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Constellation backs car dent removal business Douteil Smart Repair

4 Aug 2014

DouteilSwiss private equity firm Constellation Capital has picked up a majority stake in Douteil Smart Repair alongside the company’s management.

The company, which will celebrate its 20th year of operation in 2015, provides dent removal services for cars in Germany without the need for lacquering or replacement.

Douteil has six permanent locations in Germany and about 30 mobile units to react within 24 hours to mass hail damage throughout Germany and neighbouring countries.

The firm said it was eyeing organic growth for the business as well as selected add-on acquisitions.

Last year Constellation made 2.6-times its money through the rapid exit of heating and energy systems company Häsler Groupless than two years after its MBO of the business.

Constellation scored an IRR of 53 per cent by selling Häsler back to management after helping it expand its workforce by more than a third through two bolt-on acquisitions in the past 20 months.

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