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6 Nov 2020

MCF advises the shareholders of ALBA Baving in the sale to IK Investment Partners

ALBA Baving Group (“ALBA Baving”), a leading German provider of infrastructure cleaning and maintenance services for the public and private sectors, has been sold to the IK Small Cap II Fund. MCF acted as advisers to ALBA Baving, underscoring its expertise in supporting businesses transition from entrepreneurial to private equity ownership, while ensuring a clear succession for the existing shareholders.

“With this deal, my brother and I are selling our lives’ work, and therefore, it was important for us to have an experienced and reliable partner on board. MCF has supported us in an excellent way, providing valuable expertise throughout and helped us navigate a highly competitive transaction process.“

Dr Jörg Baving

Shareholder of ALBA Baving

The Deal

This transaction supports ALBA Baving in their ongoing succession planning and will enable the business to expand its geographical footprint, grow its integrated service offering and pursue a clearly defined growth strategy. In the new ownership structure, the sellers, Dr Jörg Baving and Claus Baving, will retain a minority stake in the business and join the Advisory Board.

The acquisition is subject to competition authority approval in Germany and completion is expected to take place in December 2020.

The Target

ALBA Baving is a leading German provider of infrastructure cleaning and maintenance services for the public and private sectors. The company’s integrated service offering ranges from municipal and construction site cleaning services, to winter service, green space maintenance as well as advisory and other complementary services. ALBA Baving operates the largest and most modern vehicle fleet in the market and excels through extensive mechanical and digital in-house capabilities.

Client Statement

Dr Jörg Baving, Shareholder of ALBA Baving, said, “With this deal, my brother and I are selling our lives’ work, and therefore, it was important for us to have an experienced and reliable partner on board. MCF has supported us in an excellent way, providing valuable expertise throughout and helped us navigate a highly competitive transaction process.“

About IK Investment Partners

IK Investment Partners is a leading European mid-market private equity firm. Since its foundation in 1989, IK Investment Partners has executed over 135 private equity transactions through its raised capital of c. EUR 13 billion and completed over 300 add-on acquisitions. Its current portfolio over all funds comprises 42 companies.