The Carlyle Group & CVC take majority stake in BauWatch

Carlyle and CVC have completed the acquisition of a majority stake in BauWatch for an enterprise value of €1–10bn. The transaction sees each private‑equity sponsor acquire a 45% share, while Haniel retains a 10% minority interest, and is subject to customary regulatory approvals with closing anticipated in the first quarter of 2027. Carlyle, a global investment firm with deep sector expertise, and CVC DIF, a leading mid‑market infrastructure equity manager, will jointly fund the deal through equity contributions from the Carlyle Europe Partners platform and CVC DIF’s Value‑Add IV fund. BauWatch, founded 17 years ago in Apeldoorn, supplies technology‑enabled remote video surveillance, AI‑driven monitoring and 24/7 alarm response services to construction sites, critical infrastructure and industrial facilities across Europe. Under Haniel’s ownership, the company’s revenue grew from €59m to a revenue of €153m in 2025, reflecting a successful scaling strategy that leveraged innovative technologies and a recurring‑revenue model. The new owners intend to accelerate BauWatch’s international expansion by deepening product innovation, extending the platform to additional European markets and pursuing a buy‑and‑build approach that capitalises on the firm’s scalable architecture and high‑margin service contracts. The partnership also provides BauWatch with access to Carlyle’s extensive network of corporate clients and CVC’s infrastructure expertise, positioning the business to capture rising demand for secure, technology‑driven monitoring solutions in the construction, renewable‑energy and critical‑infrastructure sectors. Haniel’s partial exit aligns with its broader transformation into a diversified investment group and will free capital for further portfolio development. The deal underscores the attractiveness of asset‑light, recurring‑revenue security platforms to private‑equity investors seeking resilient, growth‑oriented assets in Europe’s infrastructure landscape.