Riverside’s private equity

Press Releases

Riverside Designs First Add-On to German Engineering Provider June 10, 2008

Download Full Press Release

Private Equity Firm Completes 13th Acquisition of 2008

(June 10, 2008) – The Riverside Company has drawn up an add-on for IndustrieHansa Engineering and Consulting, a business division of Riverside platform company Advanced Information Systems Group. Acquired by Riverside in December 2006 with equity from Riverside Europe Fund III, AIS Group provides technology solutions for the automotive, aerospace and steel industries. Riverside had designs on AICAT CA Technologies Consulting GmbH, a German digital engineering company, because of its ability to grow IndustrieHansa in a challenging manufacturing environment ripe with opportunities.

AICAT complements IndustrieHansa, a technology-oriented engineering service and consulting provider to the German automotive and aerospace industries. AICAT provides training and engineering solutions to Ford and tier-1 suppliers, deepening IndustrieHansa’s key automotive relationships and adding new customers.

“Riverside recognized right away that adding AICAT to IndustrieHansa provided a great opportunity for continued success,” said Kai Köppen, Riverside Partner in Munich. “In addition to expanding the customer base and reaping cross-selling opportunities, enhancements in the service offering will contribute significantly to the future growth of the company.”

“Our partnership with Riverside has enabled us to continue to solidify our market position while looking for the right add-ons for growth,” IndustrieHansa CEO Uwe Hihn said. “We welcome AICAT, a company we know well, and look forward to reaching more blue chip customers and leveraging our synergies with other IndustrieHansa locations in Germany.”

Working with Köppen on the Riverside team were Peter Schaberger, Vice President; Dominik Heer, Vice President; and Justin Kent, Associate.

The Riverside Company

The Riverside Company is the largest global private equity firm focused on the smaller end of the middle market (“SEMM”) and is one of the industry’s most experienced leveraged buyout investors. Riverside specializes in investing in premier SEMM companies (those valued up to $200 million) and partners with strong management teams to build companies through acquisitions and value-added growth. Since 1988, the firm has invested in 189 transactions with a total enterprise value of $3.4 billion. Its current portfolio in the North America, Europe and Asia numbers 63, with combined annual sales of $3 billion, EBITDA of $468 million and more than 14,000 employees. Riverside offers the resources to complete acquisitions smoothly and in as little as 45 days - thanks to its sizeable pool of capital under management (nearly $2 billion in nine funds), over 150 professionals in 17 offices (Amsterdam, Atlanta, Brussels, Budapest, Chicago, Cleveland, Dallas, Los Angeles, Madrid, Munich, New York, Prague, San Francisco, Seoul, Stockholm, Tokyo and Warsaw), and long-standing relationships with partner lenders. Five of seven of the firm’s mature vintages are currently top quartile, and the firm’s investors include the world’s leading pension funds, endowments, funds-of-funds, insurance companies and banks. Please visit www.riversidecompany.com and www.riversideeurope.com for more information.

Advanced Information Systems Group

AIS Group is a leading process-oriented technology solutions provider for the automotive, aerospace and steel industries. The AIS business division offers IT solutions in the steel production process and uses its proprietary system solution “Steelplanner” to coordinate and optimize the steel production process. The IndustrieHansa business division is a technology-oriented industrial service provider with extensive process chain experience that supplies a range of engineering and consulting services to the automotive and aerospace industries. For more information, please visit www.aisys.at and www.industriehansa.de.  

AICAT CA Technologies Consulting GmbH

AICAT, a German digital engineering company with IT expertise provides training, engineering and onsite support to leading automotive manufacturers and suppliers. AICAT’s services include CAD, design, resident engineers and data management and team center engineering.

Media Contact

Holly Mueller
Communications Consultant
The Riverside Company
+1 216 535 2236