PE Deals

Ufenau closes UC4, Kanalservice, GarLa and HPS move from V and VI

Ufenau closed UC4 at the hard cap of €450 million.

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  • HPS repairs and maintains generators, electric engines and electrical installations
  • Ufenau Capital is a privately-owned Swiss investor group headquartered in Schwyz
  • GarLa is a group of gardening and landscaping companies

Ufenau Capital Partners has closed its Continuation 4, SLP (UC4) at the hard cap of €450 million. The fund was created to acquire Kanalservice, GarLa and HPS, which are held in Ufenau V and Ufenau VI.

UC4 plans to deploy the newly raised capital to further grow the companies organically and via add-on acquisitions.

Kanalservice, GarLa, and HPS have achieved robust operational growth and closed over 30 add-on acquisitions in the past six years, according to a release .

The companies have each managed to increase their revenues since Ufenau’s initial investment, with combined revenues increasing by over 6.5x, and collectively surpassing €300 million (of which Kanalservice has €150 million, GarLa €120 million, and HPS €50 million).

UC4’s closing represents the first exits for Ufenau VI.

LGT Capital Partners is providing capital to UC4.

Ufenau Capital is a privately-owned Swiss investor group headquartered at Schwyz. The firm invests in service companies in German-speaking Europe, Iberia and the Benelux region and invests in education and lifestyle, business services, healthcare, IT services and financial services sectors.

LGT Capital is an alternative investment firm based in Pfaeffikon, Switzerland.

PJT Park Hill served as exclusive financial adviser, Stephenson Harwood, GÖRG, Arendt & Medernach, and Walder Wyss served as legal advisers for the UC4 transaction.

Kanalservice is a full-service provider in the underground infrastructure maintenance sector in the DACH region. It is based in Frauenfeld, Switzerland.

Rendsburg, Germany-based HPS is an international service provider that focus on repair and maintenance of generators, electric engines and electrical installations.

GarLa is a group of gardening and landscaping companies. Its is based in Schwyz.