DEEN
Strengthening of geographical presence
€27.3mn
Equity investment
€162mn
Revenue 2017 (EXP.)
1,050
Employees 2017

KEY FACTS AT A GLANCE

  • Objective: growth by expanding business with existing customers and by way of acquisitions
  • Investments in capacity expansion
  • Strong demand from the wind energy sector; revenues and earnings exceed expectations

SILBITZ GROUP GMBH

Investment by
DBAG FUND VI

€27.3mn

DBAG'S INTEREST

€5.2mn

MANAGEMENT BUYOUT
Shareholders:
DBAG FUND VI

87.0%

EQUITY SHARE BELONGING TO DBAG

16.5%

other shareholders

13.0%

First invested

AUGUST 2015

REVENUES in €mn

 

128

 

2015

 

151

 

2016

 

162

 

2017 (EXP.)

As of 30 September 2017

>50

PERCENT

of its revenues are generated in the wind energy sector

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

PROFILE

The Silbitz Group operates three foundries, which each have their own product range. At its headquarters in Silbitz (Thuringia,  Germany), various materials based on iron and steel are cast in hand-moulded and auto mated moulding processes; this allows the company to react flexibly to changes in its customer markets. The complex moulded parts produced there are mainly used in  engine construction and in energy technology. In Zeitz (Saxony-Anhalt, Germany), the company hand-moulds products mainly for wind farms, rotor hubs and machine carriers – usually in small quantities but with heavy unit weights of up to 45 tonnes. This allows the company to participate in the energy transition and in the resultant sustained enthusiasm for investing in wind farms. At its third production site in Košice (Slovakia), the company uses a range of processes to cast various materials, making highly customised products.

In addition to wind energy technology,  Silbitz products are also used, among other applications, in drive technology (planetary carriers, bearing housings) and in engine technology outside of the automotive construction, for example, in pistons and cylinder  covers for marine and train engines. Its customers include market leaders in their  respective sectors. Silbitz supplies its products primarily to customers in Germany,  Austria and Switzerland as well as in Scandinavia.

POTENTIAL FOR DEVELOPMENT

The Silbitz Group is the second foundry in the portfolio, accompanying the iron foundry Gienanth. Both companies can benefit from DBAG’s experience in this sector. DBAG has been involved in this sector intensively over the last few years and has already invested in foundries in the past.

The Silbitz Group should continue to develop independently. Expanding its business with existing customers should contribute towards this. Non-organic growth through acquisitions of other companies is also being considered; back in 2016, for example, the group acquired the company formerly known as Achslagerwerke Stassfurt, with a revenue volume of around €15 million.

FINANCIAL YEAR 2017

The company showed better development than planned in 2017; revenues and earnings are likely to exceed both the prior-year level and the budget. Silbitz has benefited from the high demand from the wind energy sector, among other factors. The demand for cast steel products has also increased.

OUTLOOK AND OBJECTIVES

The investments made in expanding the company’s capacities at its Zeitz site will start to have a positive impact in the new financial year. The company expects its revenues and earnings to increase in a year-on-year comparison.

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