AURELIUS Growth Investments’ portfolio company Ringbeck acquires Flöter & Uszkureit Garten-, Landschafts- und Sportplatzbau GmbH

10.08.2022

AURELIUS Growth Investments’ portfolio company Ringbeck acquires Flöter & Uszkureit Garten-, Landschafts- und Sportplatzbau GmbH

  • Acquisition of a regional-leading full-service provider in the gardening and landscaping sector, and in the sport fields construction sector
  • Market entry into the region of Berlin / Brandenburg
  • Successful implementation of the buy and build strategy
     

Grünwald/Berlin, August 10, 2022 - Ringbeck GmbH ("Ringbeck" or “Ringbeck-Group”), a portfolio company of AURELIUS Wachstumskapital SE & Co. KG ("AURELIUS Growth Investments"), has acquired Flöter & Uszkureit Garten-, Landschafts- und Sportplatzbau GmbH ("Flöter & Uszkureit"). Like Ringbeck, Flöter & Uszkureit offers high-quality gardening and landscaping services. In addition, the company operates in the field of sport fields construction services. Flöter & Uszkureit has an attractive site in Berlin, which complements the Ringbeck Group’s existing locations. Following the investment in Ringbeck in February 2021, Flöter & Uszkureit represents Ringbeck's fourth add-on-acquisition in just 18 months, and underlines AURELIUS Growth Investments’ strategy of actively expanding portfolio companies through acquisitions of market participants.

Nico Vitense, Managing Partner at AURELIUS Growth Investments, was delighted with the successful acquisition: "Flöter & Uszkureit is a leading company in the gardening and landscaping sector within the greater Berlin area. The company is a perfect fit for Ringbeck due to its high-quality services as well as its 80 highly skilled employees. We are very pleased to welcome Flöter & Uszkureit’s team and managing director Micheal Schindel, to the Ringbeck Group."

Wilhelm Ringbeck, CEO of Ringbeck, stated: „Flöter & Uszkureit opens up the metropolitan region of Berlin / Brandenburg and brings us one step closer to our goal of becoming a market-leading and nationwide group of companies in the gardening and landscaping space. We are looking forward to the partnership with Michael Schindel and his team.“

Michael Schindel added: “The know-how and the vision from both AURELIUS Growth Investments and Ringbeck have convinced us to take this important step. The combination of our own, as well as our new partners’ strength, will accelerate growth and will allow us to benefit from Ringbeck’s strong network in the market. We are excited about being a new part of Ringbeck Group.”

On behalf of AURELIUS Growth Investments, Managing Partner, Nico Vitense, and his team advised on the transaction. The team was supported by Bluemont Consulting (Markus Fränkel, Commercial Due Diligence), Ebner Stolz (Armand von Alberti, Financial and Tax Due Diligence), and Kuzaj Wittmann & Partner (Hans-Jörg Wittmann and Thomas Löwer, Legal Due Diligence and Legal Advice). 

About AURELIUS
AURELIUS is a pan-European alternative investment firm. Deep operational expertise and experience enable AURELIUS to accelerate value creation within its portfolio companies. The Group has offices in London, Luxembourg, Munich, Amsterdam, Stockholm, Madrid, Milan, Berlin and Dusseldorf.

Our key investment platforms are AURELIUS European Opportunities fund IV and the listed AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4), which specialise in corporate carve-out transactions and acquiring companies with development potential in the mid-market. The investment strategy’s core element is growth of its portfolio companies, supported by a team of almost 100 operating taskforce experts.

AURELIUS Group additionally operates in the areas of growth capital, real estate and alternative lending solutions. AURELIUS Growth Investments participates in leveraged buyouts in mid-market succession situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company provides flexible lending solutions to firms across Europe.

As part of the AURELIUS Group, AURELIUS Growth Investments focuses on Buy-and-Build as well as buyouts and succession solutions. AURELIUS Growth Investments’ current portfolio comprises more than ten companies. In addition to capital for investments and growth, AURELIUS Growth Investments supports the management of its portfolio companies through its extensive entrepreneurial experience and helps with realizing operational potential and the implementation of growth initiatives.

Contact person on the transaction
Nico Vitense
Managing Partner
 

Philipp Scheik
Senior Investment Manager 

Toni Büchsenmann 
Investment Associate