Clearwater International Germany advises Orlando Management on the sale of its majority stake in Beinbauer Group to H.I.G. Capital

Clearwater International Germany has advised the SSVP III Fund advised by Orlando Management AG on the sale of its majority stake in the supplier of commercial vehicle components Beinbauer Group (Beinbauer), to private equity firm H.I.G. Capital (H.I.G.).

Beinbauer is a leading provider of complex machined metal parts (iron, steel, aluminium) for the European on- and off-highway commercial vehicle industry (OEMs and other tier-1 suppliers). Beinbauer’s core competencies are the machining of components and assemblies in state-of-the-art production processes as well as building and managing complex supplier networks, offering its customers all-in-one solutions for axle, frame, chassis and engine parts from a single source. Headquartered in Büchlberg near Passau, Germany, Beinbauer operates four production sites and has approximately 700 employees. In 2017, the business generated revenues of more than €200m. The Beinbauer management team, headed by Tobias Lührig und Patric Meeth, will continue to lead the group.

H.I.G. will support Beinbauer’s management team in continuing the growth path of the business by further deepening existing customer relationships, broadening its customer base, and expanding into new geographies both via organic growth and focused M&A, strengthening the company’s strong market position in Europe.

The Clearwater International team was led by Tobias Schätzmüller, Managing Partner and International Head of Automotive, and Benjamin Bubrowski, Director, and was supported by Analyst Julian Feulner, Associate Pierre Knoche and Analyst Oleg Artjuschkin.

“ Led by a dedicated, highly experienced management team, Beinbauer has shown strong development in recent years and demonstrated that it plays an important role as a reliable supplier to the European heavy vehicles industry. With its clear focus on offering its customers a highly flexible “one-stop-shop” solution, we are convinced that Beinbauer can further strengthen and expand its position in an attractive market segment of the European automotive industry. H.I.G. will support Beinbauer in increasing its market position in the solidly growing commercial vehicle market, both by organic growth and via strategic acquisitions. H.I.G. is looking forward to the partnership with Mr. Lührig and Mr. Meeth as well as the entire Beinbauer team.”

Wolfgang Biedermann, Managing Director, H.I.G. European Capital Partners GmbH

“ With H.I.G. we have exactly the right partner on board that can accompany and support the group in implementing its expansion plans over the next few years. We very much look forward to working with H I.G.”

Tobias Lührig, Managing Director, Beinbauer Group

“ Through this partnership, Beinbauer will benefit not only from H.I.G.’s financial resources, but also from its substantial experience in the development of new markets and most importantly, in new acquisitions.”

Patric Meeth, Managing Director, Beinbauer Group