H.I.G. Europe, has acquired a majority stake in the Losberger Group, a near Heilbronn, Germany-based company that develops, produces, sells and leases temporary spaces.
The amount of the transaction was not disclosed.
H.I.G. Europe, the European arm of mid-market private equity firm H.I.G. Capital, will support the management team to further strengthen the company’s market position by growing organically and via strategic acquisitions.
Losberger currently providers modular event tents and temporary halls. 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. Temporary halls include those for trade fairs and exhibitions, steel halls for trade and industry and temporary solutions for human aid organizations and armed forces.
Founded in 1919, the company has about 650 employees and revenues of over €100m. Beyond Germany, it also operates subsidiaries in France, the United Kingdom, Italy, China and the U.S.
FinSMEs
07/09/2011