Virthos Partners is an independent, owner-operated investor. In collaboration with entrepreneurs and entrepreneurial families, Virthos engages in well-established mid-sized companies in Germany and neighboring countries, focusing on long-term investments and the strategic and operational development of these enterprises.
In November 2023, Virthos Partners successfully completed the refinancing of its investment in FireDos GmbH.
FireDos is a market-leading manufacturer of high-quality foam proportioning systems and fire monitors. The product range extends from stationary fire suppression systems to proportioning systems for vehicles and portable units. A unique feature of the FireDos systems is their contribution to ESG. These systems operate without external energy, can be used with environmentally friendly, fluorine-free extinguishing agents, and can be tested without the consumption of foam, thereby protecting human lives, facilities, and the environment.
Clients include large companies (e.g., in the chemical, energy, logistics industries), infrastructure operators (e.g., of seaports and airports), and fire departments.
Globally, more than 15,000 proportioning systems and over 1,000 fire monitors from FireDos are successfully in operation. The company employs over 100 staff at its headquarters in Wölfersheim and production sites in Germany and Poland.
CODEX Partners prepared the Commercial Factbook for FireDos GmbH.
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.
AddSecure, a leading European provider of secure IoT connectivity and end-to-end solutions, recently announced the acquisition of DigiComm Group, a leading German provider of solutions for critical infrastructure. The acquisition included three independent but mutually benefitting companies: DigiComm GmbH, Temeno GmbH, and Insert IT GmbH.
Through the acquisition of DigiComm Group, AddSecure expands its presence in the DACH region and gains access to a wide range of critical infrastructure expertise and offerings. Additionally, this strategic move allows AddSecure to enter the emerging area of digital waste management.
CODEX Partners provided the Commercial Due Diligence of DigiComm Group for AddSecure and its shareholders.
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.
Rivean Capital and the management team of Dataciders GmbH are acquiring the latter from investment funds advised by AUCTUS Capital Partners AG.
Headquartered in Dortmund, Germany, Dataciders is a group of companies specializing in IT services and one of the leading providers of data and analytics services in Germany. With over 500 employees, the group focuses on end-to-end data and analytic solutions and enables companies to efficiently collect data across multiple domains and utilize it to make intelligent decisions.
The goal of the partnership between Rivean and Dataciders is to provide the group with capital and strategic expertise for the next phase of its growth and to establish it as the segment leader in the German-speaking region (DACH).
CODEX Partners provided the Commercial Due Diligence of Dataciders for Rivean 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 about 700 projects.
Holl Flachdachbau GmbH & Co. KG Isolierungen, a subsidiary of Dutch Primutec Solutions Group, is strengthening its position in the German market for rooftop photovoltaic systems with the acquisition of a majority stake in Clen Solar GmbH & Co. KG. The founder of Clen Solar will remain significantly invested and will continue to actively support the strong growth of the group. Primutec Solutions Group is a portfolio company of funds advised by Deutsche Private Equity (DPE).
CODEX Partners has strategically advised Holl Flachdachbau/Primutec on its investment in Clen Solar.
CODEX Partners advises clients on Commercial Due Diligence and Vendor Due Diligence, on strategy development and transformation, as well as on developing industry platforms. Investors benefit from our experience from more than 700 projects.
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.