Today, the Gienanth Group with its six locations is one of the most efficient innovation leaders in the industry. The broadly diversified customer portfolio includes world market leaders who are supplied globally. In particular, the partnerships that have grown up with respected manufacturers of large engines form a stable basis for further growth.

About one third of the turnover is accounted for by cylinder crankcases for engine blocks, which are manufactured in the hand-mould casting process and are very demanding in terms of process technology. These are used as diesel, gas and hydrogen engines; gas engines in generators for decentralised energy supply (for example also in data centres for cloud applications) or as power supply or drive units on ships, locomotives and in other large vehicles. For such crankcases, Gienanth is the leading supplier worldwide. The company also has a leading position in another business area, machine mould casting. It produces highly stressed castings in large quantities, mainly clutch and brake components for the automotive and commercial vehicle industries.

The portfolio is rounded off by expertise in machining and providing ready-to-install system components - whether as individual parts or in large series.

POTENTIAL FOR DEVELOPMENT

Gienanth protrudes thanks to its outstanding technological and process know-how, particularly in hand-moulded castings. The company has a very good competitive position and stable, long-standing customer relationships. Gienanth should grow on this basis, possibly also through the acquisition of further companies. In doing so, it can benefit from our experience, since DBAG has been intensively involved in this sector with previous foundry investments over the last decade.

At the beginning of 2017, Sistema Finance S.A., a subsidiary of the Russian conglomerate JFSC Sistema, which is listed on the London and Moscow stock exchanges, acquired a minority stake in Gienanth and subscribed to a capital increase. DBAG Fund VI continues to hold the majority of the shares. Sistema boasts an excellent network in Russia, boosting Gienanth’s business opportunities in Eastern Europe.

 

 

Responsible team member

Jannick Hunecke
Jannick Hunecke

Member of the Board of Management

Jannick Hunecke
Name:
Jannick Hunecke
Ressorts:
Investment Business and Investment Process, Investment Team Development

Jannick Hunecke

Member of the Board of Management

Born in 1974, Member of the Board of Management since March 2021; appointed until end of February 2026.

Jannick Hunecke joined Deutsche Beteiligungs AG in 2001 and became a Managing Director in 2008. He has 20 years of experience in the private equity business in Germany’s mid-market sector.

Jannick Hunecke holds a degree in Business Administration from the University of Munster.

Jannick Hunecke

Member of the Board of Management