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DC Advisory Partners advised the founders of the Company Heinz and Robin Vogl, the Family Office Obrosi, a seed investor in the business, and a private equity fund on the sale of a majority stake to the Evergreen-funds of CAPCELLENCE Mittelstandspartner GmbH. The private equity fund, which held a 38% stake in the company, sold its entire stake to CAPCELLENCE; the founders and Obrosi remain shareholders of 4Wheels. The transaction was funded all in equity.
Founded in 2000, 4Wheels created the market for outsourced wheels storage services. The Company is the undisputed leader in this business area and manages 57 proprietary tire hotels located throughout Germany from its headquarters in Düsseldorf. With sales of approximately € 30 million and about 330 employees, 4Wheels’ customer base comprises over 1,100 car dealerships and garages. Furthermore, 4Wheels has positioned itself as the leading partner to automotive OEMs for the complete tire handling for their employees’ car fleets, as well as for tire/rim assembly for their R&D departments. Further expansion is planned for current and upcoming business years, notably through opening new tire hotels and increasing the workforce.
With the new owner, 4Wheels will enter the next stage of its growth process both nationally and European wide. CAPCELLENCE will strongly support the Company’s further growth and is committed to provide significant financial resources in addition to the already existing shareholder loans. Both founders will remain active in the Company, Robin Vogl as CEO and Heinz Vogl as an advisor.
DC Advisory Partners acted as the sole financial advisor to the shareholders of the Company. Financial terms of the transaction were not disclosed.
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