Renzenbrink & Partner advises the shareholders of ALBA Baving Group on the sale to IK Funds

Renzenbrink & Partner advised the shareholders of ALBA Baving Group on the sale of five group companies to the IK Small Cap II Funds managed by IK Investment Partners as part of a structured sales process.

The ALBA Baving Group, headquartered in Neuenkirchen, is a leading provider of municipal services for the cleaning, maintenance and care of roads, infrastructure and properties.

The parties have agreed not to disclose any financial details of the transaction. Completion of the transaction is still subject to approval by the antitrust authorities.

The Renzenbrink & Partner team, which had previously advised on all transactions for the IK Small Cap Funds in Germany, was on the seller’s side this time and advised on all legal aspects of the sale process including the negotiation and structuring of a reverse participation. The team consisted of Dr. Ulf Renzenbrink, LL.M. (Corporate/M&A), Marc Holger Kotyrba (Tax) and Christopher Blumenthal (Corporate/M&A).