09.12.2012

Odewald buys into Scholpp

German private equity firm Odewald & Compagnie which recently bailed out of German platform rental company Mateco by selling it to TVH, has acquired a stake in Stuttgart based Scholpp.

While covering the TVH/Mateco takeover we discovered that the firm had quietly bought a 49 percent holding in the German crane and rigging company earlier this year.

Scholpp employs over 1,000 staff, with 16 locations in Germany, and three overseas 2011 revenues were more than €100 million. Wolfgang Mueller and Martin Scholpp retain the majority 51 percent stake and continue to lead the company