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 > 600 m
turnover
> 4.500
employees
EUR 300 m
equity
up to EUR 50 m
equity per transaction

The VTC Team

Natalia Chaban
Natalia Chaban
Finance Director

Natalia Chaban joined VTC in July 2021 as Finance Director. She is responsible for finance, taxes, treasury and consolidated financial statements at holding level.

Previously, Natalia Chaban worked for many years in auditing and audit-related consulting at one of the Big Four companies as well as at large medium-sized auditing and tax consulting firms, most recently as an associate partner. During this time, she worked as an auditor/tax consultant for both medium-sized family-run companies as well as capital market-oriented corporates.

Natalia Chaban holds a degree in economics from the University of Ulm and successfully passed both professional examinations as German Certified Public Accountant and tax consultant.

Philipp Härtel
Philipp Härtel
Investment Associate

Philipp Härtel is with VTC since 2020. He works on current transactions and is screening potential investment opportunities and markets.

Before joining VTC he worked in the M&A team of Harris Williams in Frankfurt, where he was involved in buyside and sell side mandates. Moreover, he gained previous experience at Gimv, KPMG and ING Corporate Finance.

Philipp holds a Bachelor of Science degree in Econometrics and Operations Research from Maastricht University as well as a Master of Science degree with focus on Corporate Finance from the Rotterdam School of Management.

Andreas Joha
Andreas Joha
Senior Investment Associate

Andreas Joha joined the investment team of VTC in 2021. He works on transactions as well as portfolio management tasks and screens potential investment opportunities and markets.

Previously, he spent several years at PricewaterhouseCoopers in Munich advising private equity clients on buyside and sellside transactions.

Andreas received a Bachelor of Science in Economics and Business Administration with a major in Finance & Accounting from Goethe University Frankfurt, Germany, and a Master of Science in Finance with a major in Corporate Finance from Stockholm School of Economics, Sweden.

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 Director

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.

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.

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, two machining and two surface treatment facilities in Europe and Asia is ideally positioned to serve its customers worldwide.

Headquarter:
Stade (Germany)
Sales (EUR m):
270
Employees:
1.150
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:
>2.500
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:
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):
80
Employees:
500
United Souvenirs GmbH

United Souvenirs GmbH is a leading retailer and wholesaler of souvenirs and gift items in Europe. With its wholesale activities, the company is present throughout Europe. In addition, United Souvenirs operates over 60 stores in tourist hot spots in Austria, Germany, Spain, Poland and Slovakia.

Headquarter:
Vienna
Sales (EUR m):
45
Employees:
220

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 45m to EUR 240m 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 with successful launch of e-mobility joint venture for...

FRIWO with successful launch of e-mobility joint venture for...

Great demand from Indian manufacturers, first letters of intent signed on Promising talks with further prestigious...

Read more
FRIWO with successful launch of e-mobility joint venture for...

FRIWO with successful launch of e-mobility joint venture for...

  • Great demand from Indian manufacturers, first letters of intent signed on
  • Promising talks with further prestigious Asian two- and three-wheeler producers
  • New manufacturing plant located south of Delhi scheduled to be operational in Q1 2023
  • First substantial licensing revenues are expected for the 2023 financial year

Ostbevern, July 21, 2022 – The joint e-mobility activities with the Indian joint venture partner – the UNO MINDA Group – for the joint expansion into the Indian two- and three- wheeler market with electric engines are meeting with a very high demand on the Indian subcontinent. For instance, letters of intent for the supply of e-mobility drive solutions for prestigious Indian vehicle manufacturers were successfully signed as early as the 2nd quarter of 2022. With these agreements, sales in the mid two-digit million-euro range become possible. In addition, further promising talks are ongoing about orders that could further significantly increase the aforementioned potential sales. In the process, the joint venture partners are also talking to some of the world’s leading Japanese two- and three- wheeler manufacturers.

Manufacturing plant for e-mobility drive systems to start in Q1 2023

FRIWO and UNO MINDA are also progressing rapidly in their efforts to build up the production capacities required for this purpose. The construction of a manufacturing plant for the supply of success-critical modules for electrically powered two- and three-wheeled vehicles is already underway. There, it will be possible to produce end-to-end system solutions in the field of e-drives, comprising the necessary hardware and the appropriate software architecture. The plant south of Delhi is to cover an area of around 15,000 square metres and start operations in the 1st quarter of 2023.

Joint venture targets leadership in India’s huge market for electric two- and three- wheelers

The joint venture between UNO MINDA, a global technological driver in the automotive and vehicle supply sector, and FRIWO (49.9 % joint venture share) is aiming for a market-leading position in the establishment of e-mobility drive solutions for two- and three-wheeled vehicles in India. Industry experts estimate the market volume to be addressed by the joint venture at approximately 4.5 million vehicles by 2027. This is on the assumption that the share of vehicles with electric drives will then amount to around 15 % of the total market potential of up to 30 million two- and three-wheelers. In the light of massive environmental issues caused by the enormous pollution, the Indian government has recently launched several initiatives to increase the use of e-mobility drive systems. A prohibition of all combustion engines (<250 cm3) is being discussed.

“We are delighted that our joint venture in India has got off in such a good way. This applies to the creation of the operational infrastructure together with our partner UNO MINDA, but above all, to the immense demand we are encountering in our electric drive systems for two- and three-wheelers. In view of the great underlying growth potential from the entire region, we are very confident that we will see initial positive earnings contributions from India as early as the 2023 financial year,” comments Rolf Schwirz, Chairman of the Executive Board of FRIWO AG.

First contributions to the results from India from the 2023 financial year onwards

Between the joint venture partners, it was agreed that UNO MINDA would design, construct and finance a new manufacturing building, which will then be available to the joint venture company on a lease basis. The joint venture will then undertake the investments in the manufacturing lines, following the example of the FRIWO factories in Vietnam. Additionally, FRIWO contributes its unmatched technological expertise in electric drive systems to the joint venture. In return, the company is to receive license proceeds. However, this will not be the case until the joint venture generates a positive result. Under the premise of a successfully ramped-up manufacturing, this is anticipated by the middle of 2023 at the latest. Accordingly, FRIWO expects the first contributions to profit and cash flow from licensing income from fiscal year 2023 onwards, which will further strengthen the already anticipated positive annual result.

Download as PDF

Contact investor relations and media

FRIWO AG
Ina Klassen
+49 (0) 2532 81 869

Peter Dietz
+49 (0 )69 97 12 47 33

Der Beitrag FRIWO with successful launch of e-mobility joint venture for the two- and three-wheeler market in India erschien zuerst auf FRIWO.

IFAT 2022 - New Sesotec VARISORT+ FLEX sorting module

IFAT 2022 - New Sesotec VARISORT+ FLEX sorting module

Co-exhibitor KRS Recycling Systems presents glass sorting system K9+

Read more
IFAT 2022 - New Sesotec VARISORT+ FLEX sorting module

IFAT 2022 - New Sesotec VARISORT+ FLEX sorting module

Sesotec will be presenting the new VARISORT+ FLEX sorting module to trade visitors at IFAT 2022, which will be held in Munich from May 30 to June 03, in Hall B5, Stand 415/514. As a co-exhibitor, Sesotec subsidiary KRS Recycling Systems will be represented at the IFAT booth with the K9+ glass sorter.

The VARISORT+ FLEX multi-sensor system can be used in a wide range of applications in the recycling industry. It was developed to separate mixed material streams into separate fractions. In this way, the foreign body-free and sorted materials can be profitably returned to the production cycle. The modular design allows the combination of up to three sensors: C (color), M (metal) and N (plastic types).

In addition to the VARISORT+ FLEX, visitors to the Sesotec booth can discover the latest generation of the well-known K9 series as the newly revised K9+ version at co-exhibitor KRS Recycling Systems. The K9+ units are used in the glass recycling industry, where maximum throughput is required with minimum impurities in the end product.

Michael Perl, Group Director Sorting Recycling, explains the contribution that Sesotec sorting systems make to the Circular Economy: "Recycling of recyclables is sustainability in its purest form. It is the basis for the circular economy. Sesotec's detection, separation and sorting systems enable high quality secondary raw materials, which is crucial for the profitability of recycling companies."

Learn more about Sesotec at IFAT 2022 here: https://www.sesotec.com/emea/en/lp/ifat-2022

Sesotec innovations at the Anuga FoodTec

Sesotec innovations at the Anuga FoodTec

Sesotec live at Anuga FoodTec from April 26 to 29, 2022 in Cologne: visitors to the booth in Hall 5.2, A030/B031 can expect an extensive portfolio of foreign object detectors for every application in the food industry. The highlight is the latest generation of RAYCON X-ray inspection systems. Sesotec's service offerings will be another focus of the trade show.

Sesotec has developed the new RAYCON family, which includes entry-level, standard and high-end solutions, according to the "6 priorities concept". This concept builds on the main requirements of the food industry for compliance, safety, hygiene, efficiency, operation and service. All systems ensure reliable detection of foreign bodies such as metals, bones, stones, plastics, glass splinters and ceramics, as well as other product defects during food production and processing. Innovative software features in the new "Bonesdetector", "Wirefinder" and "Glassincreaser" filters specifically increase the detection accuracy for specific foreign bodies. For the inspection of lightweight or sharp-edged packaged products, Sesotec offers devices that do not require radiation shielding curtains.

The X-ray inspection devices of the RAYCON family feature the "Higher Level Compliance Package" as standard. The software for complete and efficient documentation offers the following features: Audit Check, Sensitivity Prediction, Compliance Mode, Compliance Monitoring and Integrated Validation Process. The experts at Sesotec, who have decades of experience in the field of foreign object detection in the food industry, look forward to personally explaining the benefits of the 6P features in a wide variety of application fields.

At the Anuga FoodTec booth, visitors can also see for themselves the service offerings tailored to the RAYCON family. The use of the Lifetime Warranty package, for example, extends the useful life of the equipment and increases cost-effectiveness.

"The meticulously crafted concept of the new RAYCON family of equipment, as well as its precision and reliability, lead to the highest quality of end products as well as cost savings and optimal efficiency," explains Thomas Hellgermann, Product Manager at Sesotec, adding, "We are looking forward to this year's Anuga FoodTec and to meeting our customers at the show."

In addition to the new inspection systems of the RAYCON family, at Anuga FoodTec 2022 Sesotec will showcase the VARICON+ metal detection system with THiNK software, which has proven itself many times over in the food industry, as well as the GF 4000 and RAPID 5000 metal separators for bulk material inspection. All devices help to optimize processes and minimize losses of time and products.

More about the exhibits on display at

www.sesotec.com/emea/en/lp/anuga-foodtec-2022