On 30 November 2012, our client Odewald & Compagnie, a leading German private equity house, announced the disposal of Mateco Group to the Belgian TVH Group

Mateco is the market leader in Germany in the rental of mobile access equipment with a fleet of over 4,800 working platforms across over 400 types of equipment. The company operates a network of 37 branches in Germany, Poland and Luxembourg. The roll out of the business has gained significant momentum under Odewald’s ownership having acquired eight local competitors over the last five years. Mateco is headquartered in Stuttgart and has over 550 employees. For 2012, Mateco is forecast to generate revenues of around €90m.

TVH is a leading player in the material handling industry with activities in 160 countries worldwide. The group is active in the sale and distribution of spare parts and in the rental of access equipment. The family owned company is based in Waregem, Belgium, and employs over 3,000 people.

The Mateco transaction builds on Canaccord Genuity Hawkpoint’s strong track record in the European equipment rental market.

Canaccord Genuity Hawkpoint acted as sole financial adviser to Odewald in relation to the disposal of Mateco.

Back to Listing