Long-term financing from BlueBay Asset Management
SCHUBERTH was able to expand its market position in 2015 with its premium product portfolio and the launch of new products. Based on the successful restructuring in 2013/2014 and implementation of growth initiatives, the Company achieved a strong increase in sales and profitability in 2015. This was underlined by a long-term company financing which was provided by BlueBay Asset Management’s Private Debt Business as financing partner in December 2015. The six-year financing package will support SCHUBERTH on its growth path and provides the basis for new investments at the Magdeburg facility. SCHUBERTH was advised during the financing process by DC Advisory, one of the leading corporate finance houses for medium-sized companies in Germany.
Dr Hanno Schmidt-Gothan, partner at Perusa GmbH, emphasized that “the measures implemented after the acquisition by the Perusa Partners Fund have resulted in two successful years”. In addition to the financial performance of the Company, this is also reflected in staff numbers. SCHUBERTH was able to substantially increase the number of its employees both at the Magdeburg facility and internationally from 290 in 2013 to roughly 400 in 2015.
The growth strategy will be continued in 2016. “In 2016, substantial investments in the development of new products and production technology at the Magdeburg facility will set a record of more than EUR 6 million,” said Jan-Christian Becker, CEO of the SCHUBERTH Group. These measures and, in particular, the collaborations with partners like 3M, Touratech, Avon, and Ceotronics will further drive revenues. Particularly noteworthy is the newly established collaboration with the U.S. partner 3M, whose new, unique technologies allow to utilize substantially improved materials for the production of police and military helmets.