Investment fund REB 2
In 2007 Dr. Paul Niederkofler (Senior Partner SOL Capital Management GmbH) founded the second restructuring fund, REB II Restrukturierungs und Beteiligungs GmbH & Co KG (“REB 2”).
Eight companies with a total turnover of around € 400 million and a total of around 2,500 employees were led to success. The fund was fully realised in 2017.
| Fund status | Realised |
| Vintage | 2007 |
| Size | € 40 million |
| Geographical focus | DACH region (Germany, Austria, Switzerland) |
| Investment focus | Special situations in SMEs |
| Portfolio | 8 Investments |
Track Record REB 2
After a very successful and sustainable increase in value, four portfolio companies were sold to new industrial owners at the end of 2017. REB 2 investors thus achieved an above-average return (top-quartile, private equity) after all costs (management fee, carried interest, etc.) plus capital growth after around ten years.
Kufner
| Sector | Textile industry |
| Product | Technical inserts |
| Phase | Insolvency |
| Revenue | € 80 million |
| Share | 80% |
| Status | Sold |
Ploucquet
| Sector | Textile industry |
| Product | Technical inserts |
| Phase | Restructuring |
| Revenue | € 20 million |
| Share | 85% |
| Status | Sold |
Völker
| Sector | Service industry |
| Product | Work agencies |
| Phase | Buyout/growth |
| Revenue | € 70 million |
| Share | 58% |
| Status | Sold |
Frech-Hoch
| Sector | Commercial vehicles |
| Product | Assemblies |
| Phase | Buyout/growth |
| Revenue | € 10 million |
| Share | 100% |
| Status | Sold |
Krieger
| Sector | Commercial vehicles |
| Product | Assemblies |
| Phase | Buyout/growth |
| Revenue | € 2 million |
| Share | 100% |
| Status | Sold |
Rohr
| Sector | Commercial vehicles |
| Product | Assemblies |
| Phase | Buyout/growth |
| Revenue | € 45 million |
| Share | 58% |
| Status | Sold |
Niedermeyer
| Sector | Retail |
| Product | Electronics |
| Phase | Buyout |
| Revenue | € 127 million |
| Share | 25% |
| Status | Sold |
Cosmos
| Sector | Retail |
| Product | Electronics |
| Phase | Reorganization |
| Revenue | € 215 million |
| Share | 10% |
| Status | Sold |