Stronghold Group has started the new year successfully following a comprehensive restructuring programme.
The Accursia portfolio company Stronghold Group has started 2021 with a positive result despite the ongoing COVID-19 pandemic. The restructuring measures implemented by Accursia in 2020 are having an impact. The company generated positive EBITDA in the first quarter of 2021 and far exceeded its budget in terms of both revenue (+10%) and EBITDA (+12%).
"We are very satisfied with the development of our portfolio company. Since its integration into the Accursia Group, the Stronghold Group has developed extremely well. We have been able to provide the right operational and strategic impetus and look forward to the next steps in the expansion of this platform," said Martin Scheiblegger, Chief Executive Officer of Accursia Capital.
In April 2020, Accursia Capital acquired five European companies as part of a carve-out process from Optimas OE Solutions. These were bundled under the umbrella of Accursia Holding to form the Stronghold Group. Accursia has established an experienced carve-out team that enables management to focus on the day-to-day business.
About Accursia Capial
Accursia Capital is a Munich-based investment holding company and invests in medium-sized industrial companies. The investment focus is on companies with increased operational value creation potential. Potential investees are companies with unresolved succession issues, companies in need of reorganisation and restructuring as well as corporate spin-offs. Accursia Capital pursues a long-term investment approach and intends to develop its investments sustainably.
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