INVESTMENT FUND REB 1

In 1999 VMS founded its first restructuring fund, Restrukturierungs und Beteiligungs GmbH & Co KG (“REB 1”). Eight companies were acquired with a combined revenue of currently €500 million and total employees of currently 3,500. The fund was fully realised in 2006.

FUND STATUS Realised
VINTAGE 2000
SIZE €28 million
GEOGRAPHICAL FOCUS Austria
INVESTMENT FOCUS Special situations in SMEs
PORTFOLIO 7 investments

TRACK RECORD REB 1

Following the very successful sale of two affiliated companies, REB 1 investors were given the opportunity to exit in September 2005 as part of an owner buyout. After all costs (management fee, carried interest, etc.) the investors who were willing to sell have achieved an above-average return (top-quartile, private equity) along with capital growth after around four years.

Lohberger

LOHBERGER

Sector Metalworks industry
Product Stoves, large kitchens
Phase Insolvency
Revenue €21 million
Share 95%
Status Sold
Huber Holding

HUBER

Sector Textile industry
Product Bodywear
Phase Reorganization
Revenue €91 million
Share 26%
Status Sold
Forstinger

FORSTINGER

Sector Retail industry
Product Electronics
Phase Insolvency
Revenue €124 million
Share 50%
Status Sold
AAX/ARO

AAX/ARO

Sector Retail industry
Product Real estate
Phase Insolvency
Revenue €12 million
Share 50%
Status Sold
Neudörfler

NEUDÖRFLER

Sector Woodwork industry
Product Office furniture
Phase Reorganization
Revenue €28 million
Share 100%
Status Sold
Augarten Wien

AUGARTEN

Sector Household goods
Product China
Phase Insolvency
Revenue €4 million
Share 100%
Status Sold
Bug - Alu

BUG-ALU

Sector Metalwork industry
Product Glass facades
Phase Reorganization
Revenue €39 million
Share 75%
Status Sold