Under the lead management of its Frankfurt partner Dr. Tobias Fenck GÖRG Partnerschaft von Rechtsanwälten mbB has advised Ufenau Capital Partners AG (Ufenau) on the restructuring of the shareholder structure of Intelligent Repair Solutions Holding GmbH (IRS Group).
The Ufenau IV and Ufenau IV Annex funds advised by Ufenau have sold all their shares in the IRS Group to the Ufenau VI and Ufenau Rollover (Ufenau VI) funds also advised by Ufenau and have completely restructured their debt financing.
With over 120 locations, the IRS Group is the leading specialist for the repair of paint and bodywork damage as well as SMART repair services for passenger cars in Germany and Scandinavia.
The new financing structure through the continuation of Ufenau VI will enable the IRS Group to rapidly advance the consolidation of the Northern European market. It is intended to grow by a further 5-10 locations per year in the coming years and thus achieve sales of more than EUR 300 million.
Advisors Ufenau Capital Partners AG
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Tobias Fenck, Partner, Corporate/ M&A, Frankfurt
Dr. Adalbert Rödding, Partner, Tax, Cologne
Dr. Holger Dann, Counsel, Tax, Cologne
Markus Beyer, LL.M., Associated Partner, Corporate/ M&A, Frankfurt
Robert Schindler, Associate, Corporate/M&A, Frankfurt
Taro Stenger, Associate, Corporate/M&A, Frankfurt
About Ufenau Capital Partners AG
Ufenau Capital Partners is a group of Swiss investors based on Lake Zurich. Ufenau Capital Partners focuses on majority shareholdings in service companies in Switzerland, Germany and Austria that are active in the areas of business services, education & lifestyle, healthcare and financial services. With an extensive circle of renowned and experienced industry partners (owners, CEOs, CFOs), Ufenau Capital Partners pursues an active, value-creating investment approach on an equal footing with entrepreneurs.
About IRS Group
The IRS Group, headquartered in Rellingen near Hamburg, employs more than 1,800 people and is the European market leader for intelligent body and paint repair solutions at over 120 locations in Germany, Denmark, Sweden and Switzerland. The IRS Group was founded in 2015 following the merger of the Dent Wizard Group and the Douteil Hagelschaden Group, both acquired by Ufenau in 2014. Within a very short period of time, the IRS Group grew to market leader through an active acquisition strategy and was regularly advised on 34 acquisitions by Mr. Fenck and his team. The IRS Group generated sales of approximately EUR 155 million in fiscal year 2018.
