H.I.G. Europe, the European arm of mid-market buyout shop H.I.G. Capital, has acquired a majority stake in the Losberger Group. Germany-based Losberger produces, sells and leases temporary spaces such as modular event tents. Terms of the buyout were not released.
H.I.G. Europe, the European arm of leading mid-market private equity firm H.I.G. Capital, announced that funds advised by H.I.G. European Capital Partners GmbH have acquired a majority stake in the Losberger Group.
Losberger Group (“Losberger”), with revenues of over EUR 100 million, is a global leader in the development, production, sale and leasing of temporary space solutions (i.e., modular event tents and temporary halls). The company is headquartered near Heilbronn, Germany and today operates subsidiaries in France, the United Kingdom, Italy, China and the U.S.
Losberger offers highly flexible, modular tent and hall systems to its clients. In the event segment, recent reference projects include the Olympic Games 2008 in Beijing and the World Expo 2010 in Shanghai. Losberger further provides temporary halls for trade fairs and exhibitions, steel halls for trade and industry and temporary solutions for human aid organizations and armed forces.
Building on Losberger’s exceptionally strong brand awareness in the global tent industry, H.I.G. Europe will support the management team of Losberger in the future to further strengthen its market position by growing organically and via strategic acquisitions.
Wolfgang Biedermann, Managing Director at H.I.G. Europe, commented:
“H.I.G. Europe is the right long-term oriented and financially strong partner for Losberger. This partnership will enable Losberger to serve its markets even more dynamically and to even better stay focused on the needs of its national and international customers.”
Klaas Reineke, Director at H.I.G. Europe, added:
“Thanks to its wide product range, its superb quality and its international presence, Losberger is among the globally leading providers of temporary space solutions. H.I.G. Europe is excited to support the management and employees of Losberger Group on their expansion course in the years to come.”
The investment in Losberger is H.I.G. Europe’s 5th 2011 transaction in the German-speaking countries and its 11th transaction in Europe.
About Losberger Group
Losberger is a global leader in the development, production, sale and leasing of temporary tent and hall systems. The tents with span-widths of up to 50 meters are used for exhibitions, major events, company events, product presentations, retail, municipal facilities and temporary airport terminals. In its industrial segment, Losberger sells and leases various system halls predominantly used as storage, production and sales area. For military and human aid purposes, Losberger sells tent and hall systems that are easy to transport and can be quickly set up. These include inflatable structures, group tents, sanitary facilities and special halls and hangars for the storage of technical and military devices. With its stock of tents and halls of about 650,000 square meters, Losberger is one of the leading worldwide providers of mobile halls and tent systems for rent. The company was founded in 1919 and is headquartered near Heilbronn, Germany. Including its subsidiaries in France, the United Kingdom, Italy, Hungary, China and the US, Losberger has about 650 employees. www.losbergergroup.com
About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with more than $8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 50 companies with combined revenues in excess of $8 billion.