Renzenbrink & Partner advises IK Partners on the acquisition of MÜPRO Group from Perusa
25 May 2022
Renzenbrink & Partner supported IK IX Funds advised by IK Partners (“IK”) on the acquisition of MÜPRO Group (“MÜPRO”).
IK has signed an agreement to acquire MÜPRO from Perusa Partners Fund II L.P. (“Perusa”), which is advised by Perusa Partners. The management team will (re-) invest alongside IK. The financial terms of the transaction were not disclosed. The closing of the transaction is subject to regulatory approvals.
MÜPRO, founded in 1964, is a Wiesbaden, Germany, based specialist supplier and distributor of pipe fastening technology for technical building equipment, sanitary, heating, ventilation and air conditioning (“SHVAC”). MÜPRO has a comprehensive and modular product portfolio that meets requirements such as sound insulation, fire protection and corrosion resistance. MÜPRO operates in a growing market driven by the need for investment and retrofit of SHVAC equipment to increase energy efficiency and improve building-related decarbonization.
By partnering with IK, MÜPRO now aims to expand its presence in existing markets, continue digitization, expand into adjacent regions, and drive market consolidation.
Renzenbrink & Partner advised IK on the German legal and tax aspects of the transaction (including the management participation) with a team consisting of partners Dr. Ulf Renzenbrink (Corporate/ PE), Marc H. Kotyrba (Tax/ PE), Dr. Andreas Stoll (Corporate/ PE) and Dr. Dennis Schlottmann (Corporate/ PE) as well as the senior associates Dr. Alexander Haunschild (Corporate/ PE) and Dr. Toufic Schilling (Tax/ PE) and the associates Marie Eikmeier (Tax/ PE), Malte Pulmer (Corporate/ PE) and Eike Rabenberg (Corporate/ PE).