Blue Cap (B7E)

Business description

Blue Cap is a Munich-based industrial holding company, investing in medium-sized manufacturing companies with a turnover range of €10-100m.

Latest research

In full swing

Update | General Industrials | 16/10/2017

Sticking at it

Initiation | General Industrials | 17/07/2017


Blue Cap

In vollem Gange

Blue Cap

Dabei bleiben


Investment summary

H1 profit well ahead of market expectations and confirmation of the successful sale of Biolink are fitting endorsements of Blue Cap’s investment strategy. Indeed, more of the same appears on the cards with full-year management guidance of strong momentum, notably in the turnaround of Neschen, as well as new investment opportunities, which the now de-geared company is well-placed to seize. Despite a buoyant share price (up over 50% since our positive initiation report in July), the rating remains attractive at under 9x 2017e EV/EBITDA on seemingly cautious consensus forecasts.

Last updated on 16/10/2017

Key management

Hannspeter Schubert, CEO
Matthias Kosch, Financial Controller
Hannspeter Schubert, CEO
Tobias Eiblmeier, Manager M&A

Company address

Ludwigstr. 11
+49 89 273 72 630
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