Odewald KMU has sold Langer & Laumann to Norvestor
Langer & Laumann
Langer & Laumann is a leading elevator aftermarket service provider focusing on urgent need elevator door drive and control unit kits as the most efficient service-based alternative for technicians and building operators versus traditional solutions for ad-hoc repair and scheduled maintenance. Instant availability in combination with short delivery times, a proprietary database of more than 500 elevator models, effortless installation and a dedicated service and advisory mentality for elevator technicians significantly minimize elevator downtimes and customer satisfaction. Langer & Laumann is headquartered in Steinfurt, Germany, and has successfully expanded its operations across European growth markets.
Lincoln International was mandated by the shareholders of Langer & Laumann, led by Odewald KMU, as the exclusive financial adviser to execute a structured M&A process. Lincoln International managed a highly competitive sale process with multiple international strategic and financial buyers. Norvestor showed great interest and a strong commitment to execute a transaction in a timely manner. Lincoln International closely accompanied the shareholders and the management team throughout the entire process from a comprehensive preparation during pre-marketing to the expedited and efficient due diligence and signing phase, providing valuable strategic guidance.
Friedrich Bieselt, Head of Business Services Europe and Board Member of Lincoln International’s Frankfurt office, added, “Lincoln International supported on all aspects of the sell-side process working closely with the shareholders throughout the marketing, negotiation and due diligence phases of the transaction. Lincoln International used its expertise by effectively conveying Langer & Laumann’s unmatched market position and enthusiastic growth case to a diverse group of strategic and financial bidders.”
Odewald KMU invests in attractive target markets in the German-speaking small to medium-sized enterprise (SME) sector. Odewald KMU focuses on profitable, fast-growing SMEs in the areas of “German engineering,” intelligent services, healthcare and information technology / software. Typical investment rationales include succession arrangements and / or growth financing. A partnership approach, individually tailored solutions and a reliable entrepreneurial work ethic based on mutual trust are the foundation of Odewald KMU’s business.
Norvestor is a private equity firm focusing on mid-market companies based in or with strong ties to the Nordic region, with offices in Oslo, Stockholm, Helsinki, Copenhagen, Hamburg, and Luxembourg. The Norvestor team has worked together since 1991, making it one of the most experienced private equity teams in the region. Norvestor often supports companies entering new geographies, acquiring complementary businesses and executing digital strategies.
Meet our Senior Team
View More Transactions in Business Services
Lincoln International advised Verium, founders and management on the sale of Quickmail and Quickpac's operations to Planzer
Kept Companies, a portfolio company of ACON Investments, was recapitalized by DFW Capital Partners
Lincoln International advised Dunes Point Capital on the sale of Best in Class Technology Services to Investcorp
Lincoln International advised Altamont Capital Partners on refinancing Bishop Lifting
Lincoln International advised shareholders on the sale of their stake in H&Z Management Consulting to EMZ Partners
Lincoln International advised Touchfuse on its sale to White Glove, a portfolio company of RockBridge Growth Equity
Lincoln International has advised EMZ Partners on the sale of ASSEPRO to The Ardonagh Group
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.