goetzpartners advised Borromin Capital
goetzpartners advised Borromin Capital with a Commercial Due Diligence
goetzpartners advised Borromin Capital Fund IV ("Borromin Capital") with a Commercial Due Diligence on the acquisition of EBERLE Controls GmbH ("Eberle"), a leading German provider of innovative heating and air conditioning solutions including thermostat, heating control, and installation products.
Beyond a diligent review of the company's product portfolio, special emphasis was applied on Eberle's well-filled new product development pipeline. It included an assessment of the company's tangible strategy with regards to the emerging "Matter" smart home software standard and effects on the company's future product and solutions portfolio as well as its competitive positioning.
For the market environment, our analyses examined the current underlying construction market sentimet, including a probability-weighted scenario analysis of new construction activity and its implications for the related renovation segment. In combination with the effect from various interest rate scenarios, construction cost developments, and expected underfloor heating penetration rate projections, our analyses provided cruicial confidence about growth prospects of Eberle's addressed market. An analysis of Eberle's competitive environment validated the company's strong positioning and attractive technology pipeline.
Finally, the Commercial Due Diligence included a strategic review of major beyond-the-plan opportunities, including regional expansion and angles of inorganic growth.
The project complements our extensive track record of providing strategic and commercial advisory services in the broader construction, smart home technology, and home automation industry.
Eberle was established in 1932 as a specialist for industry relays. Since then, the company has developed a strong focus on temperature control solutions and is today the market leader for innovative heating and air conditioning solutions in Germany. With a product range of approximately 560 products, the company and its 160 people serve both OEMs as well as electrical and plumbing wholesalers. Eberle’s customers especially appreciate the high quality and reliability of their products which undergo a fully automated inspection and testing process prior to shipment.
Borromin is an independent private equity company focusing on medium-sized businesses within German-speaking Europe and Benelux countries. Funds initiated and advised by Borromin invest in mid-size companies providing equity for succession issues, management buy-outs and also provide capital for growth opportunities. Borromin was founded in 2001 and follows a successful, value-oriented strategy of investments in profitable companies in various sectors.
Dr. Gerrit Schütte