Renzenbrink & Partner advises shareholders of ALBA Baving Group in respect of the sale to IK Funds
10 November 2020
Renzenbrink & Partner advised the shareholders of ALBA Baving Group on the sale of a total of five companies to IK Small Cap II Funds managed by IK Investment Partners and their re-investment. The sale took place in a structured auction process.
ALBA Baving Group with its headquarters in Neuenkirchen, is a leading provider of infrastructure cleaning and maintenance services for municipalities.
The financial terms of the transaction were not disclosed. The closing of the transaction is still subject to approval by the antitrust authorities.
The Renzenbrink & Partner team, which had previously advised IK Small Cap Funds on all transactions in Germany, advised on all legal aspects of the sales process including the negotiation and structuring of a re-investment. The team consisted of Dr Ulf Renzenbrink, LL.M. (Corporate/M&A), Marc Holger Kotyrba (Tax) and Christopher Blumenthal (Corporate/M&A).