DEEN
Internationalisation and expansion of business lines
€13.8mn
Equity investment
CHF97mn
Revenue 2017 (EXP.)
800
Employees 2017

KEY FACTS AT A GLANCE

  • Growth through further internationalisation
  • In focus: operational improvements, further development of the management organisation and reporting
  • Positive growth outlook thanks to sustained solid order intake

MAGEBA AG

Investment by
DBAG ECF

€13.8MN

DBAG'S INTEREST

€6.6mn

GROWTH FINANCING
Shareholders:
DBAG ECF

41.6%

EQUITY SHARE BELONGING TO DBAG

19.8%

other shareholders

58.4%

First invested

FEBRUARY 2016

REVENUES in CHFmn

 

88

 

2015

 

97

 

2016

 

97

 

2017 (EXP.)

As of 30 September 2017

16

PERCENT

average annual revenue growth between 2012 and 2016

With additional equity capital, mageba will be able to better utilise the opportunities inherent in the market’s growth. We also intend to back the company in its ongoing internationalisation.

BERND SEXAUER
MANAGING DIRECTOR

PROFILE

mageba is a global leading supplier of structural bearings, expansion joints as well as other products and services for the infrastructure and building construction sectors. The family-owned company therefore serves an attractive and growing niche market. Structural bearings ensure the load transmission between a bridge’s superstructure and its pillars; expansion joints balance out the longitudinal movements in bridges that occur through temperature variations and traffic load.

mageba has installed bearings and expansion joints in more than 20,000 constructions around the world, including some of the largest and most heavily-used bridges. Founded in 1963, mageba is considered to be a leading innovative provider in this technologically and qualitatively high-end segment of the market.

POTENTIAL FOR DEVELOPMENT

Earthquake protection is one of the business areas to be expanded in future. Many countries have set aside additional funding for projects in this area. mageba provides structural dampers for these applications that not only provide protection in the event of earthquakes but also absorb noise and vibrations. In addition, DBAG aims to support the company’s further internationalisation, for example in North and South America and in the Middle East.

FINANCIAL YEAR 2017

As part of its strategic orientation, mageba implemented numerous measures to further develop its reporting system and to improve its operational performance. These projects tied up capacities and put pressure on earnings. As a result, part of the sustained positive order intake has not yet been reflected in the figures for the financial year 2017. As a result, the management expects to achieve revenues on par with the prior-year level in 2017, as well as seeing declining earnings.

OUTLOOK AND OBJECTIVES

The market outlook remains positive: mageba will benefit from state infrastructure programmes, such as Germany’s Federal Transport Infrastructure Plan (Bundesverkehrswegeplan). The company is to achieve further growth on the basis of the sustained positive order intake and will continue to work on the projects that were agreed on at the beginning of the investment. These include, in particular, expanding its presence on key growth markets and the development of new products. As far as the coming financial year is concerned, the management team expects to see positive effects resulting from operational improvements, which will largely have been completed by then, the completion of a project to optimise procurement and the new management structure that was introduced in 2017.

Responsible team member

Bernd Sexauer
Bernd Sexauer

Managing Director

Bernd Sexauer
Name:
Bernd Sexauer
Investment focus:
Expansion capital investments
Telephone:
+49 69 95787-236
E-Mail:

Bernd Sexauer

Managing Director

Bernd Sexauer was initially with Deutsche Beteiligungs AG from 1991 to 2006 and became a Managing Director in 1998. Since his return in 2012, he has been strengthening the team at Deutsche Beteiligungs AG once more.

Prior to entering private equity practice, he earned a degree in Business Administration from Goethe University Frankfurt am Main. From 2006 to 2012 he was Managing Director at DZ Equity Partner and at Prolimity Capital Partners, and CEO of publicly listed Heliad Equity Partners.

Bernd Sexauer has more than 25 years of experience in the investment business and in corporate finance. As a member of supervisory boards, advisory councils and other governance bodies he has supported 'Mittelstand' companies in numerous transactions. He has a wealth of knowledge especially of the automotive supplier sector, which he was recently able to apply for the investment in Oechsler.

Current portfolio companies

Mageba AG Oechsler AG

Former portfolio companies

Bernd Sexauer

Managing Director

+49 69 95787-236
bernd.sexauer@dbag.de