Investment fund REB 1
In 1999 Dr. Paul Niederkofler (Senior Partner SOL Capital Management GmbH) founded the first restructuring fund, Restrukturierungs und Beteiligungs GmbH & Co KG (“REB 1”).
Eight companies were acquired with a combined revenue of currently €500 million and total employees of currently 3,500. The fund was fully realised in 2006.
| Fund status | Realised |
| Vintage | 2000 |
| Size | € 28 million |
| Geograpfical focus | Austria |
| Investmentfokus | Special situations in SMEs |
| Portfolie | 7 Investments |
Track record REB 1
Following the very successful sale of two affiliated companies, REB 1 investors were given the opportunity to exit in September 2005 as part of an owner buyout. After all costs (management fee, carried interest, etc.) the investors who were willing to sell have achieved an above-average return (top-quartile, private equity) along with capital growth after around four years.
Lohberger
| Sector | Metalworks industry |
| Product | Stoves, large kitchens |
| Phase | Insolvency |
| Revenue | € 21 million |
| Share | 95% |
| Status | Sold |
Huber
| Sector | Textile industry |
| Product | Bodywear |
| Phase | Reorganization |
| Revenue | € 91 million |
| Share | 26% |
| Status | Sold |
Forstinger
| Sector | Retail industry |
| Product | Electronics |
| Phase | Insolvency |
| Revenue | € 124 million |
| Share | 50% |
| Status | Sold |
AAX/ARO
| Sector | Retail industry |
| Product | Real estate |
| Phase | Insolvency |
| Revenue | € 12 million |
| Share | 50% |
| Status | Sold |
Neudörfler
| Sector | Woodwork industry |
| Product | Office furniture |
| Phase | Reorganization |
| Revenue | € 28 million |
| Share | 100% |
| Status | Sold |
Augarten
| Sector | Household goods |
| Product | China |
| Phase | Insolvency |
| Revenue | € 4 million |
| Share | 100% |
| Status | Sold |
bug-alu
| Sector | Metalwork industry |
| Product | Glass facades |
| Phase | Reorganization |
| Revenue | € 39 million |
| Share | 75% |
| Status | verkauft |