The founders and management team of Avega are pleased to announce they have successfully concluded an MBO. The transaction results in Avega remaining 100% owned by its management, allowing it to continue building on the firm’s proven fundamentals – enabling private equity houses to establish their European investments, providing services throughout the whole life cycle while emphasising a personal focus on clients’ needs.
Avega S.à r.l is a Luxembourg-based provider of corporate services to private equity, real estate, debt, infrastructure and corporate investors. It was founded in 2006 by Stefan Lambert and Dr. Wolfgang Zettel both of whom will remain actively involved in the business.
The new management aims to build on the proven fundamentals of the founders to achieve sustainable growth. “Our mission is simple: we help private equity houses to set up their European investments, and provide services throughout the whole life cycle,” says Stefan Ruppert. Adding that the preservation of Avega’s independence will ensure that clients will continue to be served according to the same standards, while the size of the business enables new clients to be onboarded seamlessly.
With a highly experienced workforce of 140, including 125 in Luxembourg, Thomas Weber says, “Our level of expertise ensures a quick turnaround in setting up structures.” Over the years, the Avega Group has added several businesses specialised on tax services, audit and liquidation services. In 2020 the Group further expanded its range of services by launching an alternative investment fund manager (Avega Capital Management) servicing private market clients.
However, the new roadmap will also emphasise their highly personal focus, says, Thomas Probst: “Today besides innovation and technology, a familiar and trusted working atmosphere with highly motivated staff is instrumental in enhancing our performance.”
The course the new team are charting reflects the legacy the founders wished to preserve. Despite being regularly approached by private equity and competitors to sell the business, they supported the buyout as the best solution for staff, management and clients. Stefan Lambert and Dr. Wolfgang Zettel believed that the MBO, rather than the external sale of the firm, would allow ongoing achievement of the businesses’ core principles of being a true partner to clients, highly valuing staff and ensuring a high-quality service. The transaction is entirely funded by the management team and bank finance. NovitasFTCL advised the shareholders and management on the transaction.
« Our mission is simple: we help private equity houses to set up their European investments, and provide services throughout the whole life cycle »
Founded in Luxembourg in 2006, Avega’s service has proved highly successful with its international client base of private equity investors, real estate investors and multi-national corporations. Its size and expertise enable it to provide precisely the service required by each client.
Avega has grown strongly increasing revenues threefold between 2015 and 2020. It now employs more than 140 people across operations in Luxembourg, Amsterdam Paris and Sevilla. It will continue to grow its services and locations to support the needs of its clients. The business is extremely proud of its motivated and competent team and its low staff turnover.
Avega’s highly professional accounting and legal staff combine their deep industry knowledge to create and support the types of investment structures their clients use to make cross-border investments.
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