IK Investment Partners has reached an agreement to acquire a majority stake in ALBA Baving Group. During the transaction process h&z Management Consulting advised on the commercial due diligence.
ALBA Baving, headquartered in Neuenkirchen, Nordrhein-Westfalen, was founded in 1964 and has developed into one of Germany’s largest service providers for municipal infrastructure services. The Company provides street sweeping, sink box cleaning, road and highway maintenance and other infrastructure services as well as winter and greenspace maintenance and swept material recycling services.
Nils Pohlmann, Partner at IK Investment Partners and advisor to the IK SC II Fund, said: “ALBA represents more than 50 years of cleaning services for communities across Germany. We are impressed by its sustainable and successful development, its professional set-up and operational and digitalised processes. ALBA is an attractive platform investment for IK, and we look forward to actively supporting the management team and shareholders to further grow the Company.”
h&z Management Consulting supported IK Investment Partners with a team from the fields of management consulting and business intelligence. The advice included commercial due diligence.
Team h&z Management Consulting: Dr. Markus Contzen (Project Partner Private Equity) and Sascha Tagliaferri (Project Manager).