Mid-market private equity firm The Riverside Company has realised its investment in IndustrieHansa Engineering and Consulting, to the German automotive and aerospace industries, Findos Investor, a mid-market private equity fund backed by German family-owned companies and investors for an undisclosed sum.
IndustrieHansa has been an independent business division of Riverside platform company Advanced Information Systems Group, which provides technology solutions for the automotive, aerospace and steel industries.
Riverside acquired IndustrieHansa in December 2006 from Siemens/MCE. During Riverside’s period of ownership, IndustrieHansa achieved an EBITDA CAGR of 37% due to organic growth and the add-on acquisition of AICAT CA Technologies Consulting, a German digital engineering company acquired in June 2008.
Uwe Hihn, IndustrieHansa CEO said: “We were able to secure new blue chip customers such as Audi and Ford, which positioned the company at a new level. Coupled with expanding our competencies into the product lifestyle management area, we have found the support of Riverside to have been very successful for the company.”