Ardian, a world leading private investment house, has agreed to sell its stake in imes-icore Holding GmbH (“imes-icore”) to EMZ Partners, a leading European investment firm.
With the support of Ardian, imes-icore has more than doubled its revenue since 2017 and evolved from a developer of high-tech CNC-CAD/CAM systems and industrial machines to a solution provider focused exclusively on the dental sector.
imes-icore is one of the world market leaders for digital dental CAD/CAM production systems with locations in Germany, the USA and Southeast Asia. The company designs, develops and manufactures dental milling systems, which are accompanied by a broad portfolio of after-sales services. imes-icore’s products and services are characterized by continuous innovation and are known for their precision and advanced technology. The company is led by founder and CEO Christoph Stark and CFO/COO Christian Müller.
CODEX Partners provided the Commercial Vendor Due Diligence of imes-icore for Ardian.
CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from about 700 projects.
MEG Medical Equipment GmbH (Medical Equipment Group), parent company of Funke Medical GmbH, acquires 100% of the shares of Deron B.V., Lima B.V., and Connect Foam Care B.V. (collectively DERON). The acquisition is supported by Harald Quandt Industriebeteiligungen GmbH (HQIB), majority shareholder of Medical Equipment Group.
DERON is the leading provider of medical aids for the prevention and therapy of decubitus in the Netherlands. DERON is positioned as an innovation leader who differentiates itself from market peers through i.a. recyclable/circular products and software-based solutions for the care sector. The current management teams at DERON, Funke Medical, and Medical Equipment Group remain unchanged. Simone and Wilfried Grimberg, founders of DERON, become minority shareholders in Medical Equipment Group. DERON and Funke Medical remain operationally independent with their respective brands, however, will jointly collaborate along the group strategy.
CODEX Partners prepared the Commercial Due Diligence of DERON for Medical Equipment Group and HQIB.
CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, strategy development and transformation as well as on developing industry platforms. Investors benefit from our experience of around 700 projects.
Alveus Beteiligungen GmbH acquired a majority stake in the Zubler Group (Zubler Gerätebau GmbH and ceramay GmbH & Co. KG) in May 2023. The previous owner, Kurt Zubler, remains a shareholder of the group. The parties have agreed not to disclose further details of the transaction.
Zubler Gerätebau was founded in Ulm in 1978. The company is a leader in developing and manufacturing customized dental technology for dental laboratories in international markets. The product range includes suction systems, ovens, and grinding systems.
Alveus Beteiligungen is a family-owned group of companies specialized in the acquisition and development of independent, medium-sized market leaders based in Southern Germany. To date, Alveus holds five active investments.
CODEX Partners prepared the Commercial Due Diligence of Zubler Group for Alveus Beteiligungen.
CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, strategy development and transformation as well as on developing industry platforms. Investors benefit from our experience of around 700 projects.
On May 5, 2023, Implenia successfully closed the acquisition of 100% of the share capital of Wincasa. The seller is Swiss Prime Site Group.
With Wincasa, the leading Swiss real estate service provider joins the Implenia Group. Wincasa manages more than 250,000 properties for its clients and holds CHF 81 billion of assets under management. Its approximately 1,350 employees (FTE) work at 33 locations throughout Switzerland.
The acquisition expands Implenia’s value chain in the operational phase of properties. A unique offering that covers a properties’ entire life cycle is being created for existing and new clients. The acquisition reinforces the Group’s position as an integrated construction and real estate service provider.
CODEX Partners provided the Commercial Due Diligence of Wincasa for Implenia.
CODEX Partners advises clients on Commercial Due Diligence, Vendor Due Diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of around 700 projects.
The Goldbeck family of entrepreneurs and their partner Björn-Hendrik Robens have invested in HWP through their company Goldbeck Robens Industrial Partners (GRIP).
GRIP is taking over the shares of Adiuva Capital, which has provided HWP with entrepreneurial support since 2019. During this time, HWP Handwerkspartner has almost tripled its total annual output.
The Goldbeck family owns the largest family-owned German construction firm with a total output of c. EUR 5bn. Goldbeck GmbH was founded in 1969 and has over 10,000 employees in more than 100 locations throughout Europe.
As a technology leader, Goldbeck is an ideal complement to HWP´s construction services and brings fresh impetus to the HWP Group.
CODEX Partners provided the Commercial Vendor Due Diligence of HWP for Adiuva Capital.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, strategy development, cost optimization, and restructuring of portfolio companies, as well as on developing industry platforms. Investors benefit from our experience of over 700 projects.
Harald Quandt Industriebeteiligungen GmbH (HQIB) acquired a majority interest in mediCAD SRB Software GmbH and its subsidiaries in March 2023. The previous owner, Jörn Seel, will remain shareholder and CEO of the group. The parties have agreed not to disclose further details of the transaction.
mediCAD develops and distributes software for planning surgical operations in which joints are replaced (endoprosthetics) or preserved (traumatology and axis corrections). The product portfolio also includes innovative mixed reality solutions to support surgeons during operations and other value-added software tools. In total, nearly 3,000 hospitals and clinics and approximately 10,000 orthopedists and surgeons rely on mediCAD’s software solutions, which are approved in most parts of the world (FDA and MDR certified).
CODEX Partners provided the Commercial Due Diligence of mediCAD Group for HQIB.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, strategy development, cost optimization, and restructuring of portfolio companies, as well as on developing industry platforms. Investors benefit from our experience of over 700 projects.
German Equity Partners V (“GEP V”), a fund managed by the independent German investment company ECM Equity Capital Management GmbH (“ECM”), has acquired a majority stake in Education Group. GEP V acquired the majority of the shares from the companies’ founders, who together with ECM intend to continue their successful development with combined forces as Education Group. The parties have agreed not to disclose the purchase price or further details of the transaction.
The Education Group, headquartered in Ludwigsburg/Germany, represents an alliance of leading education and training institutes in the mobility sector. Today, Education Group operates three business units – driving license training for beginner drivers (ACADEMY), basic and advanced training for professional drivers (ACADEMY), and both basic and advanced training for driving instructors (DVPI). The group operates more than 400 own and franchise locations.
CODEX Partners provided the Commercial Due Diligence of Education Group for GEP V.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, strategy development, cost optimization, and restructuring of portfolio companies, as well as on developing industry platforms. Investors benefit from our experience of over 700 projects.
Gyrus Capital is building the Katalist Group, a leading service and software provider for food and pharma distribution and has in the course of this process acquired a majority stake in Retail Consult, Wysupp and Evertrack. Katalist is a leading full-service consulting firm focused on the digital transformation for the retail industry with headquarters in Portugal and offices on four continents.
Katalist provides solutions strategy, implementation, deployment, training and support services to help global retail companies successfully drive the digital transformation of their business and their supply chains.
CODEX Partners provided the Commercial Due Diligence of Retail Consult, Wysupp and Evertrack for Gyrus Capital.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from over 600 projects.
Deutsche Beteiligungs AG (“DBAG”) invests in vhf Group (“vhf”), a producer of computer-controlled milling machines (CAD/CAM) for dentistry and industrial applications.
vhf, with its registered office in Ammerbuch (Baden-Württemberg), develops and produces computer-controlled milling machines (CAD/CAM) that are predominantly used by commercial dental laboratories – as well as dentists in their own laboratories – for making dental prostheses. A further high-growth share of revenues is generated from making machines for selected industrial applications. In addition, the control electronics and all the milling tools are developed and manufactured within vhf Group.
The company was founded in 1988, and the founders so far have been the sole shareholders. The Group reported revenues in excess of 46 million euros for 2021. Nowadays, 40 per cent of revenues are generated outside Europe, especially in the US and China, where spending on dental treatment is growing particularly strongly.
CODEX Partners provided the Commercial Due Diligence of vhf group for DBAG.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from over 500 projects.
Halder has acquired a majority stake in family-led CPM Group. While founder Claus-Peter Maier is selling his shares and leaving the company, Halder continues with a successful and long-standing management team.
Founded in 2000, CPM Group has developed into one of the leading suppliers of medical implants and holds a compelling market position, particularly in the dental sector.
The services of CPM Group cover the entire value chain as a one-stop-shop. CPM provides development and consulting, manufacturing of medical implants and instruments, surface treatment, as well as the sterilized packaging of the end-product.
CODEX Partners provided the Commercial Due Diligence of CPM Group for Halder.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from over 500 projects.