Renzenbrink & Partner advised funds advised by IK Investment Partners on the sale of svt Group to Ergon Capital Partners
29. November 2017As part of a structured bidding process, funds advised by IK Investment Partners have sold all shares in the svt Group to Ergon Capital Partners. Completion of the transaction is still subject to approval by the antitrust authorities. The parties have agreed not to disclose the financial details of the transaction.
The svt group of companies, headquartered in Seevetal, was founded in 1969 and is one of the leading manufacturers of state-of-the-art fire protection products and systems and offers comprehensive services in passive fire protection and damage restoration. The company has over 30 locations in Germany and employs more than 450 people.
Renzenbrink & Partner has already comprehensively advised the funds advised by IK Investment Partners on the acquisition of svt Group. Furthermore, Renzenbrink & Partner was mandated by svt Group on the add-on acquisition of AIK. As part of the current sales process, Renzenbrink & Partner advised on all legal and tax aspects of the transaction.
The buyer, Ergon Capital Partners, is also a close client of Renzenbrink & Partner. The law firm advised Ergon Capital Partners on the acquisition of the Sausalitos Group and on the acquisition of Deutsche Intensivpflege Holding.
The Renzenbrink & Partner team consisted of partners Dr. Ulf Renzenbrink, Dr. Andreas Stoll (both Corporate/Private Equity) and Marc H. Kotyrba (Tax) as well as associates Dr. Niels Maier, Alexander Haunschild (both Corporate/M&A), Florian Seitz (Tax) and Martin Degenhard (Corporate/Private Equity).