DEEN
Strengthening of geographical presence
€26.3mn
Equity investment
€151mn
Revenue 2016
1,052
Employees 2016

KEY FACTS AT A GLANCE

  • Successful acquisition of former Achslagerwerke Staßfurt (AWS)
  • Ongoing optimisation of operating processes in foundries
  • Market environment improving

SILBITZ GROUP GMBH

Investment by
DBAG FUND VI

€26.3mn

thereof DBAG

€5.0mn

MANAGEMENT-BUY-OUT
Shareholders:
DBAG FUND VI

87.0%

thereof DBAG

16.5%

other shareholders

13.0%

First invested

AUGUST 2015

REVENUES in €mn

 

130

 

2014

 

128

 

2015

 

151

 

2016 (EXP.)

As of 30 June 2017

We invested in a foundry group equipped with modern machinery, one that has experience in various production processes and good earnings power. Silbitz will continue to develop autonomously; we want to support management in offering its existing customers an extended range of products.

JANNICK HUNECKE
MANAGING DIRECTOR

IRON FOUNDRY FOR HAND-MOULDED AND AUTOMATED MACHINE-MOULDED CASTINGS ON STEEL AND IRON BASIS

Silbitz Group operates three foundries, each with its own product range. At its headquarters in Silbitz (Thuringia, Germany), various materials on the basis of iron and steel are cast in hand-moulded and automated machine-moulded processes; this allows the company to react flexibly to changes in its customer markets. The complex moulded parts produced here are mainly used in engine construction and energy technology. In Zeitz (Saxony-Anhalt, Germany), the company hand-moulds products mainly for wind power plants, rotor hubs and machine carriers – usually in small quantities but with heavy unit weights of up to 45 tonnes. In this way, the company accounts for the energy transition and the ongoing high willingness to invest in wind power plants. At its third production site in Košice (Slovakia), the company uses a range of processes to cast various materials to make highly customised products.

In addition to wind energy technology, Silbitz products are used in drive engineering (planet carriers, bearing housings) and engine construction (pistons, cylinder covers, e.g. for marine and train engines). Its customers include market leaders in their respective sectors. Silbitz supplies its products above all to customers in Germany, Austria and Switzerland as well as Scandinavia.

POTENTIAL FOR DEVELOPMENT

The Silbitz Group is currently the second foundry in the portfolio in addition to the iron foundry Gienanth. Both companies can benefit from DBAG’s experience in this sector. DBAG has been deeply involved in the sector in past years and has invested in foundries.

The Silbitz Group should continue to develop independently. Expanding its business with existing customers should contribute towards this. Thanks to its capacity reserves, it can grow without additional investments. Non-organic growth through acquisitions of other foundries is also an option.

2016 FINANCIAL YEAR

In 2015, the company developed as forecast. Management expects revenues and income to exceed the previous year’s figures.

OUTLOOK AND OBJECTIVES

The Silbitz Group is the youngest company in DBAG’s portfolio. Accordingly, the focus in 2016 will again be on further promoting the measures specified in the management plan. These include investing in the expansion of its melting capacity in the Zeitz plant so that even larger moulded parts can be produced there. Management expects continued high demand from the wind energy sector and anticipates higher revenues overall than in 2015.

Responsible team member

Jannick Hunecke
Jannick Hunecke

Managing Director

Jannick Hunecke
Name:
Jannick Hunecke
Investment focus:
Management buyouts
Telephone:
+49 69 95787-131
E-Mail:

Jannick Hunecke

Managing Director

Jannick Hunecke joined Deutsche Beteiligungs AG in 2001 and became a Managing Director in 2008.

He earned a degree in Economics from the University of Münster and took an assignment there as a research assistant before coming to Deutsche Beteiligungs AG.

Jannick Hunecke has more than 16 years of experience in the private-equity sector and on the advisory boards of the portfolio companies he supports. He has a wealth of knowledge in the sectors of industrial services, industrial components and mechanical and plant engineering. The most successful transactions DBAG entered into that he led are HT Engineering and MCE. He was also responsible for the development of Broetje-Automation.

Current portfolio companies

Silbitz Group GmbH Gienanth GmbH Frimo Group GmbH

Former portfolio companies

Jannick Hunecke

Managing Director

+49 69 95787-131
jannick.hunecke@dbag.de