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.
An Investor Consortium consisting of funds managed by ECM Equity Capital Management GmbH (“ECM”), PINOVA Capital GmbH (“PINOVA”) and Gilde Healthcare (“Gilde Healthcare Private Equity”) (together the “Investor Consortium”) has acquired a majority stake in DETAX Group, the leading supplier of polymer materials for medical applications, in the context of a management buy-out. The two long-term managing directors, Mrs. Ursula Juretzki-Mangold and Mr. Ralf König, have invested alongside the Investor Consortium as part of the transaction.
DETAX, based in Ettlingen, Germany, was founded in 1953 and today employs approx. 110 people. As a specialist in polymer materials, the group offers its customers a comprehensive product portfolio of dental and otoplastic consumables. The group serves an international, broadly diversified and loyal customer base. End users of the products include dental practices, dental laboratories as well as audiologists and audio laboratories. The group operates in a non-cyclical, highly regulated market environment. Complying with such regulation, DETAX holds all relevant MDR certificates. This makes DETAX one of the first companies in the industry with an extensive MDR-certified product portfolio.
CODEX Partners prepared the commercial due diligence of the DETAX Group for the Investor Consortium. CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, strategy development, cost optimization and restructuring of portfolio companies and in the development of industry platforms. Investors benefit from our experience from over 500 projects.
Harald Quandt Industriebeteiligungen GmbH (HQIB) has acquired a majority stake in Funke Medical AG.The previous shareholder and executive board member Andreas Funkeand other board members will continue to hold a significant share in the company.
Over the past 16 years, Funke Medical has become the market leader for decubitusprophylaxis and therapy systems in Germany. The high-quality solutions are used for the treatment and prevention of pressure ulcers and other skin damage caused by prolonged immobility of patients. For its products, the company uses proprietary innovative foam formulations and combinations of different foam layers. Funke Medical exports its products to more than 30 countries worldwide.
CODEX Partners prepared the commercial due diligence of Funke Medical for HQIB.
CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, strategy development, cost optimization and restructuring of portfolio companies and in the development of industry platforms. Investors benefit from our experience from over 500 projects.
DWS S.r.l. (www.dwssystems.com) designs and produces 3D printers for prototyping and rapid manufacturing, materials for 3D design, and related software. Quality and continuous innovation are the company’s distinctive features. The company which is based in Thiene (Italy) is one of the most innovative in the sector with over 250 industrial, design and technology patents filed since 2007. DWS exports 80% of its production to more than 60 countries worldwide, with a focus in the jewelry, fashion, industrial and dental sectors. DWS is a supplier to prestigious fashion and luxury houses, among which are Bulgari, Tiffany and Cartier, and also to multinational industrial groups such as Samsung, Bose, Panasonic and Sony. The dental division, with its unique DFAB solution, is a major innovator in this sector. It has accelerated the digitization process with benefits in terms of time, cost and quality for the customer. The DFAB system has also received the Red Dot Award for industrial design in 2018.
B.group S.p.A. (www.bgroup.it) has underwritten a reserved capital increase to accelerate DWS’ strategic growth. B.group aims to strengthen the managerial team and sales network, and enhance the existing innovative solutions offered to the industrial, luxury and dental sectors. B.group S.p.A. is an entrepreneurial private equity group which directly invests capital in selected highly innovative small- and medium-sized firms. They aim to strengthen their development and growth through long-term capital increases, expertise, and international networks.
CODEX Partners prepared the Commercial Due Diligence of DWS for B.group.
CODEX Partners supports investors in commercial and vendor due diligence, in strategy development and value enhancement projects for portfolio companies and in buy & build platforms. CODEX Partners has served clients in more than 500 projects.
As part of the succession plan HANNOVER Finanz takes a majority stake in the dental technology company Dental Direkt GmbH. The founder and family entrepreneur Gerhard de Boer will remain as a shareholder of the company. The managing directors Marcel Brüggert and Marvin Kühme will also become shareholders.
Dental Direkt, based in Spenge in North Rhine-Westphalia/Germany, is a digital full-service partner of dental laboratories. The company supplies its customers with own- produced milling blanks, CAD/CAM equipment and implant components. Dental Direkt also offers its customers a manufacturing service for complex dental prosthetics produced in its own technology center. The heart of the company is one of the most modern, automated production facilities for milling blanks for the dental industry. The company has grown steadily since it was founded in 1997 and today employs more than 100 employees. In the current financial year sales of around EUR 30 million are expected. Dental Direkt supplies customers in more than 60 countries worldwide.
CODEX Partners prepared the Commercial Due Diligence of Dental Direkt.
CODEX Partners supports investors in commercial and vendor due diligence, in strategy development and value enhancement projects for portfolio companies and in buy & build platforms. CODEX Partners has served clients in more than 500 projects.
VR Equitypartner, INVICTO Holding and the management have sold all shares in United MedTec Holding GmbH (UMT) to the listed GESCO AG, an industrial group with market and technology-leading medium-sized companies. At the same time, the UMT subsidiaries, W. Krömker GmbH and Tragfreund GmbH, are transferred to the new owner.
W. Krömker GmbH, founded in 1976, with around 60 employees, is a leading developer and manufacturer of medical technology accessories. The main product groups include support arms, articulated arms, holding systems and trolleys, which are often patented and developed together with customers. All well-known medical OEMs are represented in the company’s customer portfolio.
CODEX Partners prepared the Commercial Vendor Due Diligence of Krömker.
CODEX Partners supports investors in commercial and vendor due diligence, in strategy development and value enhancement projects for portfolio companies and in buy & build platforms. CODEX Partners has served clients in more than 500 projects.
NORD Holding, together with an experienced management team led by Mr. Wilhelm Evers, is pursuing a buy-and-build strategy in the premium hearing care market. The acquisition of parts of the oton-/Ohrwerk Group (29 stores) lays the foundation for the planned acquisitive growth to over 150 stores.
With the buy-and-build platform NORD Holding addresses the increasing demand for high-quality hearing aids and customer-oriented service in strong contrast to established branch concepts.
CODEX Partners advised NORD Holding on the development of the hearing care stores buy-and-build strategy.
CODEX Partners advises investors on commercial 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 experiences from over 500 projects.
palero acquires a majority share in SANIMED Group as part of a corporate carve-out from Paul Hartmann AG.
SANIMED is one of the leading German homecare providers offering comprehensive and affordable care with rehabilitation and medical technology as well as advice-intensive medical products in Germany. The main areas of expertise are medical technology (e.g. ventilation, TENS devices), rehabilitation technology (e.g. wheelchairs, nursing beds) and advice-intensive medical services, such as enteral nutrition and modern wound, tracheo, stoma and incontinence care. The portfolio is complemented by innovative products that support mobility for senior citizens (e.g. stairlifts, electric vehicles). SANIMED, headquartered in Ibbenbüren / NRW, was founded in 1983 and employs more than 550 qualified employees.
CODEX Partners provided the Commercial Due Diligence of SANIMED for palero.
CODEX Partners supports investors in commercial and vendor due diligence, in strategy development and value enhancement projects and restructuring of portfolio companies and in buy & build platforms. CODEX Partners has served clients in more than 500 projects.