REB 1

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 statusRealised
Vintage2000
Size€ 28 million
Geograpfical focusAustria
InvestmentfokusSpecial situations in SMEs
Portfolie7 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

SectorMetalworks industry
ProductStoves, large kitchens
PhaseInsolvency
Revenue€ 21 million
Share95%
StatusSold

Huber

SectorTextile industry
ProductBodywear
PhaseReorganization
Revenue€ 91 million
Share26%
StatusSold

Forstinger

SectorRetail industry
ProductElectronics
PhaseInsolvency
Revenue€ 124 million
Share50%
StatusSold

AAX/ARO

SectorRetail industry
ProductReal estate
PhaseInsolvency
Revenue€ 12 million
Share50%
StatusSold

Neudörfler

SectorWoodwork industry
ProductOffice furniture
PhaseReorganization
Revenue€ 28 million
Share100%
StatusSold

Augarten

SectorHousehold goods
ProductChina
PhaseInsolvency
Revenue€ 4 million
Share100%
StatusSold

bug-alu

SectorMetalwork industry
ProductGlass facades
PhaseReorganization
Revenue€ 39 million
Share75%
Statusverkauft