New Owner at Mateco
Odewald & Compagnie a Berlin based private equity company has acquired a majority stake in Mateco Germany’s second largest powered access rental company, from Hans Peter Kauderer the founder and previous owner.
Mateco currently runs around 2,500 units in Germany, Luxembourg, Poland and Greece and plans to expand its operations with the support from its new owners. Most likely areas for expansion will be Poland and other Central European markets such as the Czech Republic and Slovakia.
Hans Peter Kauderer who will remain with the business said that “in Odewald & Compagnie we have found a very experienced new partner which will help up develop our successful business.”
Prof.Dr Ernst-Moritz Lipp, a Partner of Odewald & Compagnie said: “Mateco AG has an excellent position in the market place in terms of quality and customer acceptance.
Odewald & Compagnie is a small venture funder with around €500 million of capital invested. It has a widely diversified portfolio and likes companies with strong management that has a significant stake in the business.
It typically invests between €20 and €60 million per deal in companies with revenues in the region of €50 to €500 million.
Mateco has revenues in the region of €45 million. No details of the transaction have been disclosed.