INVESTMENT FUND REB 2

In 2007 VMS founded its second restructuring fund, REB II Restrukturierungs und Beteiligungs GmbH & Co KG (“REB 2”). Eight companies were acquired with a combined revenue of currently €400 million and total employees of currently 2,500. The fund was fully realised in 2017.

FUND STATUS Realised
VINTAGE 2007
SIZE €40 million
GEOGRAPHICAL FOCUS DACH region (Germany, Austria, Switzerland)
INVESTMENT FOCUS Special situations in SMEs
PORTFOLIO 8 investments

TRACK RECORD REB 2

After a very successful and sustainable increase in value, four portfolio companies were sold to new industrial owners at the end of 2017. REB 2 investors thus achieved an above-average return (top-quartile, private equity) after all costs (management fee, carried interest, etc.) plus capital growth after around ten years.

Kufner

KUFNER

Sector Textile industry
Product Technical inserts
Phase Insolvency
Revenue €80 million
Share 85%
Status Sold
Ploucquet

PLOUCQUET

Sector Textile industry
Product Technical inserts
Phase Restructuring
Revenue €20 million
Share 85%
Status Sold
Völker Personal

VÖLKER

Sector Service industry
Product Work agencies
Phase Buyout/growth
Revenue €70 million
Share 58%
Status Sold
Frech-Hoch

FRECH-HOCH

Sector Commercial vehicles
Product Assemblies
Phase Buyout/succession
Revenue €10 million
Share 100%
Status Sold
Krieger

KRIEGER

Sector Commercial vehicles
Product Assemblies
Phase Buyout/succession
Revenue €2 million
Share 100%
Status Sold
Rohr Personal

ROHR

Sector Commercial vehicles
Product Assemblies
Phase Buyout/succession
Revenue €45 million
Share 58%
Status Sold
Niedermeyer

NIEDERMEYER

Sector Retail
Product Electronics
Phase Buyout
Revenue €127 million
Share 25%
Status Sold
Krieger

COSMOS

Sector Retail
Product Electronics
Phase Reorganization
Revenue €215 million
Share 10%
Status Sold