Oakley Capital, a pan-European private equity investor, is investing in Infravadis, a tech-enabled platform focused on the >€25bn European Underground Infrastructure Maintenance (UIM) market, through its Oakley Capital Origin Fund II.
The investment marks the first step in a buy-and-build strategy to create a category leader in this essential and highly fragmented sector.
Infravadis will be led by an experienced team including incoming Chairman Axel Granitz, former CEO of property damage control specialist Polygon. The company’s ambition is to become Europe’s first tech-enabled UIM leader by combining operational excellence with a scalable, digital-first approach.
As its first acquisition, Infravadis has acquired a majority stake in Frankfurt-based Abfluss Schäfer Group, a sewage cleaning, pipe inspection and repair services provider.
Led by founder and CEO Michael Legère, the company serves both commercial and residential customers and has achieved over 20% annual revenue growth over the last eight years, which has been underpinned by a fully digitised workflow system that has driven industry-leading profitability, a model that Infravadis plans to replicate across future acquisitions. Legère will continue to lead AS and support the wider strategy.
Following this first acquisition, Infravadis is now focused on expanding its regional footprint in Germany and is actively pursuing a deep M&A pipeline. Oakley will support Infravadis by leveraging its expertise in buy-and-build strategies and helping to develop and scale the platform.
This investment opportunity was sourced on a bilateral basis through Oakley’s network. The transaction is expected to close in Q2 2025.
