Founded in 1960 and headquartered in Straubing, Bavaria, Loibl is one of the leading German suppliers of customized material handling solutions for bulk materials of all kinds, with expertise in the energy sector. Capmont’s special situations team at Capmont Opportunities acquired 100% of Loibl in a carve-out from US-based Babcock & Wilcox Enterprises, Inc. in June 2019.
Munich-based Martin GmbH für Umwelt- und Energietechnik (Martin Group) is one of the world’s leading suppliers of plants for the thermal treatment of waste. Martin Group is a strategic buyer and poised to be an excellent new owner of Loibl. The closing of the transaction took place on May 5, 2023.
“Since the acquisition, our operating team in close cooperation with Loibl’s management was instrumental in significantly enhancing Loibl’s business, which today delivers outstanding operational performance,” states Henrik Munte, Managing Director at Capmont Opportunities. “We brought in several new C-level managers and immediately after the closing focused on improving processes and handling, thereby laying the foundation for a rapid scaling of the business under our leadership.”
As a result of these and other measures, sales nearly doubled, and EBITDA increased by a factor of 2.5 thereby also substantially outperforming the original investment case. Furthermore, the overall number of employees at Loibl grew and the team of highly qualified engineering specialists was built out.
“Under the leadership of Capmont, Loibl has made a remarkable development building out its position as an important player in the industry. They have invested markedly in creating new jobs and training opportunities for young talent in apprenticeship positions,” says Ulrich Martin, CEO of Martin Gruppe. “The whole team succeeded in broadening the client base and diversifying its product portfolio, achieving significant success in all business fields.”
This transaction reflects a highly successful exit for Capmont’s special situations strategy and has generated attractive superior financial returns for its investors.
Loibl Förderanlagen GmbH is a leading global supplier and manufacturer of customized transport solutions for bulk materials, from individual components to complex systems. At the Straubing site, 120 km north-east of Munich, more than 140 employees plan, develop and produce state-of-the-art conveying systems and special machines. International customers include users from the energy generation and residue recycling industries as well as various sectors of the food and raw materials industries. For more than 60 years, Loibl has stood for quality, reliability and safety as a first-class partner in technically demanding plant engineering.
MARTIN GmbH was founded in Munich in 1925 by Josef Martin, who invented the reverse-acting grate process. Nearly one hundred years later, it is managed by the family’s fourth generation. The company is one of the global leaders offering waste combustion systems and as an experienced machine and plant manufacturer has wide-ranging expertise on all services required for planning, constructing and operating such plants.
Capmont GmbH (Capmont) is a privately held alternative asset manager with more than €4.0 billion in assets under management. As an independent company, it focuses on four investment strategies: Value, Technology, Real Estate and Special Situations. Capmont Opportunities is Capmont's special situations strategy. The team invests primarily in special situations - in the broadest sense of the word - in medium-sized companies that show substantial potential for revenue and earnings improvement. As an active hands-on investor with its own operations team on site at the portfolio companies, Capmont Opportunities supports them not only with capital but also with operating and strategic expertise to achieve sustainable and profitable growth. The focus is on the DACH region (Germany, Austria, Switzerland) and surrounding European countries.