Riverside Sells IndustrieHansa

The Riverside Company, a global private equity firm, has exited its investments in IndustrieHansa Engineering and Consulting, a German automotive and aerospace engineering and consulting group.

No sum was disclosed for the sale to Findos Investor.

IndustrieHansa was acquired in December 2006 from Siemens/MCE for an undisclosed sum. The business was a platform investment for Riverside portfolio company Advanced Information Systems Group.

Riverside said that IndustrieHansa achieved an EBITDA CAGR of 37% due to organic growth and the add-on acquisition of German digital engineering business AICAT CA Technologies Consulting in June of this year.

Riverside has been through an extraordinarily active period in 2008 to date, carrying out more than 20 transactions, including eight European acquisitions.

Source: Thomson Merger News