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 30 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
Investment Manager

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.

Ludovic Taillandier
Ludovic Taillandier
Investment Associate

Ludovic Taillandier joined the investment team of VTC in 2023. He works on current transactions and is screening potential investment opportunities and markets.

Before joining VTC he spent several years working in the private equity sector at Crédit Mutuel Equity in Frankfurt.
Ludovic holds a Bachelor of Science degree in International Business, as well as a Master of Science degree with focus on Strategy & Innovation from Maastricht University, Netherlands.

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:

Assistenz (m/w/d)

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):
250
Employees:
900
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):
170
Employees:
2.700
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):
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):
90
Employees:
600
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):
55
Employees:
300

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

E-mobility joint venture of FRIWO and UNO MINDA receives further orders

E-mobility joint venture of FRIWO and UNO MINDA receives further orders

The manufacturing facility south of New Delhi will be able to produce complete system solutions in the e-drive sector, comprising the necessary hardware and the appropriate.....

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E-mobility joint venture of FRIWO and UNO MINDA receives further orders

E-mobility joint venture of FRIWO and UNO MINDA receives further orders

  • Major orders from Indian manufacturers
  • New production facility located to the south of Delhi will start operations in 2nd quarter 2023
  • Substantial joint venture sales expected for 2nd half of 2023
  • FRIWO expects significant licensing and investment income from 2024 onwards

Ostbevern, 20. January 2023 – The very high demand of electric drive solutions for two- and three-wheeled vehicles in India has already led to orders and letters of intent for a total volume of more than 400 million euros at the joint venture of FRIWO and the Indian UNO MINDA Group. The orders are expected to lead to sales in the years 2023 to 2026. The customers are several renowned Indian vehicle manufacturers. In addition, further promising conversations are underway also with well-known Japanese manufacturers about orders which could significantly increase the above-mentioned sales potential in the future. Once all formalities and legal requirements have been fulfilled, the construction of the production capacities required for the project is in full swing, with the result that production at the company’s own manufacturing facility is expected to start in the 2nd quarter of 2023.

Production start of joint venture in 2nd quarter 2023 – expansion possible

The manufacturing facility south of New Delhi will be able to produce complete system solutions in the e-drive sector, comprising the necessary hardware and the appropriate software architecture. The facility is initially designed for an area of around 15,000 square meters but can be expanded extensively in the near future if demand remains high. UNO MINDA will be financing and building the production facility and subleasing it to the joint venture. The remaining investments, initially in the single-digit million euro range, for the construction of the production lines will be shared proportionately by the two joint venture partners (UNO MINDA 50.1% and FRIWO 49.9%). Until the beginning of production in this facility, the first orders will be produced in a temporary manufacturing plant.

Booming orders underline leading role in huge market for two- and three-wheelers with electric drive in India

Thanks to this boom in orders, the joint venture between UNO MINDA – a globally active technology leader in the automotive and vehicle supply industry – and FRIWO is thus already assuming a market-leading position in e-mobility drive solutions for two- and three-wheeled vehicles in India and is aiming for a substantial share in the market volume, which is estimated at around 4.5 million vehicles by 2027. Driven by support programs and initiatives of the Indian government to combat massive environmental pollution, the percentage of vehicles with electric drives is then expected to be around 15% of the total market potential of up to 30 million two- and three-wheelers.

“We are overwhelmed by the enormous demand for our electrical components and drive systems in India. We would not have thought an order volume of more than 400 million euros would be possible after such a short time. And this does not have to be the end of the success story we are writing with our partner UNO MINDA. Together, we want to shape and help develop the huge Indian market for two- and three-wheelers with electric drives from 2023 onwards with our new production facility. This will have a very positive impact on our results in the coming years,” comments Rolf Schwirz, CEO of FRIWO AG.

FRIWO can expect high license and investment income

FRIWO will receive royalty income of 4% from the joint venture for the contribution of its unique technological expertise in electric drive systems once the break-even point is reached. This is expected in the second half of 2023, assuming a successful start of production on a smaller scale. In addition, the company will receive positive earnings in proportion to its stake in the joint venture. As anticipated, this is expected to lead to significant profit and cash flow contributions in the next fiscal year to a lesser extent and in subsequent years, which will further improve the positive annual result expected even without the joint venture.

DAYON LightSpa: Auszeichnung für herausragende Designqualität

DAYON LightSpa: Auszeichnung für herausragende Designqualität

Seit 2012 identifiziert der German Design Award maßgebliche Gestaltungstrends.....

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DAYON LightSpa: Auszeichnung für herausragende Designqualität

DAYON LightSpa: Auszeichnung für herausragende Designqualität

Seit 2012 identifiziert der German Design Award maßgebliche Gestaltungstrends und legt höchste Ansprüche an die Ermittlung seiner Preisträgerinnen und Preisträger: In einem Nominierungsverfahren werden durch Expertengremien nur solche Produkte zur Teilnahme am Wettbewerb eingeladen, die in der deutschen und internationalen Designlandschaft wegweisend sind. Sämtliche Auszeichnungen werden während einer zweitägigen Jurysitzung ermittelt. Dieses Jahr zählt auch das innovative und nachhaltige Design des DAYON LightSpa zu den Gewinnern in der Kategorie "Special Mention".

Die spezielle Auszeichnung wird für bemerkenswerte Designleistungen verliehen.

DAYON LightSpa wurde für Menschen entwickelt, die in ihrem eigenen Zuhause Well-Being auf höchstem Niveau erleben möchten. Das Zusammenspiel aus hautpflegendem, rotem Beautylicht und wohldosiertem Sonnenlicht fördert zahlreiche biopositive Wirkungen und schenkt der Haut einen gepflegten, strahlenden Teint. Hochwertige Materialien wie Handgriff & Füße aus gebeizter Eiche (FSC-zertifiziert) machen die Liebe zum Detail erlebbar. Die satinierte Liegefläche lädt durch ihre spezielle Ergonomie zu einer entspannenden Auszeit ein. Neuartige Technologien reduzieren den Stromverbrauch um rund 80 %. Die Umwelt steht nicht nur bei der Energieeffizienz, sondern auch bei der auf Langlebigkeit ausgelegten Konstruktion im Fokus. Dabei sind Design & Fertigung 100 % Made in Germany.

Wir freuen uns über diese tolle Auszeichnung!

www.dayon.com

United Souvenirs mit Übernahme der Berliner Muddastadt GmbH weiter auf Expansionskurs

United Souvenirs mit Übernahme der Berliner Muddastadt GmbH weiter auf Expansionskurs

Wien/München, 17. November 2022 – Die United Souvenirs GmbH, eine Beteiligung der VTC GmbH & Co. KG, setzt ihren Wachstumskurs mit der Mehrheitsübernahme der Muddastadt GmbH, Marktführerin im Berliner Souvenirhandel, weiter fort. Als führender europäischer Groß- und Einzelhändler von Souvenirs und Geschenkartikeln betreibt die United Souvenirs Gruppe nunmehr 75 Filialen in Österreich, Polen, Slowakei, Spanien und Deutschland.

Signing und Closing der Transaktion erfolgten am 9. November 2022 in Berlin.

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

Fax
+49 (0) 89 64949 - 450