Target Information

Mobil in Time Gruppe (MiT) is a leading provider of mobile energy solutions and water damage restoration services in the DACH region. The company has positioned itself as an innovator in the market, focusing on environmentally friendly rental solutions that leverage renewable energy sources. MiT boasts a diverse customer base, including HVAC professionals (technical building engineers, installers), property management firms, insurance companies, and industrial enterprises.

Industry Overview in the DACH Region

The DACH region, comprising Germany, Austria, and Switzerland, has been witnessing substantial growth in the mobile energy solutions sector. The demand for temporary power and climate control solutions has surged, particularly in response to increasing awareness regarding sustainability and energy efficiency. As industries adapt to stricter regulations on emissions and energy use, mobile energy providers like MiT are becoming indispensable.

This region is seeing a significant push toward renewable energy integration, responding to both market demands and government initiatives aimed at reducing carbon footprints. Companies focusing on innovation in renewable energy are benefiting from favorable policy environments and growing investment from both private and public sectors.

Furthermore, the restoration and maintenance services for properties, especially in the context of water damage, are gaining traction. Increasing environmental challenges have resulted in more frequent instances of flooding and other water-related issues, hence elevating the demand for effective restoration solutions. MiT’s expertise in this area positions it advantageously within a growing market.

Rationale Behind the Deal

The sale of Mobil in Time Gruppe to Aggreko represents a strategic move for Verium, marking a pivotal moment in the lifecycle of their Continuation Fund, Verium I. Having partnered with MiT since 2019, Verium has witnessed substantial growth through both organic and inorganic means, culminating in this transaction. This sale not only validates the growth achieved by MiT but also enhances the positioning of Verium I, placing it in the top decile of 2022 Vintage Continuation Funds.

By partnering with a global leader like Aggreko, MiT will gain access to expanded resources and expertise, which will further accelerate its growth trajectory in the mobile energy solutions market.

Investor Information

Verium is an independent multi-family office based in Zürich, dedicated to managing and growing family wealth through innovative strategies. They focus on companies within the DACH region, encompassing direct investments in medium-sized enterprises. Verium's portfolio includes various operational businesses, aligning with their strategy to nurture and develop family-owned assets for sustained long-term security.

The success of Verium's partnership with MiT reflects their adeptness at identifying and fostering high-potential companies. Their management style and investment philosophy center on strategic oversight and collaborative growth with company management teams.

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The sale of Mobil in Time Gruppe could be considered a well-timed and strategic investment by Aggreko, as the market for mobile energy solutions is poised for growth given the increasing focus on sustainability. The technological advancements highlighted by MiT, particularly in renewable energy applications, align well with global trends toward greener solutions. Aggreko’s expertise in energy solutions further complements MiT's offerings, creating a synergistic partnership capable of meeting market demands.

From Verium's perspective, the successful exit supports their track record of generating significant returns for their investors. By achieving a top-decile position for their Continuation Fund, they reinforce their strategy of maintaining a robust portfolio of sustainable investments within the evolving market landscape. Their proactive engagement with MiT has evidently resulted in mutual growth and success.

Overall, this deal not only validates the strategic direction of Verium and its portfolio companies but also positions MiT, under Aggreko, for enhanced operational resilience and market competitiveness. This synergy highlights the deal's potential benefits, making it a positive development for all parties involved.

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