About us

We are an industrial holding company with steady growth, which originates from acquisitions as well as the organic development of our group companies.

Entrepreneurs with long track record

We started building VTC from the mid 1990ies. At that time we were one of the first private equity firms in Germany, investing external capital mostly from high net worth individuals. Since 2004 we are able to live our dream: by investing our own equity, we became entrepreneurs ourselves. This allows us to take a long view concerning VTC and its group companies. Unlike a private equity investor, we have no exit focus.

Holding with added value

As sparring partners for the top management of our group companies we provide support in strategic discussions or selected projects. Our group companies are fully independent of each other, and the holding does not provide any central functions for the group. We emphasize the importance of flexibility and quick decision making.

Professional acquirer

Our strong experience and solid financial background (our holding is fully equity financed) makes us a trusted partner for corporates or entrepreneurs in divestment processes. Due to our lean structure we can take quick decisions and offer flexible deal structures. Being entrepreneurs ourselves helps us to understand the motivation and  emotions of private sellers.

Strong corporate values

Our team has grown organically over the last 20 years. The resulting company culture is based on strong values, which we carry into our group companies. We rate the long term impact of our actions higher than short term financial results. An investment in a company is also a commitment from our side towards customers, employees and financing partners.

Our Values

VTC in Numbers

EUR > 500 m
turnover
4.200
employees
EUR 300 m
equity
up to EUR 50 m
equity per transaction
over 150
deals per year reviewed

The VTC Team

Christian Kalasch
Christian Kalasch
Investment Manager

Christian is with VTC since 2016. He supports transaction processes as well as the development of group companies (e.g. in add on acquisitions).

From 2011 to 2015 he worked for Commerzbank M&A in Frankfurt and London and William Blair in their Frankfurt, London and Chicago offices. He was involved in numerous buy side and sell side mandates and advised clients on strategic portfolio optimizations. His industry focus was on industrials, health care and services.

Christian holds a bachelor degree in business (finance and accounting) from Ludwig-Maximilians-University in Munich and a master’s degree in finance from St. Andrews University in Scotland.

Jürgen Leuze
Jürgen Leuze
Managing Partner

In the early years of VTC Jürgen worked on a number of industry roll ups and held management positions in portfolio companies. Since then he has responsible for many transactions and gained broad experience in the industrials and renewables space. Jürgen is in charge of Baettr Holding GmbH.

Before his time at university he worked as a trainee for HypoVereinsbank AG in Munich. He is an active shareholder in the Leuze family business.

Jürgen holds a business degree (lic.oec.HSG) from the University of St. Gallen, Switzerland.

Stefan Leuze
Stefan Leuze
Managing Partner

Stefan has overseen a number of VTC‘s transactions in Germany and Switzerland, mostly in the mechanical and plant engineering businesses. He is in charge of Sesotec GmbH and JK Group.

Before joining VTC Stefan was partner in a turnaround consulting firm where he also took on interim management positions. He started his career as a trainee at HypoVereinsbank AG and later worked for Bain & Company in Munich and London.

Stefan serves as a board member of the Leuze Group.

He has a business degree from Ludwig-Maximilians-University in Munich.

Julius Mährlein
Julius Mährlein
Investment Manager

Julius joined VTC in 2015. He works on transactions as well as portfolio management tasks.

From 2011 to 2014 he worked for GCA Altium and was involved in numerous buy side and sell side mandates, mainly in consumer goods and retail. In addition he was able to gain in-depth capital markets know how.

Julius holds Bachelor and Master of Science in International Business degrees from Maastricht University, Netherlands.

Verena Ogilvy
Verena Ogilvy
Head of Finance

Verena Ogilvy joined VTC in 2018. Verena is responsible for group reporting, taxes, treasury and financing.

From 2007 till 2018 she worked for EY in the assurance/audit department in Stuttgart, Melbourne and Munich. During this time she served a wide range of clients including medium-sized enterprises as well as DAX listed companies.

Verena holds a bachelor degree in business from the Cooperative State University Mannheim and a Master of Science in International Finance from the University of Applied Sciences HfWU Nuertingen-Geislingen. She holds the German Chartered Accountant and the German Tax Consultant degree.

Richard G. Ramsauer
Richard G. Ramsauer
Managing Partner

During his time at VTC Richard was responsible for a number of transactions in the industrials, infrastructure and electronics space. He manages VTC’s interests in FRIWO AG. He is also in charge of public relations at VTC.

Before joining VTC Richard worked for Bain & Company as a project manager in the Munich and Stockholm offices. During his time at Bain he focused on strategy work and efficiency programs in the industrials and commodities sectors. Richard also spends some time on his forestry estate in Austria.

Richard is an Austrian citizen and holds a business degree from the University of St. Gallen, Switzerland and an MBA from the University of Chicago, USA.

 

Dr. Thomas Robl
Dr. Thomas Robl
Managing Partner

Before co-founding VTC in 1992 Thomas had worked for IMM Industrie Management München, back then one of the first private equity firms in Germany.

During his time at VTC Thomas applied his long experience at numerous transactions. In the early years of VTC he initiated and implemented a number of industry roll-ups and took on executive positions in portfolio companies. Thomas co-founded one of the leading German private equity fund-of-funds and today is a member of the company’s supervisory board.

Thomas holds a PhD (Dr.rer.nat.) in physics from the Technische Universität Munich and an INSEAD MBA, France.

Dr. Ulrich Wolfrum
Dr. Ulrich Wolfrum
Partner

Since 2000 Ulrich has worked on numerous transactions at VTC. In addition he chaired strategic projects and add-on acquisitions at portfolio companies. He is responsible for deal sourcing at VTC and is the contact person for investment banks and M&A advisors.

Ulrich started his career at A.T. Kearney in Munich and Dusseldorf. There he focused on efficiency programs and strategy development in the consumer goods, retail and energy sectors, where he could apply the experiences from his family business.

Ulrich holds a business degree and a PhD in business from Ludwig-Maximilians-Universität in Munich.

Career

Currently we offer the following vacancies:

Analyst Private Equity (m/w/d)

Associate Private Equity (m/w/d)

Majority shareholdings

Baettr Holding GmbH

Baettr is a leading component supplier for the wind industry. The company is specialized in the serial production of large cast products for on- and off-shore markets incl. CNC-machining, metal finishing as well as subassembly offerings according to customer specifications. The international footprint with three foundries, three machining and two surface treatment facilities in Europe and China is ideally positioned to serve its customers worldwide.

Headquarter:
Stade (Germany)
Sales (EUR m):
200
Employees:
1.100
FRIWO AG

The FRIWO brand stands for high quality power supply and charging equipment. FRIWO globally develops, manufactures and markets highly efficient power supply and charging devices that are designed to meet a wide range of technical and country-specific requirements. Based on a global manufacturing and sourcing structure FRIWO is able to deliver leading edge technology at highly competitive prices.

FRIWO’s main market segments are household appliances and tools, industrial applications, medical equipment and e-mobility solutions.

 

Headquarter:
Ostbevern (Germany)
Sales (EUR m):
125
Employees:
2.200
JK-Gruppe GmbH

JK Group is a worldwide leading manufacturer of devices for the tanning, fitness, and beauty industry. At the Company’s headquarter in Windhagen (Germany), JK develops and produces devices under the brand names “Ergoline”, “Beauty Angel”, “Sun Angel” and “Wellsystem”. The fields of application include cosmetic tanning, red light and near infrared applications for skin care as well as dry water massage.

Headquarter:
Windhagen (Germany)
Sales (EUR m):
110
Employees:
360
Sesotec GmbH

Sesotec manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, pharmaceutical, wood, textile, and recycling industries. Sesotec is one of the world’s leading suppliers with seven subsidiaries and more than 40 agencies all over the world.

The leading facility for design, development and manufacturing is located in Germany. The products’ export quota amounts to over 50%.

Headquarter:
Schönberg (Germany)
Sales (EUR m):
80
Employees:
550

Acquisitions

We are constantly looking for new investments for further growth. Due to our lean decision making processes any new investment opportunity will be analyzed quickly by our team. We have earned a reputation for finding creative solutions suited for every new transaction. Since we invest our own money, we think long term and do not focus on exit strategies.

We are looking for companies which fulfill the following criteria:

Sector:
We have no sector focus. In the past we have done transactions in manufacturing, services and wholesale.

Size:
Our group companies range from EUR 80m to EUR 200m in sales. Even with substantial growth potential investments should have revenues of at least EUR 10m.
We also look for add on acquisitions for our portfolio companies which can be smaller.

Investment amount and regional focus:
We are looking for majority stakes but will also consider a qualified minority. We invest equity tickets of up to EUR 50m per deal, in case of larger transactions we would work with a partner.
Our regional focus lies on Germany, and neighbouring countries.

News

FRIWO gets award for sustainability

FRIWO gets award for sustainability

FRIWO among Germany's 300 most valuable companies

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FRIWO gets award for sustainability

FRIWO gets award for sustainability

The trade magazine "FOCUS-MONEY" has commissioned a study on the subject of sustainability, in which the 5,000 largest German companies were examined for their ecological, economic and social commitment.

Of these, 300 ultimately received the "Germany's most valuable companies" seal of quality - and FRIWO is one of them! As one of only eight companies from the electrical and electronics industry to receive the award, we are in line with industry leaders such as Siemens and Infineon.

Link to the study (german)

Link to the results PDF (german)

Neuer Finanzvorstand bei der FRIWO AG

Neuer Finanzvorstand bei der FRIWO AG

Ulrich Lammers wird zum 1. Juli 2019 neuer Finanzvorstand beim Hersteller hochwertiger...

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Neuer Finanzvorstand bei der FRIWO AG

Neuer Finanzvorstand bei der FRIWO AG

Ostbevern, 27. Juni 2019 – Der Aufsichtsrat der FRIWO AG hat mit Wirkung zum 1. Juli 2019 Herrn Ulrich Lammers (51) zum weiteren Vorstandsmitglied (CFO) bestellt. Er folgt auf Herrn Martin Schimmelpfennig, der im Oktober vergangenen Jahres aus dem Unternehmen ausgeschieden war. Der Vorstand des Herstellers hochwertiger Netz- und Ladegeräte besteht somit künftig aus dem Vorstandvorsitzenden Rolf Schwirz (CEO) und Ulrich Lammers. Der Diplom-Ökonom Lammers blickt auf langjährige Tätigkeiten für namhafte, international agierende Konzerne verschiedenster Branchen zurück. Er wechselt von der ControlExpert GmbH in Langenfeld zur FRIWO. Bei dem Insure-Tech Unternehmen im Bereich Kfz-Schadenmanagement war er als Chief Financial Officer (CFO) und Mitglied der Geschäftsführung tätig. Herr Lammers wird die klassischen Finanzbereiche sowie Investor Relations und Recht einschließlich Compliance verantworten. Vorstandsvorsitzender Rolf Schwirz (60) ist künftig zuständig für die Bereiche Technik, Produktion und Vertrieb. Richard Ramsauer, Aufsichtsratsvorsitzender der FRIWO AG: „Bei der Suche nach der Besetzung der Vorstandsposition galt für uns der Grundsatz: Sorgfalt geht vor Schnelligkeit. Mit Ulrich Lammers gewinnt unsere Gesellschaft nun einen ausgewiesenen und erfahrenen Finanzexperten. Der Aufsichtsrat ist sicher, dass er zusammen mit Rolf Schwirz, unter dessen Führung die FRIWO derzeit eine tiefgreifende Transformation vom Produkt- zum Systemanbieter durchläuft, ein schlagkräftiges Führungsteam bilden wird.“

FRIWO has changed - now our Logo does, too!

FRIWO has changed - now our Logo does, too!

It is time to carry out this transformation optically as well! Therefore we are proud to present our new logo today. All our materials are happy to shine in our new corporate design soon - be curious!

Address
VTC Industriebeteiligungen GmbH & Co. KG
Promenadeplatz 12
D-80333 München
Phone
+49 (0) 89 64949 - 0

Fax
+49 (0) 89 64949 - 450