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Herchenbach Industrial Buildings, a leading European provider of warehousing and logistics solutions, has announced a significant minority investment of €50M from Cerralvo Capital. This investment strengthens the company’s financial position and enables Herchenbach to accelerate its international growth strategy through both organic initiatives and strategic acquisitions.
Till Bossert and Tobias Raeber launched Kronos Kapital in 2013, the first SF focused on acquiring an SME in Switzerland/South Germany, and successfully acquired Herchenbach in early 2015. In recent years, the company has become the market leader in Germany as well as the fastest-growing temporary warehousing company in Europe, doubling both revenue and EBITDA and delivering outstanding returns for investors before Tobias’ partial exit in early 2019.
Herchenbach serves a diverse customer base, including DAX-listed corporations and medium-sized enterprises. With a 100-year history, the company blends the values of a traditional business with the agility of a startup. It has successfully completed thousands of hall construction projects and, with more than 120 professionals, achieved an adjusted EBITDA of €15M in 2024.
This transaction allows Herchenbach to achieve three key strategic objectives: financial reinforcement for expansion (strengthening the balance sheet to fuel international growth, particularly through acquisitions), liquidity and future upside for existing shareholders, and leveraging Cerralvo’s global expertise to facilitate market entry and international expansion.
Herchenbach’s management team, led by co-CEOs Till Bossert and Nektarios Apostologlou, remains committed to developing the company into the world’s leading provider of fast, flexible, and sustainable storage solutions. They stated: “With this partnership, we are ideally positioned to further accelerate our growth momentum. We look forward to a close and productive collaboration.”
Cerralvo, which has invested in more than 100 SFs and executed over 40 acquisitions, demonstrates its focus on recapitalization opportunities that create long-term value for all stakeholders. Mario Sicilia, Partner at Cerralvo, commented: “the true hallmark of a remarkable business is the fusion of a strong management team with a high quality, resilient business model. Herchenbach embodies this rare combination, making it a venture poised for long-term success”.
M&A Advisor: William Blair / Tax&Finance: KPMG / Legal: Poellath / MEP: Milbank / Vendor Commercial Due Diligence: Roland Berger / ESG: ERM / Legal (buyer): Hogan Lovells
