GP Holding GmbH, the German single family office of Guido Pühse, sells its majority stake in apt Sedant Holding GmbH to the Chinese Mengtai group.

apt: an aluminum producer with more than €250M in revenues

Monheim-based apt group is a leader in the European aluminium industry. The group has more than 1.000 employees and yearly revenues in excess of €250M. Main sites of the company are in Monheim am Rhein, Eckental, Roermond (Netherlands) or Cheb (Czech Republic). Components of apt are used in the construction, transport and automotive industry.

Pühse Family Office as the apt majority shareholder since 2019

In 2019, Guido Pühse took over 69,9% of the shares of the apt group with his family office, the GP Holding GmbH. Now, he sells its stake to the Chinese Mengtai group. Mengtai – with its headquarter in Ordos (Inner Mongolia, China) – is a leading industrial company with its focus on coal, aluminium, electricity and urban heating industrie. Guido Pühse was the long-time CEO and owner of the German chemical company Oskar Nolte GmbH, which was sold in 2018 to the Peter Möhrle Holding (which is also a single family office).

Picture source: Gareth David
Article source: M&A Review, 27.07.2020

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The Australian Sunshine Family Office acquired a 1,456sqm property in Rüthen (Germany). The transaction was organized by the German real estate investment firm DRIA GmbH, which manages the investment and asset management for various family offices. The property is rented to Centershop since 2018 and was sold by a Luxembourg-based company. The object also has 64 parking spots.

Sunshine Family Office restructures German real estate portfolio

German DRIA GmbH currently leads the restructuring of the real estate portfolio of the Australian Sunshine Family Office. Two automotive objects in Aurach and Cottbus were sold, a retail object in Halberstadt was acquired.

Source: DRIA
Picture Source: Mike Petrucci

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German real estate investor Commodus acquired a Mixed-Use building in Berlin from an unknown family office. The “Hohenschönhauser Tor” building with office and retail space is located at Weißenseer Weg 35 and has a lettable area of 19.000 sqm. Amongst others, the tenants include a gym, senior housing and medical practices. The Weighted Average Lease Term (WALT) amounts 7 years. Realtor firm Lührmann was serving as a broker for the transaction. The family office sold the property through an asset deal.

Source: Immobilienmanager.de
Picture source: Dimitry Anikin

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German Hartinger Group, the single family office of the Hartinger family, recently acquired the former headquarter of the pharmaceutical company Biogen GmbH in Ismaning, Munich.

Acquiring an office building near Munich

The now-acquired building was built in 1990. The 3 story building has an area of 3000 sqm. The building was usually designed for six parties. The Hartinger family office now intends to revitalize the building and to rent out the office space. The building was sold by a pension fund for a large German company. The purchase price remains undisclosed.

Hartinger Family Office as German real estate investor

The Hartinger Group from Rosenheim is a 3rd Generation family office that is mainly active in the real estate sector. In 2019, the portfolio value rose over €120M, the family office is currently actively acquiring new properties. The company’s portfolio is mainly located in Bavaria.

Sources
Deal-Magazin, 21.05.2020
Alesia Kazantceva (picture), 21.05.2020

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LA ROCA Capital, the single family office of insurance entrepreneur Kersten Jodexnis, is one of the investors of Gapless‘ most recent €5.5M funding round.

Blockchain-based all-in-one car app

Gapless is a German blockchain startup working on a blockchain-based all in one app for vehicles. Through Gapless’ app, users can get an overview of the history of their car. The app enables users to manage cars, to track costs and to get notifications for due maintenance works. Gapless was founded by Jan Karnath, Andreas Joebges and Malte Häusler in 2018 in Berlin. Legally, Gapless is a brand of the New Horizon GmbH.

Funding by the family office of Kersten Jodexnis and other investors

Now, Gapless received a €5.5M funding round to further accelerate its growth. Investors include luxury carmaker Porsche and LA ROCA Capital, the Jodexnis family office. The FinLab EOS VC Fund acts as the lead investor (a joint venture of FinLab and Block.One). Kersten Jodexnis is a German insurance entrepreneur who led the JODEXNIS Versicherungsmakler GmbH and is the majority shareholder of the Wertgarantie AG (more than 600 employees, 240 millions of yearly revenues). The LA ROCA family office is an active investor in the startup universe, investments include simplesurance, UniversalQuantum, or Mountain Partners. The Jodexnis family office also had various successful exits in the past, like JimDrive or Horse Analytics.

Sources
Dgap, 30.04.2020
Erik Mclean, 30.04.2020

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The German Dallmayr family office acquired a 3500 sqm office property in Obersendling, Munich. The building has four floors which can be used as office space, as well as space for manufacturing. Currently, the property is rented out to a printing company. The building at the Geretsrieder Straße 10 is located near the metro station Obersendling. In 2016, the building from 1983 was extensively renovated.

Dallmayr Single Family Office investing in German real estate

Thomas Gelb-Randlkofer, CEO of the Dallmayr Family Office TGR Immobilien Vermögensverwaltung, commented on the transaction with: “The building suits us perfectly. The building is well connected to public transit and offers plenty of space for different types of use.” TGR Immobilien Vermögensverwaltung is the family office of the Randlkofer and Wille families, whose fortune developed from Alois Dallmayr’s coffee empire. TGR is exclusively investing in German real estate with a focus on properties in Munich.

Sources
Deal-Magazin, 13.04.2020
Dimitry Anikin (picture), 13.04.2020

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Deutsches Milchkontor GmbH (DMK) is one of Germany’s largest dairy companies. Now, the Zeven-based firm sold its subsidiary Sanotact GmbH to Flotte Holding GmbH, an investment vehicle of the Piëch-Nordhoff family.

Sanotact: Supplements Producer based in Münster (Germany)

Sanotact was a brand and subsidiary of the DMK Group. DMK is a leading German dairy company with 7,700 employees and more than €5.6BN in revenues. In the future, DMK wants to focus on its dairy products. As a consequence, DMK sold its supplement producer Sanotact GmbH. Sanotact has its headquarters in Münster and employs almost 200 people. The product portfolio consists of three pillars: supplements, dextrose and breath freshener. The purchase price of Sanotact remains undisclosed, the new owner takes over all employees.

New private equity family office of Piëch-Nordhoff family

The Piëch-Nordhoff family belongs to the Porsche family, who owns large parts of the world’s largest car manufacturer Volkswagen. Now, the family builds up a private equity family office through the Flotte Holding GmbH investment vehicle. The holding focuses on sustainable companies.

Sources
TopAgrar, 08.04.2020
Michele Blackwell (Picture), 08.04.2020

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Inpera is a Berlin-based Software-as-a-Service (SaaS) startup working on automated sourcing solutions for the building industry. Now, Inpera received a Seed-II investment round for the further development of its product. One of the investors is the German family office Eisbaer Capital.

Software for sourcing in the building industry

The startup from Berlin simplifies the tendering and procurement process in the building industry. Through Inpera’s cloud solution, procurement requests can be easily sent and transparently compared. The whole procurement process of materials and services moves from Excel sheets to the cloud. Inpera is listed on Builtworlds ConTech GlobalTop 100 Map.

Family office invests in Seed-II round

The Berlin-based startup managed to convince several experienced investors from the industry for its Seed-II round: proptech focused venture capital fund PropTech1 Ventures, Vito ONE, an investment vehicle of the building conglomerate Martin Meier, Alexcander Meier (the former Commercial Director of Holcim) – and the German family office Eisbaer Capital.

Sources
PropTech1 Ventures, 08.04.2020
Jonas Tebbe, 08.04.2020

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German mobility startup Sono Motors – which is building a car powered by solar energy – is raising a major €50M funding round through external investors and its community. Now, a Bremen-based single family office contributed a major amount to the funding round.

Sono Motors: Munich-based startup working on an innovative electric car

Sono Motors is a German mobility startup founded in 2016. The Munich-based company wants to build an electric car that works with integrated solar cells. In total, more than 10,000 preorders for the company’s flagship model “Sion” exist. Already more than 13,000 test drives were finished. To fuel its further growth, the company now intends to raise €50M within 50 days. Sono’s previous funding campaigns were often done through Crowdfunding platforms like Seedrs.

German single family office as a major investor

At the end of December (2019), only €32M were raised so far. On the 8th of January, the funding amount rose by €10M through a major investment of the German single family office ELFH Holding and the venture capital firm WiVenture. ELFH Holding is a rather unknown German family office with its headquarters in Bremen. The investment shows the increasing role that family offices play when it comes to venture capital financing rounds.

Sources
Edison Media, 13.1.2019
Jannes Glas, 13.01.2019

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On December 14th, German family office SWT Verwaltungs GmbH acquired a former post building in Mühlheim an der Ruhr, Germany. SWT has already been involved in multiple real estate deals in the past years.

Postareal: mixed-use building with development potential

The Postareal in Mühlheim an der Ruhr is well located, the main station is within walking distance, as well as the “FORUM City Mühlheim” is in walking distance. In the past, the object served as a distribution and logistics center for the German Deutsche Post AG. Also a bank branch is located in the building with 7,920 sqm lettable space. The building was sold by a Luxembourg-based firm, German consultancy Hackenberg & Co. consulted both parties. After the current leases expire, SWT plans a mixed-used development project.

Bavarian family office with several real estate investments

SWT Verwaltungs GmbH is a rather secret family office from Rain, a city in the Northwest of Munich. SWT is focusing on real estate investments. Interestingly, the firm also acquired the neighboring “Twin Towers” object in 2018. In June 2019, the family office acquired a portfolio of five objects in Rheine, Herne, Lüdingshause, Soest and Dusseldorf. SWT focuses on commercial properties in German B- and C-cities.

Sources
Konii, 17.12.2019
DEAL Magazine, 17.12.2019
Claudio Schwarz, 17.12.2019

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