INVESTMENT PORTFOLIO

SECTOR: TESTING, INSPECTION & CERTIFICATION

COUNTRY: SWITZERLAND

SITUATION: BUY-AND-BUILD

INVESTMENT YEAR: 2024

TIC Holding

Through TIC Holding, we intend to build a leading Swiss-accredited testing, inspection, and certification (TIC) company. In this buy-and-build investment, funds advised by Winterberg and Yana have successfully acquired the nucleus asset and we plan to acquire 3-7 additional Swiss small and medium sized TIC companies in the next 5 years.

The TIC market in Switzerland is highly fragmented and building a market leader in industrial and mechanical testing, inspection and certification will be beneficial for customers and for maintaining safety and environmental standards for consumers in Switzerland and worldwide.

SECTOR: BUSINESS SERVICES

COUNTRY: UNITED KINGDOM

SITUATION: BUY-AND-BUILD

INVESTMENT YEAR: 2024

Sumer

Sumer is a buy-and-build strategy aiming to consolidate the UK accountancy sector. As of 2024, the company operates eight hubs across the United Kingdom, offering a range of business services including accounting services, audits, tax, business advisory, consulting and payroll to SME clients.

Going forward, the lead sponsor intends to grow the business further through targeted add-on acquisitions as well as broadening the range of services.

www.sumer.co.uk

SECTOR: VETERINARY HEALTH SERVICES

COUNTRY: BELGIUM

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2023

BeVet

BeVet is a Belgian vet clinic chain consisting of 18 clinics in the French-speaking Wallonia region of Belgium. The company was founded in 2020 and has since grown rapidly, both through acquisitions of existing practices and through new practice openings. BeVet offers services ranging from general medicine, surgery, hospitalisation, medical imaging, and laboratory analyses to internal medicine and nutrition advisory for companion animals.

Going forward, the lead sponsor together with the founders intends to continue growing BeVet through further M&A and selective new openings.

www.bevet.be

SECTOR: AUTOMOTIVE TRAILERS

COUNTRY: POLAND

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2023

EUROPEAN TRAILER HOLDINGS

ETH is a Polish headquartered trailer manufacturer with a pan-European client base. It produces and sells trailers under three brands, Temared, Martz and Unitrailer, in over 41 countries. It has grown entirely organically since its foundation in 2011 and counts today as one of the largest trailer producers in Europe.

Going forward, the lead sponsor together with the founder intends to continue growing ETH organically in Europe as well as grow the product range.

www.temared.com
www.martz.eu
www.unitrailer.com

SECTOR: BUSINESS SERVICES

COUNTRY: NORWAY

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2023

XYNTEO

Xynteo is a strategic advisory firm exclusively dedicated to providing sustainability & energy transition services to some of the world’s largest companies such as Shell, BP, Unilever, HUL, Hindalco, Tata, JLL, Mastercard, Visa, ABB, SAP, and Verizon.

The strategy is to unlock further growth in Xynteo by scaling the coalition model to new geographies and value chains and to strengthen the Xynteo team itself.

www.xynteo.com

SECTOR: HEALTHCARE

COUNTRY: ITALY

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2022

DENTAL FEEL

Dental Feel is a dental chain based in northern Italy. It was founded in 2017 by an experienced dentist, Dr Alberto Fabbri and has grown organically ever since. The core philosophy is to provide excellent dental services through its state-of-the-art equipment and patient-first mindset.

With eight clinics at the acquisition date, our deal partner together with the founder intends to grow organically and through select acquisitions in northern Italy.

www.dentalfeel.it

SECTOR: STUDENT RECRUITMENT

COUNTRY: INTERNATIONAL

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2022

SI-UK

SI-UK is a student recruitment agency helping students around the world secure enrolment at universities in the UK. Since 2006, SI-UK has grown organically and is present on every continent. It has become the preferred student recruitment agency for the majority of UK’s universities.

The strategy is to grow the business organically through rolling-out new offices in unserved geographies across all continents.

www.studyin-uk.com

SECTOR: TECHNOLOGY

COUNTRY: UNITED KINGDOM

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2022

AKIXI

Founded in 2008, Akixi is a UK-based developer of a SaaS call and contact analytics solution. The business has been owned by its founders to date and has grown to become a leader within its niche and serves a large customer base across various sectors including hospitality, professional services, education and healthcare.

The lead sponsor plans to grow the business by scaling its international presence whilst continuing to broaden the service offering.

www.akixi.com

SECTOR: SOFTWARE

COUNTRY: POLAND

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2021

SALES MANAGO

SALESmanago is a leading no-code SaaS marketing automation and Customer Data Platform (CDP) software provider. SALESmanago offers a comprehensive, end-to-end solution that enables companies to execute a seamless, hyper-personalized omnichannel marketing execution strategy.

The strategy is to further scale the business by strengthening the senior team and by systematically building sales capacity in Poland and abroad.

www.salesmanago.com

SECTOR: MOTORCYCLE APPAREL

COUNTRY: SPAIN

SITUATION: MAJORITY BUY-OUT

INVESTMENT YEAR: 2021

MT HELMETS

Founded in 1968, MT Helmets is a Spanish designer and manufacturer of motorcycle helmets. The company has been family-owned since the beginning and has grown to become a helmet brand with a geographical presence across the world.

Our deal partner intends to continue the company’s global growth trajectory and position the brand competitively in growing economies.

www.mthelmets.com

SECTOR: HEALTHCARE

COUNTRY: UNITED KINGDOM

SITUATION: GROWTH INVESTMENT / BUY & BUILD

INVESTMENT YEAR: 2021

REAL GOOD DENTAL

Founded in 2012, RGD is the second largest Scottish dental chain, servicing over 350,000 patients across 46 practices. The UK dental sector remains fragmented, thus providing opportunities for further consolidation and professionalization.

Our deal partner and management will continue to expand the group’s footprint and service offering in addition to strengthening the group’s overall capabilities.

www.realgooddental.com

SECTOR: EVENT INFRASTRUCTURE

COUNTRY: GERMANY

SITUATION: GROWTH CAPITAL & PARTIAL FOUNDER BUYOUT

INVESTMENT YEAR: 2019

EVAGO GROUP

Evago, based in Pyrbaum (Germany) is a leading live event infrastructure rental company. It caters the attractive live events market that has profited from secular growth over the past decade. The business model revolves around the rental of mission-critical infrastructure, such as barriers, floor protection, chairs, loudspeaker towers etc.

The additional capital will support the ambitious growth plans, including add-on acquisitions and geographical expansion.

www.evago.com

SECTOR: AIRCRAFT LEASING

COUNTRY: IRELAND

SITUATION: FULL BUYOUT

INVESTMENT YEAR: 2019

ASL

Dublin-based ASL is Europe’s largest provider of express air cargo transport capacity in the logistics segment. With a fleet of over 120 aircrafts, ASL operates in Europe, Asia, the Americas and Africa.

The new investors support the management team in its strategy of continuing to provide a safe, reliable and best-in-class service to all customers, becoming the leading growth partner to the e-commerce sector, expanding to new geographies and driving operational efficiencies.

www.aslaviationholdings.com