CEO Michael Betz and Lafayette Mittelstand Capital jointly acquire REAL General Contracting Group
Acquisition secures 88 jobs at the Company
Future focus on strong growth segments
Külsheim/Frankfurt, August 2020
(Frankfurt | Külsheim) Lafayette Mittelstand Capital took 51% in the newly formed Acquisition Company "REAL General Contracting Holding GmbH" jointly with the future CEO, Mr Michael Betz who holds 49% of the shares. REAL General Contracting GmbH Holding is the Acquisition Company that acquired all assets via an Asset Deal from insolvent REAL Innenausbau AG, a leading Interior Office and Shop Designer, from Insolvency Administrator Mr. Marcus Winkler with effective date as of July 1st, 2020. REAL's design and production Team with approx. 80 FTE is based in Külsheim, Bavaria and services renowned blue-chip customers across a wide range of industries such as Food (McDonalds, Burger King, et.al), Hospitality (ACCOR Group, MotelOne, B&B), Technology & Industry (Amazon, VW Group et. al.), Financial Service Industry (Postbank, Commerzbank, Deutsche Bank, et. al.), Retail and Retail Real Estate (Douglas, ECE Group, et. al.)
Based on Lafayette's experience in acquiring inherently attractive companies out of insolvencies Mr Michael Betz and Lafayette Mittelstand Capital crafted a turnaround and growth plan, which aims to build on REAL's design and project management capabilities to continue to serve its valued customer base. The seller Mr Marcus Winkler commented: "We are delighted to have found a strong buyer consortium with Mr Michael Betz as the past and future CEO as well as 'Mittelstand' focused investor Lafayette Mittelstand Capital Fund II SCS, who are going to lead REAL into the future". Michael Betz added: "We want to use this unique opportunity of a new start to build future growth on a proven and solid business model. REAL's market position, reputation with its customers and power to innovate as well as its highly motivated and skilled team are key drivers for the future success of the new REAL Group".