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.
Natalia Chaban joined VTC in 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.
Sophia Eberl has been working for VTC as an assistant since 2022. She supports the management and the investment team in administrative and commercial issues.
Ms. Eberl completed an apprenticeship as a businesswoman for wholesale and foreign trade management in a medium-sized family business in Munich. There she also worked as an assistant to the management. She gained further experience as an executive assistant in a Munich-based personnel services company.
Susanne Fehre has been part of the VTC team since 2023. She supports the management as well as the Wertcontor team as an assistant in all administrative and commercial matters.
Ms. Fehre previously worked as an assistant to the board of directors of a medium-sized family business in Munich. She gained further experience at a subsidiary of Unicredit, for which she worked as an executive assistant for more than ten years. Ms. Fehre has an education as a nurse.
Philipp Härtel is with VTC since 2020. He works on transactions as well as portfolio management tasks and screens 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, Netherlands as well as a Master of Science degree with focus on Corporate Finance from the Rotterdam School of Management, Netherlands.
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.
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 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.
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.
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.
Nicole Weihrauch has been working for VTC as an assistant since 2023. She supports the management and the investment team in divers administrative and commercial matters.
Prior to VTC, she worked for a renowned Private Equity company as assistant. She gained further experience in the international business department of a leading internet platform as well as in various departments of Dresdner Bank.
Nicole completed an apprenticeship as bank clerk and has a business degree from Ludwig-Maximilians-University in Munich.
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.
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.
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.
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.
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%.
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 80 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 55m to EUR 250m 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.
Sesotec announces the commencement of construction work on the new production building in Schönberg
Sesotec announces the commencement of construction work on the new production building in Schönberg. We're investing a significant eight-figure sum to realize the most sustainable industrial construction project in our home region in the Bavarian Forest, ensuring the continued growth of our company. Deputy District Administrator Helga Weinberger, Mayor Martin Pichler, other representatives of political decision-makers, and from Sesotec's side Stefan Feldmeier (Managing Director Sesotec Immobilien GmbH), Joachim Schulz (CEO Sesotec GmbH) and Stefan Leuze (Managing Partner of the VTC Industrial Group) symbolically took part in the groundbreaking ceremony last Friday. Afterwards, we celebrated this milestone together with the entire staff at an employee party.
The new building is a prime example of resource conservation at its best. The structure will feature an innovative energy management concept, based on a combination of photovoltaics and geothermal energy, completely avoiding the use of fossil fuels. An integrated double-layered facade will not only add to the aesthetic appeal but also play a pivotal role in shading and climate control of the building.
By the end of 2024, spaces for product inspection and service, as well as modern production and storage halls, will be established here. And of course, we'll continue to retain our trusted main building, which will be upgraded according to an energy concept and lean management approach.
United Souvenirs continues expansion
United Souvenirs GmbH, a portfolio company of VTC GmbH & Co. KG, continues its growth strategy with an investment in Creaciones Jumi S.L.
Vienna/Munich, September 15, 2023 - United Souvenirs GmbH, a portfolio company of VTC GmbH & Co. KG, continues its growth strategy with an investment in Creaciones Jumi S.L., a leading Spanish souvenir wholesaler. United Souvenirs Group, a leading European wholesaler and retailer of souvenirs and gift items, currently operates 80 stores in Austria, Poland, Slovakia, Spain and Germany, as well as a pan-European wholesale business.
Signing/closing of the transaction took place in September 2023.
Erwerb der ergoline GmbH
Die geschäftsführenden Gesellschafter der ergoline GmbH ("Ergoline") regeln im Rahmen des Verkaufs ihre unternehmerische Nachfolge
Die ergoline GmbH ist ein führender Hersteller von medizinischen Ergometern sowie kardiologischen Rehabilitationssystemen und bedient als weltweit anerkannte Marke namhafte Kunden in den Bereichen Kardiologie und Medizintechnik mit einem breiten Geräteportfolio "Made in Germany".
Die VTC GmbH & Co. KG ("VTC") erwirbt über ihre Beteiligung JK-Holding GmbH ("JK") im Rahmen dieser Nachfolgelösung 100% der Geschäftsanteile an Ergoline. Mit dem Verkauf regeln die beiden langjährigen geschäftsführenden Gesellschafter, Herr Dr. Neumann und Herr de Witt, ihre unternehmerische Nachfolge und stellen die Weichen für weiteres Wachstum. Die teils jahrzehntelangen Beziehungen zu Kunden und Lieferanten werden mit 70 Mitarbeitern am bestehenden Standort im baden-württembergischen Bitz fortgeführt.
Die private Münchner Beteiligungsgruppe VTC hat in der Vergangenheit mehrfach bewiesen, dass sie maßgeschneiderte Nachfolgelösungen für Unternehmer anbieten kann, die ihr Geschäft an einen langfristig orientierten Partner abgeben wollen. Zusammen mit den Herren Dr. Neumann und de Witt, die zunächst weiterhin als Geschäftsführer tätig bleiben, werden die Führungsstrukturen ausgebaut und in die Stärkung der globalen Marktposition investiert. Die VTC bringt dabei zusammen mit dem JK-Managementteam ihre langjährige Erfahrung in der Entwicklung und Professionalisierung von Organisationen und Prozessen sowie beim Ausbau erfolgreicher Geschäftsmodelle ein.
