DEEN
Product innovations and diversification of customer base
€26.7mn
Equity investment
€374mn
Revenue 2017 (EXP.)
2,400
Employees 2017

KEY FACTS AT A GLANCE

  • Expansion of global production; further growth in the medium term attributable to sports shoe business
  • Optimisation of development and production continued
  • Revenues expected to outstrip previous year and budget once again; earnings also higher than expected

OECHSLER AG

Investment by
DBAG ECF

€26.7mn

DBAG'S INTEREST

€11.1mn

GROWTH FINANCING
Shareholders:
DBAG ECF

20.0%

EQUITY SHARE BELONGING TO DBAG

8.4%

other shareholders

80.0%

First invested

MARCH 2015

REVENUES in €mn

 

319

 

2015

 

355

 

2016

 

374

 

2017 (EXP.)

As of 30 September 2017

>10

percent

average annual revenue growth over the last five years

With our in-depth knowledge of automotive business models and global market structures, our ongoing contacts to major German car manufacturers and a network of industrial experts, we aim to back Oechsler in realising the growth opportunities inherent in its well-established global business and in winning new customers in the German and international markets.

BERND SEXAUER
MANAGING DIRECTOR

PROFILE

With more than 150 years of experience, Oechsler is now a sought-after, long-standing partner for pioneering solutions in plastics technology. The company’s product portfolio ranges from precision single parts to complex modules and systems, for example for the automotive supplier industry, for sports shoe production and for other selected industries. The company develops, produces and assembles actuators, other mechatronic components and complex plastic bonding solutions.

Today, Oechsler generates around 80 percent of its revenues from the automotive supply industry. One key product is the electronic parking brake, which combines mechanical and electronic components with injection-moulded plastic parts.
In the fast-growing area of high-tech sports shoe production, Oechsler combines its expertise in injection moulding and in automation. The company has commissioned a highly automated “speed factory” in Ansbach. This is Oechsler’s way of creating a revolutionary and promising production model that offers considerable growth potential, which allows the company to react to changes in demand within an extremely short space of time. At the same time, the company is positioning its production facilities so that they are located in close proximity of its key sales markets – to begin with, through the new factory in Ansbach for the European market, and then through a factory in the US for the North American market.

The revenues of the mainly family-owned company have grown by an average of more than ten percent per year over the past five years. Oechsler maintains five production sites on three continents (Europe, Asia, North America).

POTENTIAL FOR DEVELOPMENT

Oechsler believes that there are further growth opportunities for its successful business model and will be expanding its German sites as well as production in Eastern Europe, Asia and North America. DBAG will support the company in doing so with its own expertise and that of the DBAG network, for example, in the areas of strategy and organisation.

FINANCIAL YEAR 2017

In 2017, Oechsler continued on the positive trajectory seen in previous years. Since the company has generated additional business with key customers, revenues are expected to exceed the original projections and to exceed the prior-year value once again. Earnings are also expected to exceed the budgeted level.

OUTLOOK AND OBJECTIVES

The projects initiated at the start of the investment to enhance the company’s strategy and optimise operations will be pursued further. In 2018, Oechsler will continue to invest in the  expansion of the profitable sports shoe business, for example in the Ansbach speed factory. In addition, efforts to develop further new products on the basis of Oechsler’s core technologies and to optimise the company’s sales organisation will continue. Together with the ongoing encouraging performance of the company’s core business in the automotive industry, this indicates a positive outlook for 2018.

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