Herchenbach receives a significant minority investment from Cerralvo to support growth strategy

Herchenbach Industrial Buildings GmbH (“Herchenbach” or the “Company”) today announces a significant minority investment from Cerralvo Capital (“Cerralvo”), a globally operating private equity investor. In addition, Cerralvo is providing committed capital to support Herchenbach’s international growth, both organically and through strategic acquisitions.

The result of this competitive process underlines the attractiveness of Herchenbach's unique Warehouse-as-a-Service business model. The strong market perception among international investors reinforces the belief that significant additional value can be created in the coming years.

With this transaction, Herchenbach achieved three major strategic goals:

1. Strengthening the balance sheet to accelerate international growth, in particular through strategic acquisitions;
2. Obtaining an attractive option for existing shareholders, providing them with both liquidity and continued participation in future value creation; and 
3. Sourcing a partner with a strong international network to facilitate international expansion. 

Herchenbach's management team, led by the two Co-CEOs Till Bossert and Nektarios Apostologlou, remains highly committed to the mission of developing Herchenbach into the world's leading full-service provider of fast, flexible and sustainable warehouse space.
 

Herchenbach is delighted to welcome Cerralvo as its partner of choice. Cerralvo is highly regarded by the existing shareholder base. Its strong global network will help accelerate Herchenbach's entrance to new markets and allow access to new strategic partners and lenders.

William Blair served as the exclusive M&A advisor to the Company. Herchenbach was further advised by KPMG (Finance and Tax), POELLATH (Legal), Milbank (MEP), Roland Berger (Commercial) and ERM (ESG & EHS).

Herchenbach is one of the leading providers of storage and logistics solutions in Europe. Its customers are DAX-listed companies as well as medium-sized enterprises. With its 100-year history, the Company combines the values of a traditional company with the flexibility of a start-up. Herchenbach can draw on the expertise gained from thousands of successfully realized warehouse construction projects. The in-house engineering department is continuously developing the lightweight hall product.

Cerralvo is a global private equity fund that invests through the search fund model. Beyond the traditional search fund model, Cerralvo also focuses on recapitalization opportunities that aim to create long-term value for all stakeholders. Founded in 2018 Cerralvo has invested in more than 100 search funds and participates in more than 40 search fund acquired companies. 

Angelo Mastroianni
Chief of Staff & Head of Inhouse Consulting
a.mastroianni[at]herchenbach.de
+49 151 400 140 18