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Internationalisation bears potential for additional growth
€10.8mn
Equity investment
DKK263mn
Revenues 2018/2019
237
Employees 2019

KEY FACTS AT A GLANCE

  • Internationalisation bears potential for additional growth
  • Ongoing improvement projects in machinery segment and China subsidiary
  • Promising sales pipeline for upcoming years

Sjølund A/S

Investment by
DBAG ECF I

€10.8MN

DBAG'S INTEREST

€4.5MN

MANAGEMENT BUYOUT
Shareholders:
DBAG ECF I

50.8%

EQUITY SHARE BELONGING TO DBAG

21.0%

other shareholders

49.2%

First invested

JANUARY 2018

REVENUES in DKKmn

 

228

 

2016/2017

 

300

 

2017/2018

 

263

 

2018/2019

As of 30 June 2020

Sjølund is active in several growth markets at the same time and is still not even close to fully exploiting the opportunities that are available to develop within these markets. Together with its long-standing customer relationships, we believe that this provides a promising basis for the company’s continued positive development – and, as a result, offers an investment in one of DBAG’s core sectors.

BERND SEXAUER
MANAGING DIRECTOR

PROFILE

Sjølund is one of the largest providers in the niche market for complex bent aluminium and steel components. At its headquarters in the Danish town of Sjølund and a production site in China, the company manufactures components that account for only a small proportion of customers’ material costs, but are often complex and relevant from a security perspective nevertheless. These components are always produced to meet the specific requirements of the individual customer and are distributed across the globe – also via a third location in the US. Sjølund also advises its customers on adapting products to reflect the manufacturing process (design for manufacturing). This approach has allowed the company to establish stable customer relationships and a strong market position. It generates ~60 per cent of its total revenues from the wind power industry, mainly with components for the nacelles of wind turbines. In the rail industry, Sjølund supplies train manufacturers with structural profiles and components for external cladding, for example for the front of the railcar, the window frames or the boarding area.

POTENTIAL FOR DEVELOPMENT

Megatrends such as the use of renewable energy, population growth and increasing urbanisation are drivers of Sjølund’s business. This should allow the company to achieve further growth and expand internationally – both through organic development and acquisitions: the aim is to expand the company’s business with existing customers in high-growth markets such as China and the US. The company also plans to achieve strategic development by restructuring its sales activities to focus more on the highly profitable building and transportation segments.

FINANCIAL YEAR 2018/2019

2018/2019 was marked by a difficult market environment across all segments with lower demand from customers. This decline in sales could be compensated by capacity reductions and implemented operational improvement measures leading to a constant profitability.

OUTLOOK AND OBJECTIVES

The initiation of a global sales strategy has led to a promising sales pipeline especially in the building and transportation segment. However, with lead times of up to five years, a swift market recovery is key in order to reach the targeted growth for 2020.

Responsible team member

Bernd Sexauer
Bernd Sexauer

Managing Director

Bernd Sexauer
Name:
Bernd Sexauer
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 the Goethe University, Frankfurt. 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 28 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 able to apply for the investment in Oechsler.

Current portfolio companies

Sjølund A/S mageba AG Oechsler AG

Former portfolio companies

Bernd Sexauer

Managing Director

+49 69 95787-236
bernd.sexauer(at)dbag.de