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Private Equity vs. Strategic Buyers: how increasing competition on the buy-side forces funds to create unprecedented value propositions for business owners

A record $12.8 trillion assets under management (AUM) in private equity in 2022 results in a strong competition on the buy-side across all ticket sizes. To stay ahead of the competition, modern private equity funds had to adapt by creating new value propositions targeting the sellers. The new generation of private equity emerges more and […]

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DACH Mittelstand: Investment Considerations and Valuation Multiples

The DACH region (Germany, Austria, and Switzerland) is known for its robust economy and strong industries. One important feature of this region’s economy is the prevalence of small and medium-sized enterprises (SMEs), also known as Mittelstand. These companies are critical to the region’s economic growth, as they account for the majority of employment and GDP […]

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The end of the zero interest era: how the new reality is going to impact the Private Equity- and the Private Debt industry

How increased interest rates impact the Private Equity industry? After an unprecedentedly long period of close-to-zero interest rates, central banks have been aggressively hiking interest rates to control inflation. This has impacted the global markets, and the private equity industry is no exception. In general, higher interest rates result in lower returns and lower competition, […]

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Re-participation and earn-out mechanisms in small-cap M&A deals in DACH region 2023

When we at Winterberg Group acquire Mittelstand companies in the DACH region, we encourage the selling shareholders to re-participate with a minority stake in the company. Why? The answer is simple – on the one hand, we want to share a portion of our risks. On the other hand, for owners, it’s usually a good […]

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German Emergency Water Supply Market: Interesting Niche for Private Equity

Water is essential for human survival, and ensuring a secure and reliable water supply is of paramount importance. In Germany, the Water Security Law (Wassersicherstellungsgesetz) aims to provide emergency water supply to cities in times of crisis, ensuring the population’s uninterrupted access to clean drinking water. The law has been designed to provide a framework […]

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Pressemitteilung: Healthcare Holding/Winterberg Übernimmt Senectovia Medizinaltechnik AG

Die Buy & Build Spezialisten der Winterberg Gruppe starten mit der Akquisition der Senectovia Medizinaltechnik AG eine neue Plattform in der Schweiz. Die hierfür neu gegründete Healthcare Holding Schweiz AG soll ein führender Anbieter im Bereich Distribution und Services von Medizinaltechnik werden.   Baar, Schweiz – Dezember 2021   Die Healthcare Holding Schweiz AG, eine […]

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