Houlihan Lokey Advises HPS Group

Houlihan Lokey is pleased to announce that Ufenau Continuation 4, a fund advised by Ufenau Capital Partners AG (Ufenau), has completed its refinancing of Hanseatic Power Service Group (HPS), a leading group of companies in the field of testing, inspection, certification, and services (TIC & S), to enable the rollover of the asset into its newly established continuation fund.

HPS, headquartered in Rendsburg, Germany, is a leading group of companies in the world of testing, inspection, certification, and services (repair, maintenance, overhaul) for technical equipment of special engines, generators, power packs, and crane technology. The group is composed of five mainly independently operating companies across nine locations in Germany. HPS has approximately 200 employees, providing TIC & S to more than 2,000 customers each year.

Ufenau is a privately owned investment company headquartered in Switzerland that advises private investors, family offices, and institutional investors on private equity transactions with a focus on majority buyouts of owner-managed companies within asset-light industries. Since 2011, Ufenau has completed more than 300 transactions across Europe, underpinning the strong track record of buy-and-build strategies and consolidation of fragmented markets.

HPS was established in 2018 by Ufenau and since then has successfully integrated five add-on acquisitions and established itself as a dominant buy-and-build platform in the industrials sector, capable of activating impactful accretive synergies in its niche segment. Through the rollover of the asset into the continuation vehicle, Ufenau would like to continue the success story via organic and inorganic growth, especially by expanding its TIC & S portfolio through further buy-and-build. The goal going forward is to become the largest and best TIC & S provider in the DACH and Benelux regions.

Houlihan Lokey provided debt advice on all commercial aspects of the financing transaction and secured a highly attractive, tailor-made, and flexible financing structure that will support the HPS’s growth through buy-and-build transactions.