DEEN
€11.1mn
Equity investment
DKK228mn
Revenue 2016/2017
120
Employees 2016/2017

KEY FACTS AT A GLANCE

  • Additional growth through further internationalisation
  • 15 percent average annual revenue growth over the last three financial years

Sjølund A/S

Investment by
DBAG ECF FIRST NEW VINTAGE

€10.8MN

DBAG'S INTEREST

€4.5MN

MANAGEMENT BUYOUT
Shareholders:
DBAG ECF FIRST NEW VINTAGE

52.1%

EQUITY SHARE BELONGING TO DBAG

21.5%

other shareholders

47.9%

First invested

JANUARY 2018

REVENUES in DKKmn

 

228

 

2016/2017

As of 30 June 2018

15

percent

average annual growth expected in the market for offshore wind turbines over the next few years

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 attractive investment opportunity 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, around 110 employees manufacture 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 a good half 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

Sjølund’s sales markets, some of which have a low cyclical exposure, are expected to show significant growth over the next few years. This development will be driven by megatrends such as the use of renewable energy, global population growth and increasing urbanisation. This should allow Sjølund to achieve further growth and expand internationally – both through organic development and through acquisitions. The aim is to expand the company’s business with existing customers in high-growth markets such as China and the US. In the future, the Chinese production site should also produce components for wind power plants. At the moment, Sjølund generates around 35 percent of its revenues with German customers. The company also plans to achieve strategic development by restructuring its sales activities to focus more on the highly profitable mechanical engineering sector.

Responsible team member

Bernd Sexauer
Bernd Sexauer

Managing Director

Bernd Sexauer
Name:
Bernd Sexauer
Investment focus:
Expansion capital investments
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 Goethe University Frankfurt am Main. 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 25 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 recently 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