Expansion of the customer base, extension of the production capacities
€50.9
Equity investment
€85mn
Revenues 2018 (exp.)
270
Employees 2018

KEY FACTS AT A GLANCE

  • Development partner and manufacturing service provider for electronic components
  • Growing market thanks to more electronics in cars

SERO Schröder Elektronik Rohrbach GmbH

Investment by
DBAG FUND VII

€50.9mn

DBAG'S INTEREST

€11.4MN

MANAGEMENT BUYOUT
Shareholders:
DBAG FUND VII

100.0%

EQUITY SHARE BELONGING TO DBAG

22.4%

First invested

NOVEMBER 2018

REVENUES in €mn

 

63

 

2016

 

79

 

2017

 

85

 

2018 (exp.)

As of 30 September 2018

18

percent

average annual revenue growth since 2015

With Sero, we are again investing in a previously owner-led company in one of our core sectors within a short period of time. We were particularly impressed with the company’s excellent processes and unwavering customer orientation.

VOLKER BONSELS
MANAGING DIRECTOR

PROFILE

The automotive industry in particular relies on the high level of competence of the electronic manufacturing services provider SERO. The Company generates approximately 80 percent of its revenues in this industry. SERO’s expertise as well as its existing software and hardware are also applied in other branches. The printed circuit boards and electronic components assembled and produced by SERO are used not only in brake lights and motor sensors, but also for example in high-performance microphones, heat meters and other industrial metrology products. Customers place value in cost-efficient products of the highest quality. In SERO, they find industrial competence and a high degree of automation in machinery that makes innovative manufacturing processes possible.

The company was founded as an engineering office for automation processes in 1992. This competence builds the foundation for its successful development. In today’s highly competitive market, SERO stands out through its ability to combine standard production lines with proprietary test and manufacturing modules in order to achieve a particularly high level of quality at competitive prices.

POTENTIAL FOR DEVELOPMENT

SERO operates in an attractive market, and annual growth of approximately eight percent is expected over the next few years. This will be driven in particular by the ever-increasing number of electronic components used in the production of automobiles – for example for automated driving, driver assistant systems and for higher comfort in the interior of vehicles. Sero expects to benefit from this growth, while at the same time extending its customer base. Accordingly, an extension of the production capacities is also planned, for example through the construction of an additional site.

 

 

 

Responsible team member

Volker Bonsels
Volker Bonsels

Managing Director

Volker Bonsels
Name:
Volker Bonsels
Telephone:
+49 69 95787-152
E-Mail:

Volker Bonsels

Managing Director

Volker Bonsels joined Deutsche Beteiligungs AG in 1995 and became a Managing Director in 2001.

He holds a degree in Industrial Engineering from the University of Technology, Kaiserslautern, and also studied at the University of Warwick. He started his professional career as a trainee in corporate banking at Deutsche Bank.

Volker Bonsels has 23 years of experience in private equity. He was, and is, a member of the advisory councils at those portfolio companies in which DBAG invested under his lead capacity. He has extensive expertise in a variety of sectors, including building components, industrial services and mechanical and plant engineering. Among the most successful transactions he led are Coperion, Lewa and Otto Sauer Achsenfabrik.

Current portfolio companies

SERO Schröder Elektronik Rohrbach GmbH Dieter Braun GmbH

Former portfolio companies

Volker Bonsels

Managing Director

+49 69 95787-152
volker.bonsels(at)dbag.de