Greenwood Group has secured growth capital from BayBG, a Bavarian investment company. Greenwood Group is the leading full-service provider of rental equipment for the motion picture industry in the GSA region. The company is organised in three business units production equipment, props and communication technology. Greenwood Group is a portfolio company of PANGEA, a German multi-family office that focuses on long-term investments in the German medium-sized companies.
Bayerische Beteiligungsgesellschaft (BayBG) is a leading investment company that supports small and medium-sized enterprises (SMEs) with capital and know-how. The company’s investment approach is characterised by its focus on sustainable, long-term growth, making it an ideal partner for the Greenwood Group.
“We are delighted to partner with BayBG as they share the same values and long-term plans for the Group as we do,” said Jörg Baumgart, CEO of Greenwood Group.
Under Jörg Baumgart’s leadership, the Greenwood Group will continue its successful development of recent years. The new financing will enable Greenwood Group to further strengthen its position in Germany and expand into other European countries.
“We are excited to support Greenwood Group’s growth ambitions,” said Justus Schmidtke, from BayBG. “Their dedication to operational excellence and customer service has made them a leader in the equipment rental industry, and we look forward to working with them and to contribute to their success story.“
Carlsquare acted as the exclusive financial advisor to Greenwood Group.
