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
3.700
employees
EUR 300 m
equity
up to EUR 50 m
equity per transaction

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.

Christian A. König
Christian A. König
Investment Analyst

Christian König joined the VTC team in 2019. He works on current transactions and is screening potential investment opportunities and markets.

During his time at university he already gained first experience in the investment industry, amongst others with Maxburg Capital Partners, Waterland Private Equity and the Leveraged Finance Division of UniCredit Bank.

Christian holds Bachelor degrees in Economics and Business Administration as well as a Master of Science degree with focus on Finance & Accounting from Ludwig-Maximilians-University Munich.

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
Senior 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):
220
Employees:
1.100
FRIWO AG

FRIWO AG is an internationally operating systems provider developing, producing and marketing high-performance, high-quality hard- and software solutions along the electrical drive train. FRIWO’s main market segments are e-mobility, household appliances and tools, medical equipment and industrial applications. Based on a global manufacturing and sourcing footprint, FRIWO is able to deliver leading edge technology at highly competitive prices.

Headquarter:
Ostbevern (Germany)
Sales (EUR m):
100
Employees:
1.700
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):
115
Employees:
400
Sesotec GmbH

Sesotec develops and manufactures machines and systems for the detection and separation of contaminants, for product inspection and for the sorting of material flows. Product sales primarily focus on the global food, plastics, pharmaceutical, wood, textile, and recycling industries. Sesotec’s global market leadership is based on a high competence in a wide range of technologies. The leading facility for design, development and manufacturing is located in Germany. Sesotec’s export quota amounts to over 50%.

Headquarter:
Schönberg (Germany)
Sales (EUR m):
85
Employees:
500

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 85m to EUR 220m 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

Baettr Group announces CEO transition as of November 1st

Baettr Group announces CEO transition as of November 1st

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Baettr Group announces CEO transition as of November 1st

Baettr Group announces CEO transition as of November 1st

Baettr Group announces CEO transistion: Stefan Brandt resigns from his position as CEO on November 1st 2019 as planned - Peter Pallishoj becomes new CEO and leads the Baettr Group together with Ina Hannen as CFO


November 1st, 2019: Baettr Group announces today the CEO transistion as planned from Mr. Stefan Brandt to Mr. Peter Pallishøj, effective immediately.


Jürgen Leuze, owner’s representative and chairman of the advisory board of the Baettr Group, said: “I would like to thank Mr. Brandt for succesfully driving the Group's strategic realignment since November 2016. Over the past three years, Mr. Brandt has driven the conversion of Baettr with great energy and passion. We would like to thank Mr. Brandt for the substantial achievements, and we wish him all the best and success for his future career and private life.“


Mr. Peter Pallishøj, the current Group COO will be the successor and will lead together with Mrs. Ina Hannen, Group CFO, the company going forward.


Mr. Peter Pallishøj has profound experience in the wind energy sector for more than 17 years. He has worked for Baettr for more than 10 years now (former Global Castings and Vestas Machining). He started working at Vestas Machining back in 2008 as Manager of Technology in Lem. He got promoted to Production Manager and shortly after in 2011 to Factory Manager of the site in Lem which got independent of Vestas in 2014. In 2015, he moved to China and succesfully led the site in Tianjin as General Manager for almost 2 years before he started his position as COO of the Global Casting Group back in Lem. Because of all his profound experience and his understanding of the needs to continously optimize and be cost efficient to stay in the industry, the advisory board decided to make him successor of Stefan Brandt as of November 1st.


Mr. Leuze: “We are glad that Peter will take over the Group lead. With his experience he is the most obvious candidate to drive Baettr even further and develop its position as one of the main suppliers within the wind industry for casted compenents.”


Peter added: “It is with a great respect for customers, shareholders, employees and Baettr that I take up this position, and I am both proud and humble about it. If we want to succeed in making our contribution to the green transition, wind energy must be competitive with alternative energy sources, which is why it is important that we continuously develop and do our part to support the wind turbine industry. With my experience in the company since 2008 and my eager to optimize, I am looking forward to shape the positive development together with the management team of Baettr.”

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)

Sesotec is member of the “SAVE FOOD” organization

Sesotec is member of the “SAVE FOOD” organization

The company Sesotec GmbH is contributing innovative solutions to reduce food waste. In the picture from left to right: CEO Marc Setzen, Group Director Sales Division Product Inspection Andreas Reckziegel, Group Director Marketing Christian Stadler.

Sesotec is now participating as member of the "SAVE FOOD" organization, and thus actively contributes to reducing the waste and loss of food. "SAVE FOOD" is a joint initiative of the Food and Agriculture Organization FAO, the environmental program of the United Nations, UNEP, Düsseldorf Trade Fair, and "interpack", the international trade fair for packaging machines and processes. Through a wide range of projects, fairs and conferences, the companies taking part in this initiative want to raise awareness among decision-makers in politics, the economy and industry as well as among consumers, and dedicated themselves to counteract food waste.   

Sustainable management and conservation of resources are cornerstones of Sesotec Group's corporate philosophy. For that reason, the manufacturer of machines and systems for contaminant detection and material sorting decided to become a member of the "SAVE FOOD" initiative. Objective is to provide customers from the food industry with solutions that contribute to the minimisation of food waste and at the same time increase productivity and product quality. 

Andreas Reckziegel, Group Director Sales Division Product Inspection explains: "The availability of sufficient and safe food is one of our driving challenges. Within food production, our highly sensitive contaminant detectors and material sorting systems allow the accurate removal of unwanted parts such as contaminants or faulty products from the material flow, with a minimum loss of good material." 

"With our more than 40 years of experience and our innovative machines and systems we make our contribution to ensure that no contaminated food reaches the customer. Product recalls, for example due to contaminants that were found in a product, not only damage the image of a company, they also involve immense waste because all the products of a recalled batch must be destroyed", says Reckziegel explaining the commitment of Sesotec.

Marc Setzen, CEO of Sesotec, adds: " Being a member of "SAVE FOOD" is very important for Sesotec, because food wastage is not only an ethical, but also an economic problem. The EU accounts for about 88 million tons of food waste each year, estimated to cost € 143 billion. About 13 percent arise during food processing, thereof three to five percent by false reject. By working in partnership with food industry companies, we help to prevent this waste."

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

Fax
+49 (0) 89 64949 - 450