Investcorp takes majority stake in Miebach Logistik

Alongside the significant reinvestment of the existing executive partnership team, which retains a strategic minority stake of approximately one-third of the share capital, Investcorp has formally agreed to acquire a controlling majority interest in Miebach Logistik Holding GmbH. Announced in March 2025 and expected to close during the second quarter following customary regulatory clearances, this definitive leveraged buyout directly values the targeted supply chain consultancy at an overall €100–350M. The transaction captures an operational platform that currently generates an annual turnover of €50–100M and an EBITDA of €5–25M. This specific financial data corresponds to a transaction multiple of 10x–18x EBITDA. The execution of this definitive share purchase agreement structurally facilitates the complete exit of the company's historical founder and former advisory board chairman, Dr. Joachim Miebach, officially transitioning the specialized advisory firm into an institutionally backed corporate structure. Strategically, this acquisition represents the buyer's fifth dedicated European private equity investment over the preceding 15-month period, systematically following its recent buyouts of SEC Newgate, Outcomes First Group, Stowe, and Epipoli. The investment thesis developed by the acquiring financial sponsor aims to aggressively accelerate the target's international expansion and technological modernization, specifically targeting the integration of advanced artificial intelligence applications into its core material flow engineering services. To support this growth mandate, the new controlling shareholder plans to deploy programmatic capital to execute a focused buy-and-build acquisition strategy across fragmented European and international logistics markets. The competitive transaction process required a comprehensive multijurisdictional advisory consortium. On the buy-side, the acquiring private equity firm mandated Lincoln International to act as lead M&A financial advisor, with Boston Consulting Group conducting commercial due diligence, EY managing financial and tax audits, and Covington providing structural legal counsel. Conversely, the exiting founder and the reinvesting partnership were advised financially by Bankhaus Metzler, with Rödl & Partner overseeing financial and tax perimeters, CMS acting as primary legal counsel, and Pfeiffer Strategic Positioning handling corporate communications throughout the competitive negotiation phase.