DEEN
€15.7mn
Equity investment
€13mn
Revenue 2017
140
Employees 2017

KEY FACTS AT A GLANCE

  • Regional expansion and diversification of the customer base
  • Capacity expansion by way of acquisitions
  • >20 percent revenue growth per annum between 2014 and 2017

NETZKONTOR NORD GMBH

Investment by
DBAG ECF FIRST NEW VINTAGE

€15.7MN

DBAG'S INTEREST

€6.5MN

MANAGEMENT BUYOUT
Shareholders:
DBAG ECF FIRST NEW VINTAGE

81.7%

EQUITY SHARE BELONGING TO DBAG

33.8%

other shareholders

18.3%

First invested

JANUARY 2018

REVENUES in €mn

 

13

 

2017

As of 30 June 2018

>40

MILLION

households in Germany have not yet been connected to a fibre-optic network

With the MBO of netzkontor, DBAG is investing in a well-positioned service provider in a fast-growing market. We want to support the company in its further development using the expertise that DBAG has gained from its current trio of investments in this sector.

RAGNAR GEERDTS
Managing Director

PROFILE

netzkontor was established in 2008 and operates in two different business segments with around 100 employees. Under the “netzkontor” brand, the company offers a range of services relating to the planning and supervision of fibre-optic network construction. Its subsidiary OpenXS handles network management for operators of fibre-optic networks. The regional focus is on the German federal state of Schleswig-Holstein, where netzkontor operates in two other locations in addition to its headquarters in Flensburg. Having recently opened an office in Schwerin, the company is now also active in Mecklenburg-Western Pomerania. In 2017, netzkontor generated sales of approximately eight million euros.

POTENTIAL FOR DEVELOPMENT

The demand for fast Internet connections is increasing among both private households and companies. However, broadband coverage has so far expanded at a sluggish pace in Germany in comparison with other European countries. More than 40 million households in Germany have not yet been connected to a fibre-optic network. In this favourable market environment, netzkontor is benefiting from its strong reputation as a reliable, high-quality provider and from its project management expertise. It is also expected to achieve double-digit revenue growth in the coming years. The plan is to further drive forward the company’s regional expansion and the diversification of its customer base by way of acquisitions.

Responsible team member

Ragnar Geerdts
Ragnar Geerdts

Managing Director

Ragnar Geerdts
Name:
Ragnar Geerdts
Investment focus:
Expansion capital investments
Telephone:
+49 69 95787-172
E-Mail:

Ragnar Geerdts

Managing Director

Ragnar Geerdts joined Deutsche Beteiligungs AG in 2012 and became a Managing Director in 2017.

He has over ten years of experience in private equity and mergers and acquisitions. Ragnar Geerdts has extensive knowledge of the automotive supplier and telecommunications industries and in mechanical and plant engineering. He was involved in numerous investments and disinvestments, including DNS:NET, Frimo, Formel D, inexio, mageba, Oechsler and Unser Heimatbäcker. Before joining Deutsche Beteiligungs AG he worked in the area of M&A at Bayer AG and at Deutsche Post AG.

Ragnar Geerdts studied business administration at the University of Berlin and Chinese at the Beijing Foreign Studies University.

Current portfolio companies

vitronet Projekte GmbH Netzkontor Nord GmbH

Former portfolio companies

Ragnar Geerdts

Managing Director

+49 69 95787-172
ragnar.geerdts(at)dbag.de