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

Sticking at it

Initiation | General Industrials | 17/07/2017


Blue Cap

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Investment summary

Blue Cap is set to benefit from recent potentially transformative deals. The projected turnaround of Neschen may yield a step-change in profit, while the disposal of Biolink on a chemical industry-leading multiple confirms the success of management’s exit strategy. Otherwise, a strong, coherent business model is evident in a solid financial record and outlook. Indeed, current consensus forecasts appear not to reflect adequately the general improvement in trading and this virtual de-gearing; adjusted 2017e EV/EBITDA of under 7x ignores the proven corporate success and increasingly ambitious investment.

Last updated on 17/07/2017

Key management

Matthias Kosch, Financial Controller
Hannspeter Schubert, Member of the Board
Tobias Eiblmeier, Manager M&A

Company address

Ludwigstr. 11
United Kingdom
+49 89 273 72 630
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