HiSERV

Rapid growth in a fast-moving market

Headquartered in Germany and operating across Europe, HiSERV holds a strong position in a market of opportunities: GSE is essential to the functioning of an airport, and is often undersupplied. Having its own maintenance facilities puts HiSERV ahead of its competitors, as it can provide customers with a superior full service proposition. Our local investment teams identified the opportunity to form a pan-European leader in an attractive industry and worked closely together to acquire three companies in a fully proprietary process. CVC DIF took a 90% stake in HiSERV in September 2024, and one month later acquired two other GSE leasing companies, based in Belgium and the Netherlands, to create a pan-European platform well placed for further expansion in Europe and beyond.

Since then, HiSERV has seen rental revenue growth of 14% since acquisition. The company has won contracts with existing and new customers, including a large sale-and-leaseback deal in Budapest. Building on this, the management team has identified even larger growth opportunities, including more sale-and-leaseback transactions and selective M&A.

CVC DIF is working with the team to develop the group strategy for the coming years, and is closely involved in the M&A activity, as well as supporting the business in increasing its capex facility and recruiting a chief financial officer.