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Sale of Road Safety & Infrastructure Services specialist: Investec has advised Finatem on the sale of GfS to GroundBirds BV backed by IceLake.

About the deal

GfS – Gesellschaft für Straßenunterhaltung mbH (“GfS”) is a specialized German provider of road infrastructure and traffic safety services, focusing on the installation and maintenance of guardrail systems and related road safety solutions.

GroundBirds is a group of infrastructure maintenance specialists, active in asphalt maintenance, marking and lining, traffic management and road lighting.

Finatem signed an agreement to sell GfS to GroundBirds BV backed by IceLake. The transaction supports GfS’ next phase of development and provides a strong platform to further strengthen capabilities, expand service coverage and pursue attractive growth opportunities.

“”

Investec guided us through a highly professional and clearly structured process from the outset through to closing. The team combined strong execution with clear communication and a pragmatic approach, which was instrumental in achieving a very successful outcome for GfS and our shareholders.

– Michael Matzka, CEO, GfS

What we did

Investec acted as exclusive sell-side M&A advisor to Finatem on the sale of GfS, providing comprehensive support throughout the entire transaction process – from initial positioning as a platform in a fragmented and growing end market with buy-and-build potential and conducting a dedicated lender education to support financing readiness, to managing the investor approach, coordinating key workstreams, and supporting the due diligence and negotiation phases through to closing.

Deal Type
Target Headquarter
Date
February 2026
Parties

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