News

November 9, 2017

Dolan Holding GmbH, a company owned by funds managed by Alpina Partners (“Alpina”) and Dr. Jan Verdenhalven sold European Carbon Fiber GmbH (“ECF”), a German producer of high-quality “precursor” for…

November 9, 2017

Dolan Holding GmbH, a company owned by funds managed by Alpina Partners (“Alpina”) and Dr. Jan Verdenhalven sold European Carbon Fiber GmbH (“ECF”), a German producer of high-quality “precursor” for large-tow (50K) polyacrylonitrile-based (PAN-based) carbon fibers, to Solvay. The parties agreed that the terms of the transaction will not be disclosed.

In April 2015, Alpina and Dr. Jan Verdenhalven acquired ECF from Lenzing Group via a holding company together with Dolan GmbH (“Dolan”), a leading producer of spun-dyed acrylic fibers. Dolan is not part of the transaction.

“We were looking for a strong new owner for ECF and truly believe that Solvay is the right partner to further develop the business in the future”, comments Dr. Florian Strehle, a Partner with Alpina.

“It is important for ECF that Solvay is a long-standing world leader with tremendous industrial experience in the carbon fiber and composite business. The company now has very promising growth perspectives,” adds Dr. Jan Verdenhalven, Managing Director and Co-Owner of Dolan Holding GmbH.

Alpina is an owner-managed, independent investment firm with approximately EUR 300 million in assets under management. The firm focuses on small and mid-sized businesses in Europe with strong technical USPs. Alpina supports entrepreneurs and management teams to implement its growth strategies. Alpina is supported by the European Union through the "Competitiveness and Innovation Framework Programme" (CIP).

Dr. Jan Verdenhalven is a private investor with several years of investing and management experience in the chemical and carbon fiber industry.

October 23, 2017

As part of a dedicated build-and-build strategy, funds managed by Alpina Partners ("Alpina") invested in Syncos GmbH ("SYNCOS"). SYNCOS was founded in 2014 as a spin-off from innotec Systemtechnik GmbH…

October 23, 2017

As part of a dedicated build-and-build strategy, funds managed by Alpina Partners ("Alpina") invested in Syncos GmbH ("SYNCOS").

SYNCOS was founded in 2014 as a spin-off from innotec Systemtechnik GmbH (“innotec Systemtechnik”). The company offers its “Mittelstand” customers in the manufacturing sector holistic MES solutions (Manufacturing Execution Systems). The software covers production and machine data acquisition (“PDA” / ”MDA”), advanced planning and scheduling (”APS”), track-and-trace as well as computer-aided quality assurance (”CAQ”). The current version of the software combines production and quality management in a highly integrated, modular system.
Alpina invested in SYNCOS via a holding company, which already holds shares in ERP companies oxaion GmbH and cimdata Software GmbH. Hence, SYNCOS will become part of a larger group, which offers enterprise software for “Mittelstand” manufacturing businesses. SYNCOS has been one of the leading project-oriented MES solution providers. The functionality offered by SYNCOS ideally complement the existing ERP solutions. Thus, the group is able to provide customers with a much broader set of modules compared to traditional ERP providers for manufacturing businesses. In addition to organic growth, the group intends to engage in further strategic add-on acquisitions.
Stephan Rohleder, founder of innotec Systemtechnik and SYNCOS explained "The decision for the right partner for SYNCOS was not an easy one. In the end, we decided to go with Alpina since we are convinced that the existing group is a good home for SYNCOS’ further development – several independent software companies with the same customer focus but complementary products all targeting the production space".
Volker Schinkel, Group CEO and Managing Director of oxaion GmbH commented "SYNCOS is the perfect addition to the existing ERP product portfolio focusing on manufacturing companies. In the context of an increase in digitalisation and automation, the link between ERP and the shop floor is becoming more and more important. “Industrie 4.0” means a shift in planning down to the level of individual machines. With SYNCOS, our group is able to offer a broad range of functions which add, especially in combination with our ERP systems, real value for medium-sized production companies".

Dr. Florian Strehle, Partner at Alpina said "From the very beginning, Alpina's consolidation strategy has focused on software products for the manufacturing midmarket. This does not only include the ERP layer, but also the shop floor. SYNCOS enables the group to provide the customer with as much functionality as possible in order to meet the requirements of a modern production system".
Alpina is an owner-managed, independent investment firm with approximately EUR 300 million in assets under management. The firm focuses on small and mid-sized businesses in Europe with strong technical USPs. Alpina supports entrepreneurs and management teams to implement its growth strategies. Alpina is supported by the European Union through the "Competitiveness and Innovation Framework Program" (CIP). EU CIP Logo

The transaction was led on behalf of Alpina by Dr. Florian Strehle and Markus Helmle.

July 13, 2017

Funds managed by Alpina Partners ("ALPINA") invested in New Solutions GmbH ("NEW SOLUTIONS"). The company headquartered in Burghausen, Bavaria is a leading provider of software solutions for the digitalization of…

July 13, 2017

Funds managed by Alpina Partners ("ALPINA") invested in New Solutions GmbH ("NEW SOLUTIONS"). The company headquartered in Burghausen, Bavaria is a leading provider of software solutions for the digitalization of business processes on the shop floor. The founder Christian Ehrenschwendtner will stay on board as a managing director and shareholder.

Since its foundation in 1999, NEW SOLUTIONS has developed into one of the leading providers of software solutions for the digitalization of production-related processes involving employees, production equipment as well as external partners. With the digital shift book "FINITO", the company offers a modular, web-based solution. In addition, NEW SOLUTIONS provides "CHECKWARE", a solution for electronic checklists. The product portfolio also comprises "SYNOSET", a software for the management of technical assets for medium-sized companies as well as large corporations. Further, NEW SOLUTIONS provides maintenance and individual consulting services. Longstanding customers include leading companies from various industries (e.g. Evonik, OMV, Wacker Chemie), but also small- and medium-sized enterprises.

In the context of "Industrie 4.0", ALPINA's investment is another step to build a larger group in the shopfloor IT space differentiated by sustainable growth and innovation. The product and service portfolio will be expanded continuously. In addition to organic growth, the group intends to realize selected add-on acquisitions ("buy and build"). In December 2016, ALPINA invested in GEFASOFT, a leading provider of MES solutions (“Manufacturing Execution Systems”) followed by the carve-out of the quality management software division from ASI DATAMYTE, a leading provider of CAQ solutions ("Computer Aided Quality Assurance") in June 2017.

"We are pleased to be able to strengthen our position in the software market with an experienced partner such as ALPINA. By expanding the software portfolio, we have the opportunity to offer our customers even more comprehensive solutions and services.”, explains Christian Ehrenschwendtner of NEW SOLUTIONS.

"The innovative software solutions provided by NEW SOLUTIONS ideally complement the product offering of Alpina’s current portfolio companies in the area of shopfloor IT. We are very happy that Christian Ehrenschwendtner, a true entrepreneur, shares our vision. The add-on acquisition constitutes another important milestone for the expansion of the group in the context of a dedicated buy-and-build strategy", says Dr Florian Strehle, a Partner at ALPINA.

ALPINA is an owner-managed, independent investment firm with approximately EUR 300 million in assets under management. The firm focuses on small and mid-sized businesses in Europe with strong technical USPs. ALPINA supports entrepreneurs and management teams to implement its growth strategies. ALPINA is supported by the European Union through the "Competitiveness and Innovation Framework Program" (CIP). EU CIP Logo

The transaction was led on behalf of ALPINA by Dr. Florian Strehle and Christian Thielemann.

ALPINA was advised by AFR Aigner Fischer and AC Christes & Partner.

July 10, 2017

In the course of the carve-out of the American parent company, technology investment firm Alpina Partners ("ALPINA") acquired the quality management software division from ASI DATAMYTE. The existing management team…

July 10, 2017

In the course of the carve-out of the American parent company, technology investment firm Alpina Partners ("ALPINA") acquired the quality management software division from ASI DATAMYTE. The existing management team around the managing director Sven Tetzlaff will remain with the company. The international software company will operate under the name QDA SOLUTIONS in the future.

Since its foundation in 1987, ASI DATAMYTE has developed into one of the leading providers of software solutions in the area of CAQ ("Computer Aided Quality Assurance"). With the current quality data analysis QDA software suite, the company offers a fully integrated quality management solution, which enables every user to record and to analyse critical quality data in an action-oriented manner for the sustainable optimization of production processes. According to the company slogan “making data actionable", all users from production to the top management receive the necessary transparency to make the right decisions for the sustainable company success. Thanks to the modular software architecture, the software solution can be flexibly adapted to the individual requirements of every company. The product portfolio also contains maintenance and individual consulting services. Longstanding customers include leading companies from various industries such as automotive, customer goods, and energy, but also small- and medium-sized enterprises.

In the context of "Industrie 4.0", ALPINA's investment is the next step to build a larger group in the Manufacturing Execution Systems ("MES") sector differentiated by sustainable growth and innovation. The product and service portfolio is intended to be expanded continuously. In addition to the envisaged organic growth, the group intends to grow by means of add-on acquisitions ("buy and build"). The foundation was laid in January 2017 through the acquisition of GEFASOFT GmbH, a leading provider of MES solutions.

"We are very excited to have such a strong partner as ALPINA on our side. With their additional strengths, we will be able to expand our many years of expertise to our customers, meeting the needs of the 21st century with a broader product portfolio” said Sven Tetzlaff, Managing Director of the new QDA SOLUTIONS.

Dr Florian Strehle, Partner at ALPINA, comments on the latest addition to the investment firm's portfolio: "Today, the CAQ area is an elementary part of any industrial production process. QDA SOLUTIONS is a pioneer in this field and the leading player with an international customer base. The acquisition will extend the portfolio of ALPINA in the area of MES by an essential building block."

ALPINA is an owner-managed, independent investment firm with approximately EUR 300 million in assets under management. The firm focuses on small and mid-sized businesses in Europe with strong technical USPs. ALPINA supports entrepreneurs and management teams to implement its growth strategies. ALPINA is supported by the European Union through the "Competitiveness and Innovation Framework Program" (CIP). EU CIP Logo

The transaction was led on behalf of ALPINA by Dr. Florian Strehle and Christian Thielemann.

ALPINA was advised by AFR Aigner Fischer, AC Christes & Partner and Gray Plant Mooty.

Raymond James acted as corporate finance advisor to ASI DATAMYTE with Winthrop & Weinstine providing legal advice.

June 30, 2017

A SIGNIFICANT shareholding in one of the world’s leading Virtual Reality (VR) companies, Virtalis, has been acquired by funds managed by Alpina Partners (ALPINA). ALPINA is an owner-managed, independent investment…

June 30, 2017

A SIGNIFICANT shareholding in one of the world’s leading Virtual Reality (VR) companies, Virtalis, has been acquired by funds managed by Alpina Partners (ALPINA). ALPINA is an owner-managed, independent investment firm with approximately €300 million in assets under management.

Dr Florian Strehle, a partner at ALPINA, commented on the latest addition to the investment firm’s portfolio: “We are excited to be supporting the next phase of Virtalis’ worldwide growth strategy. Virtalis has launched innovative software like Visionary Render, VR4CAD and GeoVisionary in recent years, to work with its well-known ActiveWorks VR display systems, and this is where we see the growth potential. We will work with the Virtalis management team to further develop the Company as a leading player in the global enterprise VR software market by leveraging our network and expertise.”

Founders, David Cockburn-Price and Andrew Connell, will remain as directors and are each retaining a stake in the business to participate in the future success of Virtalis. Steve Carpenter and Glyn Read will also remain as directors and the board will be joined by Christian von Stengel, a senior software sales executive. Virtalis is headquartered in the UK, with offices in US, Germany, Finland and Malaysia, as well as partners and resellers worldwide.

MD David Cockburn-Price explained: “ALPINA is an experienced growth investor which will help us to ensure the sustainable development of Virtalis, especially with reference to our direct and indirect sales channels. We will become part of a larger group of innovative software businesses within ALPINA’s investment portfolio, exploiting synergies on many different levels.”

Technical director, Andrew Connell, said: “My entire career has been spent nurturing Virtalis and its predecessor entities as the fledgling field of VR has moved from research demonstrator programmes within Universities to the compelling real-world, commercial toolkit it is today. Back in the 90s, many commentators said VR was dead – it has been gratifying to prove them wrong as Virtalis has brought VR solutions to industries as diverse as Engineering, Security, Academia, Asset Management and GeoScience. With the help of ALPINA, we aim to rapidly develop our technology to reach a larger global user base.”

Bank funding was arranged by Phil Mason of Santander’s Growth Capital team in Manchester. Relationship Director, Ian Henry, said: “Santander is delighted to be able to support ALPINA and Virtalis. This marks the start of a particularly exciting stage of the company’s development and one where we’re very much looking forward to being involved.”

LGB Corporate Finance advised Virtalis during the structuring of the deal with ALPINA with BBS Law providing contractual legal advice. ALPINA was assisted by MJ Hudson, AC CHRISTES & PARTNER and Smith & Williamson. Gunnercooke advised Santander.

ALPINA’s portfolio is centred on small and mid-sized businesses in Europe with strong technical USPs and is supported by the European Union through the Competitiveness and Innovation Framework Program (CIP). EU CIP Logo

January 12, 2017

In the course of a succession plan, technology investment firm Alpina Partners (“ALPINA”) acquired a significant stake in GEFASOFT GmbH (“GEFASOFT”), a leading provider of MES-solutions (Manufacturing Execution Systems) and…

January 12, 2017

In the course of a succession plan, technology investment firm Alpina Partners (“ALPINA”) acquired a significant stake in GEFASOFT GmbH (“GEFASOFT”), a leading provider of MES-solutions (Manufacturing Execution Systems) and process visualization software. The three founders Franz Fuchs, Heinz Rabe and Ortwin Tischler will stay on board as managing directors.

GEFASOFT was founded in 1984 and developed into a leading provider of shop floor IT solutions. With its object-oriented process visualization “GraphPic” and its scalable cloud-based software “Legato Sapient” the company offers innovative MES-solutions for different industries. Customers include leading automotive OEMs as well as businesses in the pharmaceutical, food and renewable energy sector.

In the context of “Industry 4.0”, ALPINA’s investment constitutes the basis to build a larger group in the MES sector differentiated by sustainable growth and innovation. The product and service portfolio is intended to be expanded continuously. In addition to the envisaged organic growth, the group intends to grow by means of add-on acquisitions (“buy and build”).

“We consider the ALPINA team as a very professional partner providing technology expertise as well as a strong network for realizing our future strategic plans”, comments Franz Fuchs, Founder and Managing Director of GEFASOFT.

Dr Florian Strehle, Partner at ALPINA, comments on the latest addition to the investment firm’s portfolio: “We are excited to support GEFASOFT on its growth path. The demand for scalable and innovative MES solutions is expected to grow in light of a continuous trend towards automation and interconnectivity. We were impressed by the management team’s market knowledge and technological expertise.”

ALPINA is an owner-managed, independent investment firm with approximately € 300 million in assets under management. The firm focuses on small and mid-sized businesses in Europe with strong technical USPs. ALPINA supports entrepreneurs and management teams to implement its growth strategies. ALPINA is supported by the European Union through the Competitiveness and Innovation Framework Program (CIP). EU CIP Logo

The transaction was led on behalf of ALPINA by Dr. Florian Strehle and Christian Thielemann.

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…

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) EU CIP Logo.

February 2, 2016

WHEB Partners has successfully raised €140 million for its latest fund and has already invested in five companies from it. “We are proud to announce that in addition to our…

February 2, 2016

WHEB Partners has successfully raised €140 million for its latest fund and has already invested in five
companies from it.

“We are proud to announce that in addition to our existing anchor investors, the
European Investment Fund, British Business Bank, Hermes GPE and investors managed by
RobecoSAM, we were able to welcome prestigious new investors including Access Capital, Akina, BMO
Global Asset Management, M&G Private Funds Investment and SWEN” said Joerg Sperling, a Partner
based in the Munich office.
Furthermore, the former private equity division of the WHEB Group has bought out the latter’s
ownership and is now an independent, owner-managed investment management firm. Following this
buyout, WHEB Partners has renamed itself Alpina Partners (“Alpina”). Alpina will continue to manage
all WHEB Partners’ private equity funds.
Alpina will continue with its successful strategy of investing in growth capital and lower mid-market
buyout deals in its target sectors of software, electronics, materials, industrial processes and
mechanical engineering. The manager will continue to focus on companies with strong environmental,
social and governance (“ESG”) credentials. ”Companies providing a solution to the environmental
challenges the world faces today will continue to outperform and generate superior investment
returns”, said James McNaught-Davis, a Partner based in the London office.

Meanwhile, the WHEB Group will continue to trade under the “WHEB” brand and its remaining
businesses are not affected by the management buyout of the private equity business.

Alpina Partners’ new fund is supported by the European Union through the Competitiveness and
Innovation Framework Programme (CIP) and by British Business Bank.EU CIP Logo

Contact: Joerg Sperling, joerg@alpinapartners.com, +49 173 5950938

April 15, 2015

WHEB Partners became Alpina Partners in January 2016. WHEB Partners and Dr. Jan Verdenhalven acquire 100% of the shares of Dolan GmbH (“Dolan”), Kelheim from Lenzing AG and 100% of the…

April 15, 2015

WHEB Partners became Alpina Partners in January 2016.

WHEB Partners and Dr. Jan Verdenhalven acquire 100% of the shares of Dolan GmbH (“Dolan”), Kelheim from Lenzing AG and 100% of the shares of European Carbon Fiber GmbH (“ECF”), Kelheim from Lenzing AG and Kelheim Fibers GmbH. Dolan and ECF share production facilities in Kelheim and an experienced management team.

“The sale comprises part of Lenzing’s strategy to focus on its core business of man-made cellulose fibers. With WHEB Partners and Dr. Jan Verdenhalven, Lenzing succeeded in finding financially strong, industry-oriented new owners in which both companies will be able to develop more effectively in the future than up until now”, comments Lenzing’s Chief Financial Officer Dr. Thomas Riegler. “Moreover, it is important for ECF that WHEB Partners and Dr. Jan Verdenhalven already have longstanding industrial experience in the carbon fiber business. The company now has interesting growth perspectives once again through a potential cooperation with other companies in WHEB Partner’s strategic investment portfolio.”

“We are delighted to welcome Dolan and ECF as new portfolio companies in our growth fund. Dolan is a world leader in high-end textile acrylic fibers. We look forward to supporting the management team and their successful strategy through our sector expertise and international network,” says Dr. Florian Strehle, Partner at WHEB Partners.

Dr. Jan Verdenhalven comments: “ECF has successfully developed and marketed an excellent carbon fiber precursor for standard industrial applications. We will support management in leveraging the potential of that product and further upgrade it for high-end applications, ensuring a sustainable growth for ECF”

Dolan produces high quality specialty fibers used for textiles, convertible car tops, sunshades, garden furniture and protective clothing. It has approx. 100 employees. Dolan’s 2014 revenue was €57.5 million. ECF produces precursor for the carbon fiber industry. Its 2014 revenue was €10.4 million.

WHEB Partners (www.alpinapartners.com) is a European private equity firm. Its funds invest in technology companies with high growth potential and strong ESG credentials. WHEB Partners’ new Fund is supported by the European Union through the Competitiveness and Innovation Framework Programme (CIP).EU CIP Logo

Dr. Jan Verdenhalven is a private investor with several years of investing and management experience in the chemical and carbon fiber industry.

February 17, 2014

WHEB Partners became Alpina Partners in January 2016. WHEB Partners' new private equity fund, has completed its first investment by taking a significant stake in UBC GmbH, located near Stuttgart,…

February 17, 2014

WHEB Partners became Alpina Partners in January 2016.

WHEB Partners' new private equity fund, has completed its first investment by taking a significant stake in UBC GmbH, located near Stuttgart, Germany. UBC 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. WHEB Partners' will support UBC in further accelerating its growth and helping it to address new markets and new geographies.

ALPINA is supported by the European Union through the Competitiveness and Innovation Framework Program (CIP).EU CIP Logo