Acquisition as part of a buy and build strategy

Grunwald, Nordenham, January 13, 2022 – Ringbeck GmbH (“Ringbeck”), a portfolio company of AURELIUS Wachstumskapital SE & Co. KG (“AWK”, “AURELIUS Growth Investments”), has acquired K.W. Siefken GmbH & Co. KG (“K.W. Siefken”). Like Ringbeck, K.W. Siefken offers high-quality services in the field of gardening and landscaping. Based in Nordenham, K.W. Siefken perfectly complements Ringbeck’s existing locations in Oelde, Langenfeld, Bonn and Mülheim an der Ruhr. Following the investment in Ringbeck in February 2021, the investment in K.W. Siefken represents Ringbeck’s second add-on acquisition in just under ten months, thereby underlining the successful approach of AURELIUS Growth Investments to actively build up portfolio companies through acquisitions of other market players.

K.W. Siefken was founded in 1910 and has about 60 highly skilled employees. The company is based in Nordenham (Lower Saxony) and is mainly serving public and commercial clients.

Nico Vitense, Managing Partner at AURELIUS Growth Investments, was pleased with the transaction: “We are very happy that K.W. Siefken complements the Ringbeck Group as a regional leader in the field of gardening and landscaping. With a broad and high-quality range of services, K.W. Siefken holds an excellent reputation in Lower Saxony. Together with Mr. Siefken, we will continue to drive the further growth of K.W. Siefken and thus also, jointly, of the Ringbeck Group.”

“The cooperation with K.W. Siefken helps us to expand our presence in Northern Germany and brings us one step closer to our goal of becoming a market-leading and nationwide group of companies in the gardening and landscaping space. We are very much looking forward to partnering with Mr. Siefken and his great team!”, Wilhelm Ringbeck, CEO of Ringbeck, stated.

Frerk Siefken, Managing Director of K.W. Siefken, added: “With Ringbeck and AURELIUS Growth Investments, we have found long-term partners who will support us to secure sustainable growth. We are very pleased to be part of the Ringbeck Group!”

The transaction was led by Nico Vitense, Managing Partner of AURELIUS Growth Investments, and his team. The team was supported by Ebner Stolz (Armand von Alberti, Financial and Tax Due Diligence) and Kuzaj Wittmann & Partner (Hans-Jörg Wittmann, Legal Due Diligence and Legal Advice).