ELF Capital (“ELF”) supports the buyout of Oppermann & Fuss (“O&F”) by Bencis by providing an attractive and flexible financing package. In addition to the buy-out financing, ELF has also provided an acquisition facility to enable the further growth and extend the reach of the business via add-on acquisitions.
O&F is a leading one-stop-shop distributor of mobile crushers & screeners for recycling of aggregates from construction and demolition activities. Headquartered in Quickborn, O&F was originally founded in 1977 as a sales partner and developed into a regional champion over the last 40 years. The company currently employs c. 50 people and serves a highly diversified and loyal customer base.
ELF Founding Partner Christian Fritsch said: “Oppermann & Fuss is a leading player in its field, driven by extensive product knowledge and close collaboration with suppliers and customers. We believe that Bencis is the perfect partner not only to uphold the company’s strong position but to lift the business to the next growth stage together with founder and CEO Peter Oppermann.”
Bencis Founding Partner Zoran van Gessel commented: “We were very much impressed by the speed and flexibility of ELF Capital in committing the comprehensive financing package. The additional committed capex and acquisition financing line will be very important in expanding the business further. We appreciate ELF’s long term partnership approach as well as the deep knowledge of the needs and specifics of a traditional Mittelstand company.”
About Oppermann & Fuss
O&F specialises in mission-critical recycling machinery and customers from all over Germany rely on over 44 years of experience in selling, renting and servicing mobile machines. The close network of leading manufacturers along with a holistic end-to-end service, ensures maximum availability of high-quality machinery and a strong market reputation.
A field service team with highly qualified technicians and fitters provides perfect care for machines with rapid response times and swift availability of consumables and spare parts from the large central warehouse in Quickborn.
Further information: www.oppermann-fuss.de
Bencis is an independent investment company and was originally founded by Zoran van Gessel and Jeroen Pit in 1999. Bencis supports business owners and management teams in achieving their growth ambitions. The team consists of 30 professionals across all offices in Düsseldorf, Amsterdam, and Brussels.
To date, Bencis has raised six funds consisting of together more than EUR 2.2 billion. Bencis currently invests from its Bencis Fund VI with a volume of EUR 575 million.
Bencis is currently invested in 32 companies that generate a total revenue of EUR 1.8 billion and employ c. 9,500 people.
Further information: www.bencis.com
About ELF Capital Group
Funds advised by ELF Capital specialize in flexible financing solutions for medium-sized companies with a focus on Germany, Austria and Switzerland as well as Northwest Europe. The entire investment team has many years of experience in structuring tailor-made financing solutions for owner-managed medium-sized companies, management teams and private equity portfolio companies looking for an entrepreneurial, reliable and committed financing partner. ELF Capital offers individually designed financing solutions for established, fast-growing medium-sized companies as well as for companies in special situations. ELF’s focus is on capital solutions for companies with solid and profitable business models, leading market positions and good growth prospects.