maconda conducts a Commercial Due Diligence for SICCUM, a regionally leading damage restoration company
maconda News August 2018
maconda conducts a comprehensive Commercial Due Diligence for the investment of the Munich family office Rigeto Unternehmerkapital in SICCUM, a regionally leading damage restoration company specializing in water, fire, and mold damage.
The SICCUM Group is a service provider for the drying, cleaning, and restoration of water, fire, and mold damage. The company works for private, commercial, and public clients, handling both the remediation of damages and their settlement with insurance companies. The company operates primarily in Mecklenburg-Vorpommern and Schleswig-Holstein, where it has six locations.
Rigeto Unternehmerkapital represents a group of entrepreneurs and family offices that aims to drive the further market expansion of the SICCUM Group. With the opening of a new, seventh location in Seevetal near Hamburg in July 2018, a new growth phase for the SICCUM Group has begun.
The challenge was to evaluate the company’s future business development in the rather reactive damage restoration industry as part of the Commercial Due Diligence. maconda moderated a business plan workshop with SICCUM management and documented the measures necessary to achieve the planned growth. In addition to the development of regional damage frequency and damage amount, existing and new customer business played a central role.
Particular detailed work was required to analyze the market and competitive environment in the core region of Mecklenburg-Vorpommern, as well as the adjacent Schleswig-Holstein and the Hamburg metropolitan region. Various regional data, such as housing age, housing stock, and damage frequency, were supplemented by insights from numerous market interviews. Through comprehensive, competent analyses and clear assessments, maconda made an important contribution to the successful completion of the transaction.