DEEN
€100.1mn
Equity investment
€83mn
Revenue 2017
540
Employees 2017

KEY FACTS AT A GLANCE

  • Classic “hidden champion” – a global leader in mechanical engineering for the tyre industry
  • Market growth and expansion of the service business hold the promise of opportunities
  • Five percent average annual revenue growth since 2005

Karl Eugen Fischer GmbH

Investment by
DBAG FUND VII

€100.1MN

DBAG'S INTEREST

€22.7MN

MANAGEMENT BUYOUT
Shareholders:
DBAG FUND VII

99.0%

EQUITY SHARE BELONGING TO DBAG

22.4%

other shareholders

1.0%

First invested

JUNE 2018

REVENUES in €mn

 

83

 

2017

As of 30 June 2018

4-5

percent

long-term average annual growth expected in the tyre market

Mechanical and plant engineering and the automotive supply industry are two of the core sectors of DBAG. Through our many years of experience in these industries, we want to support KEF in getting the most out of the available growth potential resulting from the investment plans of tyre manufacturers and market trends.

JANNICK HUNECKE
Managing Director

PROFILE

Karl Eugen Fischer GmbH (KEF) is the global leader for the development and manufacture of cutting machines for the tyre industry.
Tyre manufacturers use the machinery produced by KEF (www.kefischer.com) primarily to manufacture rubber-coated steel wire and fabric layers (known as calendered cord material) for tyre carcasses and tyre belts. These layers form the tyre’s supporting structure and give it shape and driving stability. KEF’s machinery allows them to be cut with absolute precision. The company’s manufacturing operations are located at its headquarters in Burgkunstadt (Upper Franconia). The site employs more than 500 out of a total of 545 employees. There is one distribution and service company in the US and one in China. Cutting systems are crucial for smooth production operations. KEF’s machinery is at the forefront of this technology. For example, the machines are characterised by a high degree of precision and low material losses, both of which are key success factors. With a high level of vertical integration, KEF ensures that the machines, which are tailored to meet each customer’s requirements, can be supplied in the desired quality and by the desired deadline. The company has been working with its customers to develop the machines for decades and is the preferred supplier of countless tyre manufacturers.

POTENTIAL FOR DEVELOPMENT

Based on its outstanding technological position, KEF is anticipated to benefit from the rising demand for tyres and, as a result, for the corresponding production facilities. As a result, the company will be investing in its own capacities over the coming year, for example in the construction of an additional assembly hall in Burgkunstadt. However, given the large number of installed machines, growth opportunities for KEF can be found not only in the market growth itself, but also in a further expansion of the service business. The revenue of the company has seen an average annual growth of five percent since 2005, with the on-site workforce continuously being expanded parallel to the increasing business activities.

Responsible team member

Jannick Hunecke
Jannick Hunecke

Managing Director

Jannick Hunecke
Name:
Jannick Hunecke
Investment focus:
Management buyouts
Telephone:
+49 69 95787-131
E-Mail:

Jannick Hunecke

Managing Director

Jannick Hunecke joined Deutsche Beteiligungs AG in 2001 and became a Managing Director in 2008.

He earned a degree in Economics from the University of Münster and took an assignment there as a research assistant before coming to Deutsche Beteiligungs AG.

Jannick Hunecke has more than 16 years of experience in the private-equity sector and on the advisory boards of the portfolio companies he supports. He has a wealth of knowledge in the sectors of industrial services, industrial components and mechanical and plant engineering. The most successful transactions DBAG entered into that he led are HT Engineering and MCE. He was also responsible for the development of Broetje-Automation.

Current portfolio companies

Karl Eugen Fischer GmbH Silbitz Group GmbH Gienanth GmbH Frimo Group GmbH

Former portfolio companies

Jannick Hunecke

Managing Director

+49 69 95787-131
jannick.hunecke(at)dbag.de