Press & news
Investment company EMERAM sells its portfolio company Officium to Arcus Infrastructure Partners LLP
Munich, 18 January 2022: Funds advised by EMERAM Capital Partners, one of the leading investment companies for medium-sized companies in the German-speaking region (“EMERAM”), sell their portfolio company Officium to Arcus Infrastructure Partners. The transaction has now been completed ("Closing").
In less than two years, with the support of EMERAM, Officium has succeeded in building one of the leading independent metering and energy service providers for the housing industry in Germany. With a consistent buy-and-build strategy and the development of innovative, digital offerings, Officium has steadily expanded its market position in a highly fragmented market. The company currently services more than one million meters and will continue its successful growth course in the future.
Markus Gyssler, Partner at EMERAM, comments: "In EMERAM's portfolio, Officium is another example of how the right strategy and its consistent implementation can be very successful in creating significant value in the German SME sector. Both organically and inorganically via buy and build, with a total of ten acquisitions, we have developed a strong first platform into a measurement service provider active throughout Germany. In addition to the high speed of expansion, we have always driven procedural and cultural integration. In this way, we have expanded the company very effectively for customers, partners and employees, as well as leading to an excellent investment for our investors. We now see Arcus as the ideal partner to accompany Officium in its next growth phase in the best possible way."
Stephan Kiermeyer, Managing Director of Officium, adds: "Thanks to the strong support of EMERAM in the role of Business Development Partner, especially in the areas of strategy, expansion and optimization of internal procedures and processes, Officium has become a leading national player in submetering in just 20 months. With a clear focus on M&A with mid-sized companies and the resulting coverage with locations throughout Germany, Officium has been able to grow rapidly and in a structured manner. With our new shareholder, Arcus Infrastructure Partners, we have now turned to the next chapter. We are looking forward to expanding even more strongly in the German market with an internationally active partner and to consistently pursuing the path we have taken so far. For us, the long-term orientation is a stable anchor for a successful future in our submetering segment."
Stefano Brugnolo, Partner at Arcus Infrastructure Partners, explains: “Having identified the European submetering sector as a key area of focus for Arcus some years ago, we are delighted to have acquired Officium which stands out as a particularly attractive mid-market and independent player in the German market. We look forward to supporting the continued growth of the business alongside Stephan Kiermeyer, Officium’s CEO and founder, and bringing to bear our experience in metering from Horizon Energy Infrastructure and Smart Meter Assets to build on Officium’s well established market position.”
The purchase price is subject to confidentiality. EMERAM was advised by Noerr, Alvarez & Marsal and ING-Bank on this transaction.
Officium GmbH is one of the leading independent submetering and energy services providers for consumption-based metering and billing of water and heat for the housing industry. The company was founded as a platform investment by funds advised by EMERAM in 2020. As a parent company, Officium manages numerous regional providers and is primarily present in Berlin, Brandenburg, Lower Saxony, North Rhine-Westphalia (for example Düsseldorf and Duisburg), Mecklenburg-Western Pomerania, Saxony-Anhalt (Dessau-Roßlau), Saxony (Dresden and Chemnitz), Thuringia and Bavaria (Lower and Upper Franconia). Customers are primarily small and medium-sized property management companies and private landlords. In total, Officium manages more than one million measuring devices.
EMERAM is one of the leading investment managers for medium-sized companies in German-speaking countries. Funds advised by EMERAM provide more than 500 million euros of capital for the development of growing companies. The portfolio includes companies from the technology/software, value-added services and new consumer staples sectors. EMERAM acts as a long-term business development partner for its companies and promotes the sustainable growth (organic and inorganic) of the portfolio companies. In addition, the company focuses on the implementation of holistic ESG concepts.
Currently, the portfolio contains six platform investments with cumulatively more than 2,500 employees. The companies continuously achieve double-digit organic sales growth. In addition, a total of 30 add-on acquisitions accelerated the growth and enabled international expansion.