WHO we are

Alpina Partners („Alpina“) is a London and Munich based investment firm.

  • Alpina is independent and owner-managed.
  • The investment team is a substantial investor in the funds alongside well-respected long-term institutions and family offices.
  • Alpina has over € 300 million in assets under management.
  • Our team has proven industry experience in the technology sector, strong international work experience and a global network (see “Team”).

What we do

Alpina invests in leading European technology businesses.

  • Alpina focusses on European growth companies with a strong technical USP.
  • We are highly flexible in terms of transaction structures and render a variety of deals including minority growth capital investments as well as leveraged buyouts.
  • We invest in five distinctive technology sectors, which offer exciting investment opportunities (see “Strategy”).
  • As a PRI signatory we are committed to the Principles for Responsible Investment.

HOW WE ADD VALUE

Alpina helps to unlock the growth potential of technology companies.

  • We are a long-term investor focussing on sustainable value creation.
  • We support management teams on their growth path as sparring partners on board level.
  • We help entrepreneurs to shape their growth strategy in order to internationalize technology businesses.
  • We leverage our strong global network to provide relevant contacts and expertise.

About Us

Alpina Partners is a London and Munich based European technology growth investment firm.

Alpina Partners is owner-managed and independent. The funds are provided by long-term institutional investors, family offices and the Alpina investment team. The firm has over € 300 million in assets under management

Currently, the team is investing a € 140 million private equity fund which was established in 2014 and has a lifetime of up to 12 years. Investment decisions are made by the partners without any external parties involved.

Alpina differentiates itself by its entrepreneurial spirit, a strong international network, a true passion for growth and technology, a high flexibility in terms of transaction structures as well as a fast and transparent approach towards decision-making.

Strategy

Focus

  • We invest in the following five sectors: software and data services, electronics, advanced materials and chemicals, industrial process and mechanical engineering.
  • We focus on Europe with an emphasis on DACH (Germany, Austria and Switzerland), Benelux, the UK, Ireland, and the Nordic region.
  • We invest between € 7.5 and 15 million per deal (up to € 30 million together with co-investing LPs).

INVESTMENT CRITERIA

  • High-quality products or services with strong technical USP and ideally defensible intellectual property
  • Strong organic and / or acquisitive growth potential
  • Strong barriers to entry
  • At least € 10 million revenue during the last twelve months
  • Scalable business models
  • EBITDA > 0
  • Strong ESG credentials (in particularly a positive environmental impact)

TRANSACTION STRUCTURES

  • Majority and minority investments
  • Growth capital investments
  • Leveraged buyouts
  • Succession situations
  • Management buyouts
  • Management buy-ins
  • Owner buyouts
  • Corporate carve-outs
  • Buy-and-build strategies
  • Complex financial and structural situations

News

October 24, 2016

Cadolzburg: CF Holding GmbH („CFH“), a portfolio company of Alpina Partners has acquired the operations of CrossLink Faserverbundtechnik GmbH & Co. KG („CrossLink“) as part of an asset deal. CrossLink…

October 1, 2016

A new technology has been given the starting signal beginning from the 1st of October in the state of Saxony. The mid-size companies, PD Glasseiden, European Carbon Fiber GmbH and…

October 1, 2016

A new technology has been given the starting signal beginning from the 1st of October in the state of Saxony. The mid-size companies, PD Glasseiden, European Carbon Fiber GmbH and the ForschungsCampus Open Hybrid LabFactory e.V. start the joint venture CarboSax GmbH, which pursues the objective of developing, manufacturing and distribution of carbon fibers in Germany.

Carbon fibers are the key raw material for modern lightweight construction technologies and are therefore referred to as "steel of the 21st century". They are used in new commercial aircraft designs, which consume significantly less fuel compared to the previous models, but also in spacecrafts, wind turbines, sporting goods and more recently in large production volume series vehicles.

In the first step at a location in Chemnitz, Saxony, a pilot line for the sustainable production of carbon fibers will be built from the CarboSax GmbH, thus creating the basis for both specialised niche production and future full-scale plants in Germany. With the decision for this location, the strong capabilities in the textile region of Saxony are complemented and simultaneously a strong partner network created with relevant activities in Lower Saxony, Bavaria and other federal states. The aim is to establish the entire value chain for Carbon Composites with powerful pilot plants in Germany.

The traditional industry of textile machines and textile processing and pioneering expertise in lightweight construction with fiber-reinforced composites have resulted in technical textiles to be at the center of a future growth market in Saxony. Fiber-reinforced composites with carbon fibers have very beneficial weight-related mechanical properties. Based on fiber reinforced plastics, components can be manufactured, which allow up to 50% weight reduction over comparable steel parts and 30% compared to steel components.

With the competence to manufacture carbon fibers the established local industrial core competence is complemented by a central expertise in materials production. The objective of this carbon fiber pilot line production at CarboSax GmbH is a significant reduction in production costs by 30% over currently available commercial carbon fibers. This cost reduction is required to further enable the use of carbon fiber in mass production in the automotive industry, mechanical engineering and wind power. An equivalent objective of CarboSax GmbH is to optimize the CO2 footprint with a CO2 emission reduction in the carbon fiber line of at least 50%.

In order to achieve that, excess wind power in the pilot line will be stored locally and the energy-intensive operation of the carbon fiber line will be optimized through system optimization and improved operating strategies. The objective of this pilot line production is to set the world wide benchmark in local carbon fiber production using renewable energy sources. In addition, following the local production, long transport distances of the carbon fibers produced become unnecessary and thereby additional CO2 emissions are avoided.
An essential part of the technology development is the use of, with respect to their environmental performance, significantly improved precursor materials. In order to achieve that an increasing substitution of the petroleum-based raw material ACN (acrylonitrile) used to date, will be substituted by increasing amounts of renewable resources such as Lignin. In addition the reprotoxic solvents, currently used will be worldwide for the first time replaced by non-toxic solvents and thus a substantial improvement of the environmental performance can be achieved.

Cutting-edge technologies to improve overall system performance and automated process control and monitoring will be used in the pilot line of CarboSax GmbH. In particular, the increased processing speed based on improved process control during the various stages of the process offers great potential to reduce costs. Another focus will be the implementation of the latest findings in materials research. Quantum mechanical approaches enable improved process control from substantive thermodynamic knowledge of the reaction kinetics.

With the localisation of CarboSax GmbH in Chemnitz another innovative company in Saxony will be built, that complements the established processing industry. An important for the establishment in Chemnitz is the existing excellent university landscape with highly trained top scientists in a vibrant innovation environment with a variety of existing networks and the availability of an existing modern infrastructure.

P-D Glasseiden GmbH

P-D Glasfiber is a fiberglass producer based in Germany which manufactures a wide range of fiber glass products, ranging from yarns and fiber bundles to woven fiber bundles, fiber mats, multiaxial fiber fabrics to coated fibers. The group has 9 production sites in Europe, Asia and North America. P-D fiber glass has its business activities focused on customized solutions for various industries, ranging from the building manufacturing and public infrastructure to the automotive and aerospace industries.

Dolan Gruppe

DOLAN is a medium-sized company established in Kelheim, Bavaria, a producer of acrylic fiber specialties and commercial carbon fiber precursor fibers. Dolan will design and manufacture new precursor fibers in close cooperation with Carbosax, and take over the marketing of the carbon fibers. Dolan produced since 2009 in large plants economic precursor fibers that have already been successfully introduced in the market. The main product of DOLAN are spun-dyed fibers for high quality outdoor applications.

Open Hybrid LabFactory e.V.

The public-private partnership Open Hybrid LabFactory e.V. was established in 2012 under the auspices of the Lower Saxony Research Centre for Vehicle Technology at the TU Braunschweig and Volkswagen AG.

The Lightweight Campus Open Hybrid LabFactory aims to establish manufacturing technologies suitable for mass production for economically and environmentally sustainable production of hybrid lightweight components made of metals, plastics and textile structures. The entire value chain for hybrid components has been established; from conceptual design to carbon fiber production and hybrid production processes through to recycling.

August 25, 2016

Funds managed by Alpina Partners (“Alpina”) have acquired cimdata software GmbH (“Cimdata”) from Infoniqa Holding GmbH (“Infoniqa Holding”) and iLab24 Mittelstandsfinanzierungs AG (“iLab24”). Cimdata will become part of a larger…

August 25, 2016

Funds managed by Alpina Partners (“Alpina”) have acquired cimdata software GmbH (“Cimdata”) from Infoniqa Holding GmbH (“Infoniqa Holding”) and iLab24 Mittelstandsfinanzierungs AG (“iLab24”).

Cimdata will become part of a larger group of enterprise software businesses focusing on ERP (enterprise resource planning). In the course of this buy-and-build strategy in the software space, Alpina has previously acquired a majority stake in oxaion GmbH, an ERP software company based in Ettlingen, Germany. Terms of the transaction will not be disclosed.

“We are happy to welcome Cimdata as new member of our software buy-and-build platform. The company is a well-respected supplier of specialized ERP software solutions with a clear focus on the manufacturing industry”, says Dr. Florian Strehle, Partner at Alpina Partners.

Infoniqa Holding and iLab24 had decided to exit the ERP segment for strategic reasons. “Cimdata is a typical SME with lots of tradition and potential. We were looking for a buyer whose strategy is in line with the successful development of Cimdata going forward. Alpina’s approach was convincing for us”, comments MMag. Karl-Heinz Götze, Managing Director of Infoniqa Holding.

“Alpina will support Cimdata on our growth path. We are looking forward to work together and to leverage synergies within the group”, says Holger Looks, CEO of Cimdata.

Alpina Partners (www.alpinapartners.com) is a London and Munich-based independent investment firm with over € 300 million in assets under management. Alpina focusses on European growth companies with a strong technical USP. Alpina Partners is supported by the European Union through the Competitiveness and Innovation Framework Programme (CIP).

August 17, 2016

Integrated Micro-Electronics Inc. (PH: IMI) and the shareholders of VIA optronics GmbH (VIA) announced the signing of a definitive agreement under which IMI will acquire a 76 percent stake in…

August 17, 2016

Integrated Micro-Electronics Inc. (PH: IMI) and the shareholders of VIA optronics GmbH (VIA) announced the signing of a definitive agreement under which IMI will acquire a 76 percent stake in VIA, a leading optical bonding and display solutions provider, for EUR 47.4 million. Company founder Jürgen Eichner will retain a 24 percent ownership and continue to lead VIA as Managing Director, reporting to Arthur R. Tan, IMI’s chief executive officer.

Alpina Partners is selling all of its 55% shareholding as part of the transaction. Alpina Partners has been a shareholder in the company since June 2010.

“This transaction represents a unique opportunity to accelerate IMI’s growth and broaden VIA’s opportunities by leveraging off of IMI’s global footprint and resources,” Mr. Tan said.

“We announce today an exciting next chapter for VIA, as we have found the perfect strategic partner that is aligned with our values and growth ambitions,” Mr. Eichner said.

“Alpina Partners is pleased that VIA found a great strategic partner for the future. It has been a successful investment for us” said Joerg Sperling, Managing Partner of Alpina.

About IMI
Integrated Micro-Electronics Inc. (IMI) is one of the leading global providers of electronics manufacturing services (EMS) and power semiconductor assembly and test services with manufacturing facilities in Asia, Europe, and North America.

About Alpina Partners
Alpina Partners is a London and Munich based investment firm with over € 300 million in assets under management. Alpina focusses on European growth companies with a strong technical USP.
Alpina Partners is supported by the European Union through the Competitiveness and
Innovation Framework Programme (CIP) and by British Business Bank

Contact
Joerg Sperling, Alpina Partners

Portfolio

  • Country: Ireland
  • Sector: Electronics and Software
  • Status: Exited
  • Year invested: 2009

Management software and hardware for the waste industry

Based in Ireland, AMCS Group has developed an integrated IT system comprising both software and hardware to provide management information to waste management companies. AMCS’ technology monitors the location of refuse trucks and customer bins and measures the weight of the waste in each bin as it is being tipped into the refuse collection lorry. This data is transmitted to the waste management operator’s back office in real-time and is applied to real-time billing and invoicing for waste collected.
This technology can be used by the waste management industry to disincentivise the sending of waste to landfill through weight-related charging and/or to incentivise increased waste recycling. It can also be used to enhance the operational efficiency and profitability of waste management operators through the optimisation of waste collection routes.
Alpina Partners invested in AMCS alongside Investec (previously NCB Ventures) and Enterprise Ireland in February 2009 all of which profitably sold their ownership in the company in (Investec only in part) in January 2014.

Location: Ireland
Sector: Electronics and Software
Acquired date: 2009
Status: Exited
Website: www.amcsgroup.com

Alpina Partners extensive network and in-depth experience in supporting the growth of sustainable resource efficiency businesses provided AMCS with valuable introductions to high level industry contacts and significantly enhanced the evolution of its business strategy. Alpina’s practical and tangible contribution to numerous operational matters also added considerable value to AMCS.

Jimmy Martin, Chief Executive of AMCS Group
  • Country: Germany
  • Sector: Advanced materials and chemicals
  • Status: Current
  • Year invested: 2015

Spun-dyed acrylic fibres and carbon fibre precursor

Dolan GmbH and European Carbon Fiber GmbH (ECF), both located in Kelheim, Germany, are market leading producers of tailor-made, high-quality acrylic fibres for the outdoor and industrial segments in the case of Dolan, and the carbon fibre market in the case of ECF.

Dolan’s production technology is the basis for unparalleled colour fastness, which cannot be achieved with yarn-dyed polyester or standard acrylic fibre. Furthermore, the fibres possess outstanding abrasion resistance and are automotive-certified. They are used in outdoor textiles such as sunshades, garden furniture, protective clothing and soft car tops, as well as filtration and industrial compound products.

ECF produces precursor for the production of high quality carbon fibres, and is the only independent carbon fibre precursor manufacturer in the market.

Location: Germany
Sector: Advanced materials and chemicals
Acquired date: 2015
Status: Current
Website: www.dolan-gmbh.de

Thanks to Alpina Partners expertise and network in the advanced materials and carbon fibre markets, we will further accelerate our international growth by leveraging the unique production technology and high quality products of Dolan and ECF. With Alpina Partners support we are also confident we will continue to improve our operations as well as our world-leading products.

Luis Puncernau, Managing Director of Dolan GmbH and ECF GmbH
  • Country: UK
  • Sector: Software and data services
  • Status: Current
  • Year invested: 2012

Management software and hardware for the waste industry

Headquartered in Stockport in the UK, Enterprise Solutions Holdings (“ESH”) is a leading solutions provider for the Building Energy Management market.

Enterprise Solutions Holdings, through its subsidiary WEMS, has developed a pioneering wireless building management IOT based system that is sold to markets around the world. It is is quick and inexpensive to install, provides highly valuable insights into the operation of a building/portfolio of buildings and thereafter materially reduces the cost of heating, ventilation, air-conditioning (“HVAC”) and lighting to provide a comprehensive enterprise level management solution for an entire estate of buildings as varied as telephone exchanges, retail stores and bank branches. This allows banks, retailers, telecoms companies, transport enterprises and other businesses with estates of small commercial buildings to achieve annual energy savings of 15-30% without requiring labour-intensive, wired retrofits and thereby achieving attractive financial paybacks on their purchase of WEMS’ solution.

As a solutions provider (through its subsidiary Aimteq) it provides Building Management and Energy Solutions using equipment from the major BMS technology companies to the UK market. Aimteq’s specialises in delivering systems to operate and control Heating, Ventilation and Air-Conditioning (HVAC), lighting and security systems across multiple locations in all building types (from a small Pharmacy to a major Commercial Office block). The Company also offers outsourced, contract-based energy management services from its Energy Centre service bureau in Stockport. ESH’s acquisition of Aimteq of Cirencester in the UK in August 2015 has significantly extended its reach into the larger wired segment of the buildings management systems (“BMS”) market and has enabled it to attract much larger strategic partners whose distribution channels and products it is now leveraging.

Together with Hermes GPE, Alpina Partners acquired WEMS in September 2012. Following WEMS’ bolt-on acquisition of Aimteq in August 2015, the resulting group was renamed Enterprise Solutions Holdings Ltd.

Location: UK
Sector: Software and data services
Acquired date: 2012
Status: Current
Website: www.wems.co.uk

Working closely at board level with Alpina Partners in shaping the strategy of the business and their extensive network of contacts in the UK and abroad to enact the strategy is of major benefit to ESH. There have been many instances where their ability to gain access to senior players in the market has been invaluable.

Paul Summers, CEO of ESH
  • Country: Germany
  • Sector: Advanced materials and chemicals
  • Status: Partial Exit
  • Year invested: 2010

Innovative recycled plastics company

Friedola, based in Germany, is a recycled plastics processing and products business. Its products are mainly used in the automotive and logistics industries and consist of up to 80% recycled materials. The Company already works with some of Germany’s leading vehicle manufacturers.

Friedola’s main product is CON-Pearl®, a lightweight board made of polypropylene. The boards are laminated in a proprietary way which ensures they are highly rigid, impact- and scratch-resistant, non-corroding, rot-free, chemically resistant, thermally and acoustically insulating, and extremely lightweight. The boards are made mostly from high quality recycled plastic and are 100% recyclable.

The CON-Pearl® boards are used as automotive components such as floor boards in light commercial vehicles. The boards are a lighter, cheaper and more durable alternative to the commonly used wooden floorboards. They are also used as side and roof-linings, cavity linings, partitions of light commercial vehicles and spare covers in passenger cars and vans thereby making vehicles lighter and so increasing fuel efficiency.

CON-Pearl® is also used in a variety of other applications, from multi-way packaging as light and durable boxes, to pallet sleeves, flight cases, partition walls and building materials.

Location: Germany
Sector: Advanced materials and chemicals
Acquired date: 2010
Status: Partial Exit
Website: www.friedola-tech.de

Alpina Partners is well known for its long experience and considerable value adding capabilities in cleantech markets. We were very pleased to have them join us as an investor and already Alpina Partners has helped us accelerate the growth of Friedola.

Dr. Mathias Stein, CEO of friedolaTECH GmbH
  • Country: UK
  • Sector: Mechanical engineering
  • Status: Current
  • Year invested: 2011

Small scale, modular, geothermal well-head power plants

Headquartered in the UK but with its operational hub in Reykjavik, Iceland, Green Energy Geothermal (GEG) designs, constructs, ships, installs, commissions, operates and maintains geothermal (“flash”) well-head, modular and low-cost electricity generation, transmission and distribution systems. Its unique turnkey product, with its standardised design and prefabricated modules, is transported in standard ISO containers.

GEG focuses on geothermal wellhead power plants ranging in power output from 3.5MW to 11MW. The Company combines word-class Icelandic geothermal expertise with a low-cost, flexible and global manufacturing supply chain. GEG’s technology enables developers, utilities and independent power producers to shorten significantly the time between exploration and revenue generation in geothermal projects, thereby enhancing their return on investment.

Location: UK
Sector: Mechanical engineering
Acquired date: 2011
Status: Current
Website: www.geg.co.uk

As a highly experienced and value-adding investment partner, Alpina Partners have not only provided capital for our expansion but are also bringing to bear their extensive network and experience. Alpina Partners has helped us to redomicile GEG from Norway to the UK and secure the support of the British government as we add new customers from South-East Asia while building on our existing customer base in East Africa.

Terje Laugerud, CEO of Green Energy Geothermal Ltd. (GEG)
  • Country: Germany
  • Sector: Electronics
  • Status: Current
  • Year invested: 2013

Highly efficient LED solutions for professional lighting applications

Hoffmeister Leuchten GmbH, headquartered in Schalksmühle, Germany, designs, develops, manufactures and markets high quality luminaires for interior and exterior professional lighting applications. Originally founded in 1910, Hoffmeister has in recent years developed a new portfolio of highly-efficient LED and conventional lighting solutions. The Company’s particular competitive advantage in the thermal management of LEDs allows the engineering of LED solutions offering high cost savings thanks to outstanding energy efficiency and a superior lifetime.

Location: Germany
Sector: Electronics
Acquired date: 2013
Status: Current
Website: www.hoffmeister.de

We are pleased to have found in Alpina Partners an equity partner with a deep commitment to internationalising our family-owned German business. The growth capital and international expertise available from Alpina Partners perfectly equip us to address the fast-emerging international opportunity in energy efficient lighting, particularly in LEDs.

Oliver Hoffmeister, CEO of Hoffmeister Leuchten GmbH
  • Country: Ireland
  • Sector: Mechanical engineering
  • Status: Current
  • Year invested: 2014

World’s only full colour paper-based 3D printers

Mcor Technologies Ltd (Mcor) provides the world’s most affordable, full-colour and eco-friendly 3D printers. The company is based in Dunleer, Ireland.
While most 3D printing technologies are used to build models from expensive and often environmentally harmful plastic, chemically infused powder, or metal, Mcor 3D printers use ordinary office paper as the build material. This has several advantages:

  • the paper can be imprinted with Mcor ink to provide consistent, high-definition, photorealistic colour to the 3D objects, outperforming all other technologies currently in the market;
  • the use of inexpensive paper results in low total cost of ownership;
  • no harmful particle emissions, toxic chemicals or special facility requirements;the 3D printed objects are themselves fully recyclable thanks to the use of water-based adhesives in the build process.
  • Mcor printers deliver the build quality of expensive industrial printers at a fraction of the cost.
Location: Ireland
Sector: Mechanical engineering
Acquired date: 2014
Status: Current
Website: www.mcortechnologies.com

We recently launched our next generation product, the world’s first full-colour desktop 3D printer, and are experiencing strong demand internationally for our products. The investment from Alpina Partners will allow us to deliver on our exciting sales pipeline and, together with Alpina Partners, build Mcor into a global 3D printing company. We now have all the ingredients necessary to create a world beating 3D printing technology company.

Dr Conor MacCormack, CEO and co-founder of Mcor Technologies Ltd.
  • Country: Germany
  • Sector: Software and data services
  • Status: Current
  • Year invested: 2015

Oxaion is a leading and well-established provider of Enterprise Resource Planning (“ERP”) software. The Company is based in Ettlingen close to Karlsruhe in Germany and has subsidiaries in Dortmund, Hamburg, Vienna and Wels (Austria). Oxaion currently has 150 customers, mainly in the German-speaking “DACH” region.

The Company focuses on medium-sized companies with complex supply chains that cannot use the more standardised solutions offered by companies such as SAP, Oracle or Microsoft. By offering a state-of-the-art, end-to-end and platform-independent ERP solution which is tailor made for the sub segment of the “Mittelstand” manufacturing businesses, Oxaion is well positioned to cater the needs of these SMU clients.

Location: Germany
Sector: Software and data services
Acquired date: 2015
Status: Current
Website: www.oxaion.de
  • Country: UK
  • Sector: Software and data services
  • Status: Current
  • Year invested: 2009

Software and data services platform to provide smart grid services into the home

Established in 2008 and headquartered in Newbury in the UK, PassivSystems (www.passivsystems.com) has developed an innovative home energy management system and associated data services. PassivEnergy is the only home energy management solution for the direct control and monitoring of legacy heating and hot water systems. The solution leads to a 23% reduction in household energy use and acts as a control system for domestic microgeneration from PV, solar thermal or ground source heat pumps and thus enables homeowners to maximise benefits from feed-in-tariffs. PassivSystems is working with energy efficiency service providers, retailers and energy supply companies which offer these services to their customers alongside other home energy efficiency improvement measures.

Location: UK
Sector: Software and data services
Acquired date: 2009
Status: Current
Website: www.passivsystems.com

Alpina Partners is a world class VC and we have established a very strong partnership. They have done an outstanding job in delivering both commercial and political opportunities in recent years for PassivSystems and we look forward to moving on to the next stage of expansion with their support.

Colin Calder, Founder and CEO of PassivSystems Ltd.
  • Country: Sweden
  • Sector: Industrial processes and applications
  • Status: Exited
  • Year invested: 2009

Market leading, environmentally friendly packaging specialist

Petainer is the largest manufacturer of refillable PET bottles for the German market and dominates the Scandinavian PET bottle market. The business has an established customer base of global beverage brands, many of which have been customers for over 15 years. Petainer is well regarded in the market for its new product development capabilities and is renowned for its innovative approach to reducing the environmental impact of beverage distribution. In particular it has pioneered the use of recycled PET and has developed market-leading large PET container solutions. The Company’s innovative new PET alternative to the steel beer keg significantly reduces the environmental impact of keg distribution and offers breweries significant cost savings. Petainer successfully entered the East European including Russian markets as well as the US and UK markets during Alpina Partners’ period of ownership.

Location: Sweden
Sector: Industrial processes and applications
Acquired date: 2009
Status: Exited
Website: www.petainerkeg.com

Alpina Parners played a integral role in the Petainer story, from the original structuring and execution of the management buy-in transaction to the enhancement of my executive management team and consistently value-adding strategic support. In particular, they have leveraged their impressive network to provide valuable leads and introductions as well as contributing in our bolt-on acquisition.

Nigel Pritchard, CEO of Petainer Ltd.
  • Country: Germany
  • Sector: Advanced materials and chemicals
  • Status: Current
  • Year invested: 2011

Novel, eco-friendly wood substitute material

Resysta, based in Taufkirchen, Germany, has developed a novel eco-friendly wood substitute material which can replace tropical hardwoods, a finite, non-sustainable resource increasingly coming under the scrutiny of legislation and activists worldwide.

Resysta feels and looks like tropical wood but is resistant to humidity, mould and mildew, does not splinter, is slip-resistant, adhesive to varnishes, colours and oils, can be glued and is more flame retardant than wood.

Location: Germany
Sector: Advanced materials and chemicals
Acquired date: 2011
Status: Current
Website: www.resysta.com

We are delighted that we have found Alpina Partners. As an active and experienced partner they have not only provided their capital and network for our expansion strategy but fully appreciate the sustainability and environmental friendliness of our product. The support of Alpina Partners will allow us to internationalize our business while making a contribution to the protection of our environment.

Bernd Duna, CEO of Resysta International GmbH
  • Country: Germany
  • Sector: Mechanical engineering
  • Status: Current
  • Year invested: 2010

Highly efficient electric outboard motors for the marine market

Torqeedo GmbH, established in 2005 and headquartered in Gliching, near Munich in Germany, develops, designs and manufactures the world’s most efficient electric outboard motors. The motors are clean, lightweight, and quiet, yet very powerful. They are consistently rated as a “top buy” by industry analysts due to their performance, superior drive train technology and advanced electronics. These include accurate range displays, state of the art propellers and highly efficient battery cells.

Location: Germany
Sector: Mechanical engineering
Acquired date: 2010
Status: Current
Website: www.torqeedo.com

Alpina Partners’ expertise in building companies internationally has so far been invaluable to Torqeedo. As we ramp up sales and enter new market segments with new products over the next few years, we will certainly rely on their support and experience.

Dr Christoph Ballin, CEO of Torqeedo GmbH
  • Country: Germany
  • Sector: Advanced materials and chemicals
  • Status: Current
  • Year invested: 2014

HIGH-PERFORMANCE CARBON FIBER BASED COMPONENTS

UBC GmbH, located near Stuttgart, Germany, is a profitable developer and manufacturer of high-end lightweight components made of carbon fibre composite materials.

The company provides its services to blue chip customers in the automotive, aerospace and medical industries across the entire value chain of light-weighting with carbon fibre solutions.

Alpina Partners is supporting UBC in further accelerating its growth and helping it to address new markets and new geographies.

Location: Germany
Sector: Advanced materials and chemicals
Acquired date: 2014
Status: Current
Website: www.ubc-gmbh.com

We are delighted to be working with Alpina Partners. Their experienced team has a deep sector knowledge and a track record in helping European companies expand beyond their home markets. We are confident that our partnership will be a success.

Ulf Bräutigam, Founder of UBC GmbH
  • Country: Germany
  • Sector: Electronics
  • Status: Exited
  • Year invested: 2010

Energy saving LCD display technology

Based in Germany, VIA Optronics GmbH supplies energy saving LCD displays for products such as handheld devices, laptops, televisions and industrial devices.

The Company’s products use less energy and extend the lifetime of devices and reduce electronic waste. The customer benefits from higher contrast, reflection free viewing and much better mechanical stability. In addition, VIA’s optical bonding process inhibits condensation or particles in between LCD and cover lens or touch screens. Portable devices benefit from improved readability in any light conditions and an extended battery life.

Alpina Partners bought out BayBG’s ownership in May 2015 since when it has been the majority owner of VIA Optronics.

Location: Germany
Sector: Electronics
Acquired date: 2010
Status: Exited
Website: www.via-optronics.com

We were delighted to have Alpina Partners join us as an active investor. Since we have worked together they have been instrumental in helping us grow VIA Optronics and expand our global operations significantly. Working with Alpina has been a key component of our success.

Jürgen Eichner, CEO and Founder of VIA Optronics GmbH

Team

Joerg Sperling
Managing Partner
Joerg Sperling
Managing Partner

Joerg or “George” leads the firm and is responsible for Alpina Partners’ overall operation.

Before joining Alpina Partners, Jörg was a venture partner with Munich based private equity firm, Target Partners, and prior to that a partner at the US-based power and energy fund manager, Ridgewood Capital. Previously he ran the Silicon Valley office for Infineon Ventures.

Jörg has worked for a number of semiconductor companies in Europe and the US, most recently as Global VP Sales for Dresden-based ZMD. His track record includes 28 investments and successful exits via NASDAQ IPOs and LSE listings, in addition to numerous trade sales.

Jörg has a masters in Electrical Engineering from RWTH Aachen. He worked as a researcher in the field of semiconductors at the Technion in Israel and at AT&T Bell Laboratories in the USA.

Portfolio Companies: friedolaTECH, Hoffmeister Leuchten, Mcor Technologies, Resysta

James McNaught-Davis
Partner
James McNaught-Davis
Partner

James was WHEB Partners’ Managing Partner from 2007 until 2015 when he became a Partner of Alpina Partners. He is a voting member of the firm’s Investment Committee.

James is chairman of Green Energy Geothermal Ltd and a board director of PassivSystems Ltd and Enterprise Solutions Holdings Ltd whose subsidiaries are Aimteq and WEMS.

James has over two decades of private equity investment experience, primarily in technology growth capital. This includes five years as a General Partner at Advent (2001-06) and five years at Warburg Pincus (1996-2001) where he became a Partner and Managing Director in 1999.
Prior to moving into private equity, James worked in the information technology sector as a senior executive at Misys Plc where he was responsible for M&A. Before Misys Plc, James spent most of the 1980s as an investment banker with Merrill Lynch and Schroders.

James has an MBA from the Wharton School, University of Pennsylvania, and an MA (Hons) from the University of Cambridge.

Portfolio Companies: Green Energy Geothermal, PassivSystems, Enterprise Solutions Holdings (ESH which owns Aimteq and WEMS)

Dr. Florian Strehle
Partner
Dr. Florian Strehle
Partner

Prior to Alpina Partners Florian was a member of the management board at AUCTUS Capital Partners, a leading private equity fund manager in German-speaking Europe. He joined AUCTUS from 3i where he was a member of the firm’s European technology investment team. Florian started his career as a management consultant at McKinsey & Company.

Florian currently serves on the board of directors of Dolan GmbH, European Carbon Fiber GmbH, Oxaion GmbH and UBC GmbH.

Florian has a master’s degree in mechanical engineering from Technische Universität München in Germany and a Ph.D. from Leiden University in the Netherlands.

Portfolio Companies: Dolan, European Carbon Fiber, Oxaion, UBC

Markus Förder
CFO
Markus Förder
CFO

Markus joined Alpina Partners’ in July 2015 as CFO.

Prior to this, Markus had over 5 years’ private equity experience at HeidelbergCapital, a German private equity fund manager, where he was Director Finance. He was responsible for Finance, Fund Administration, Investor Relations and IT, he was also part of the deal team in charge of deal origination, transactions and fund raising.

Before working at HeidelbergCapital, Markus has been working several years as a consultant and auditor at the Corporate Finance and Audit Department of BDO and KPMG on numerous M&A, due diligence, valuation and international accounting projects related to mid and large cap transactions.

Markus holds a Master’s Degree in Business Administration from the University of Mannheim, Germany.

Lisa Shaw-Taylor
Financial Officer
Lisa Shaw-Taylor
Financial Officer

Lisa joined Alpina Partners’ in September 2015.

She previously worked for Global Infrastructure Partners where she was responsible for the financial control of their International Port Holdings.

Lisa is a qualified Chartered Accountant having completed her training at KPMG and holds a Honours degree in Accounting from the University of Witwatersrand.

Eike-Christian Frerichs
Senior Associate
Eike-Christian Frerichs
Senior Associate

Eike-Christian has joined Alpina Partners’ in 2015 and has more than five years investment banking experience. He worked both in UniCredit’s M&A department as well as in its corporate structured- and acquisition finance team in Munich and New York. He worked on numerous M&A and debt finance transactions for mid- and large cap companies often in cross-border situations. Previously, he worked for DZ Bank Ireland in its debt capital markets team (ABS) and interned at Union Investment. He is certified banker by the German chamber of commerce and industry (IHK).

Eike-Christian holds a Master’s degree in Accounting & Finance from the University of Bath – School of Management (UK) and a Bachelor’s degree in Business Administration & Economics from the University of Passau (DE). During his undergraduate studies he spent one year abroad at the Lund University – School of Economics and Management (SE).

Christian Thielemann
Associate
Christian Thielemann
Associate

Before joining Alpina Partners Christian has worked two years, most recently as Associate for Avedon Capital Partners, a growth capital investor for medium-sized growth companies.

Prior to his time at Avedon, Christian gained relevant Private Equity and M&A experience amongst others at VR Equitypartner or the Alternative Investment team of HSBC. In addition, Christian has early on gathered entrepreneurial experience through an e-commerce start up in his schooldays.

Christian holds a master degree in General Management from the University Witten-Herdecke with studies abroad at the London School of Economics. He recently graduated from the Private Equity programme of the TUM School of Management.

Private Equity Special Advisors

Professor Geoff Randall OBE

Geoff is a non-executive director of two Alpina Partners’ investee companies and a member of our Advisory Board. He has 38 years’ experience at ICI, Zeneca & Astra Zeneca, where his final position was Director of Global EHS and Environmental Science and Technology Operations. Geoff has a PhD in Chemistry from University College London.

Ken Briddon

Ken has 10 years’ experience of chairmanships and non-executive directorships of private equity backed software and services businesses. He spent three years as CEO of JBA Holdings PLC and eight years as Divisional Managing Director at Misys PLC. Ken previously worked for Cypher Business Systems and Ericsson Information Systems.

Dr. Jan Verdenhalven

As Doctor of Biochemistry, Jan Verdenhalven has more than 25 years of experience in various senior management positions at internationally active chemical companies. His career began in 1985 as laboratory manager at Hoechst AG. In 1990 he moved to Management Consultant at McKinsey Company and returned in 1992 as Project Manager, Strategic Planning, and later Area Controller, Fine Chemicals, to Hoechst AG.

From 1995 to 2000, as member of the board of DyStar GmbH Co. KG, he was responsible for the global business area of dispersion color materials. Between March 2000 and March 2011 he worked at the SGL Group, initially as Manager of Corporate Controlling and Business Development, and since 2001 as Chairman of the global business area Carbon Fiber Composites.

Mike Wynne

Mike has worked with Alpina Partners’ since 2011 when he became Chairman of AMCS Group, a Growth Fund 1 portfolio company. He is also the CEO of KHME Limited, non-executive director of One 51 plc and member of the operational board / CEO of the recycling division of NTR plc. Prior to this he gained automotive industry experience with Godfrey Davis plc, where he was Chairman of their motor division. He also held senior management positions in the waste management industry with Waste Management International and Greenstar Group.

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