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19 Feb 2020

MCF advises the shareholders of deconta Group in the sale of a majority stake to Schauenburg International

The founding family, the company’s management and PINOVA Capital have sold a majority stake in deconta Group (“deconta”), a leading manufacturer of equipment used for removal of hazardous construction substances such as asbestos and mould, to Schauenburg International GmbH (“Schauenburg”). Through this transaction, deconta is well-positioned for the next phase of growth and internationalisation, supported by a long-term partner with global presence and manufacturing know-how.

MCF advised all shareholders and helped facilitate the transaction through its proven ability to successfully originate and execute transactions involving family-owned companies with different groups of shareholders.

MCF advised all sell-side shareholders and helped facilitate the transaction through its proven ability to successfully originate and execute transactions involving family-owned companies with different groups of shareholders.

The Deal

deconta is a worldwide leading manufacturer of equipment used for removal of hazardous construction substances. Being one of the “hidden champions” in the market, deconta enjoys stellar reputation in the asbestos renovation and restoration industry and has a leading position in the upper end of the niche market. In 2012, PINOVA Capital acquired a minority stake in the company as part of the succession plan with the aim of driving the international expansion of the company. The product portfolio, the company’s infrastructure and international presence have been successfully expanded over the last couple of years. With Schauenburg, deconta will receive a strong partner with technological expertise and global footprint to further drive its growth and internationalisation. Through this transaction, Schauenburg will add a strong manufacturing brand with high profitability and cash generation to its portfolio. deconta will become a new strategic and sustainable addition to Schauenburg’s engineering division.

The Target

deconta’s range of machines and equipment has been developed, manufactured and distributed since 1990 and offers a maximum of security and economy due to their functionality and stability. Specialising in the equipment supply of removal operatives on construction sites – with a focus on asbestos – deconta is able to offer full-service support, including practical project planning with modern in-house production and a methodical maintenance and repair workshop.

deconta assumes a crucial supply function for removal operatives with the procurement of various specialised products, the provision of an extensive rental park and the short-term production of special solutions.

In addition to asbestos removal, deconta technologies are increasingly in demand for the removal of other pollutants and dusts. deconta is developing further growth markets with protection and decontamination equipment for disaster management.

deconta was established by Wilhelm Weßling and a partner in 1998. The company operates on a global scale and currently has subsidiaries in France, Italy, Switzerland, Spain, Australia and the United Kingdom. deconta and its subsidiaries currently employ 125 staff.

About PINOVA Capital

PINOVA Capital is an independent investment firm focusing on equity capital investments in innovative mid-market companies with strong growth. Target companies should be headquartered in German-speaking countries, with revenues between € 10 million and € 75 million and equity requirements between € 5 million and € 50 million.

About Schauenburg

Schauenburg International is a family-managed holding company operating on an international level with a focus on acquiring majority shares in well-established and profitable industrial enterprises. Investments are made on a long-term basis, paying regard to sustainability and trustful cooperation with the existing management teams. Schauenburg Group focuses on companies that are leading in technological niche markets and that strengthen and/or reasonably supplement existing business domains.