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.
