DEEN
Internationalisation
€25.5mn
Equity investment
€94mn
Revenues 2016
480
Employees 2016

KEY FACTS AT A GLANCE

  • Focus on the growth segment of cruise ships
  • Expanding product range and geographical presence
  • Growth through targeted acquisition of smaller companies

RHEINHOLD & MAHLA GMBH

Investment by
DBAG ECF

€25.5mn

thereof DBAG

€12.1mn

Expansion capital investment
Shareholders:
DBAG ECF

33.0%

thereof DBAG

15.7%

other shareholders

67.0%

First invested

SEPTEMBER 2016

REVENUES in €mn

 

127

 

2014

 

122

 

2015

 

94

 

2016 (EXP.)

As of 30 June 2017

Rheinhold & Mahla serves the structurally growing cruise ship market – and that’s attractive. A solid market position and growth opportunities through geographical expansion, along with a broader product offering and expansion of the service business present a good platform for a successful investment.

JARNO SCHÄFERMANN
MANAGING DIRECTOR

INTERIOR OUTFITTING FOR SHIPS AND MARINE INSTALLATIONS

R&M International GmbH (R&M) is a leading industrial services provider for the interior outfitting of ships. The company is active in the fields of new and retrofitted ships and ship maintenance. R&M covers the complete value chain from engineering and project management to installation and assembly, as well as repair services. Unlike many of its competitors, R&M has in-house manufacturing facilities to produce components such as doors, floors, walls and ceilings as well as cabins and cabin sections (e.g. bathrooms). The company’s activities extend to nearly all parts of a ship (cabins, public areas, crew areas, engine rooms). The focus is on interior outfitting for cruise ships and ferries, special vessels and freighters as well as the offshore market. R&M has production sites in Germany (Wismar, Rostock) and China (Kunshan), as well as project offices and service centres worldwide. Over the past five years, it has broadened its product portfolio and extended its geographical footprint to strategically important markets such as the US by acquiring smaller companies.

POTENTIAL FOR DEVELOPMENT

R&M mainly serves the structurally growing cruise ship market. The company’s strong market position and growth opportunities through geographical expansion, broadening its product range and expanding the service business constitute a good basis for a successful investment. The industrial services business is one of the core sectors in which we have extensive investment experience.

2016 FINANCIAL YEAR

In the current financial year, R&M has continued its expansion strategy. By taking over Sea Level Marine LLC in the USA, R&M has strengthened its presence in the growing market for cruise ships repairs. It has also broadened its product range by acquiring a smaller provider of air conditioning systems for ships and by founding an Indian subsidiary, which provides engineering services for R&M and its customers. After a major order was completed in the current financial year, revenues and earnings are expected to be lower than in the previous financial year.

OUTLOOK AND OBJECTIVES

R&M plans to grow further in the coming years by concentrating on the ship building and maintenance business with a focus on large cruise ships and ferries. The company intends to make acquisitions to broaden its product range and extend its geographical presence, wherever this is reasonable and feasible.

Responsible team member

Jarno Schäfermann
Jarno Schäfermann

Managing Director

Jarno Schäfermann
Name:
Jarno Schäfermann
Investment focus:
Expansion capital investments
Telephone:
+49 69 95787-260
E-Mail:

Jarno Schäfermann

Managing Director

Jarno Schäfermann joined the Deutsche Beteiligungs AG team in 2012 as a Managing Director.

After finishing his professional training in the publishing industry, he earned his degree in Business Administration from Freie Universität Berlin, with the support of a scholarship from Axel Springer AG. He began his career at the auditing firm KPMG in 2001in the corporate finance area, where he advised financial and strategic investors on corporate transactions and financial issues and also worked for one year as the assistant to the business unit director.

Jarno Schäfermann has more than 12 years of experience in private equity. Before joining DBAG, he worked for a Hamburg-based private equity firm, where he spent many years as a member of the investment team, supporting numerous ‘Mittelstand’ buyouts. In 2011 he then moved to the management board of a portfolio company and played a leading role facilitating its divestment.

Current portfolio companies

JCK Holding GmbH Textil KG Novopress KG Rheinhold & Mahla GmbH

Former portfolio companies

Jarno Schäfermann

Managing Director

+49 69 95787-260
jarno.schaefermann@dbag.de