Renzenbrink & Partner advises the svt Group on the acquisition of DDL GmbH
10. April 2021svt, headquartered in Seevetal near Hamburg, is the leading European provider of passive fire protection products, installation and refurbishment services and generates annual sales of around EUR 200 million and EBITDA of over EUR 30 million with more than 900 employees worldwide.
DDL GmbH, based in Wernau am Neckar, specializes in the manufacture of pressure-tight pipe and cable penetrations. The company was founded in 2004 by the current salesman Klaus Uli Lutz and currently employs around 20 people.
The Renzenbrink & Partner team was led by Dr. Niels Maier and consisted of Dr. Ulf Renzenbrink (both Corporate/M&A), Marc H. Kotyrba and Marie Eikmeier (both Tax) as well as Vincent Faure (Corporate/M&A).
The acquisition of DDL GmbH is already the seventh acquisition (add-on) of the svt Group in the past five years. Renzenbrink & Partner has provided corporate and tax law advice on all add-on acquisitions. In the recently completed transfer of the svt Group to a so-called continuation fund advised by Ergon Capital Management S.A., the previous owner, Ergon Capital Partners III S.A., also relied on a team led by Dr. Ulf Renzenbrink& Partner.