Allen & Overy advises DBAG on investing in Dantherm Group
24 August 2021
DBAG Fund VIII, advised by DBAG, is acquiring the majority of the shares in Dantherm from a fund managed by Swedish private equity house Procuritas, through a management buy-out (MBO). DBAG wants to support Dantherm in pursuing its international buy-and-build strategy.
The Group’s management team will retain a stake in the company. Consummation of the purchase agreement is subject to approval by the competent antitrust authorities; closing is expected in the fourth calendar quarter of 2021. The parties have agreed not to disclose the terms of the sale.
Deutsche Beteiligungs AG, a listed private equity company, initiates closed-end private equity funds, and itself invests alongside those funds predominantly in well-positioned mid-market companies with development potential. For many years, DBAG’s focus has been on industrial sectors. A growing portion of DBAG’s equity investments is now deployed in the growth sectors of broadband/telecommunications, IT services/software and healthcare. DBAG Group’s assets under management or advisory amount to EUR 2.6 billion.
The Allen & Overy team comprises partners Dr Nils Koffka (Hamburg) and Dr Hendrik Röhricht, as well as counsels Dr Roman Kasten (all Private Equity), Boris Blunck and Dr Sebastian Schulz (both Employment & Benefits, all Frankfurt). Also involved are senior associates Dr Daniel Bolm (Real Estate, Hamburg), Catharina Glugla (Data Protection, Düsseldorf), Dr Marcus Mackensen (Private Equity) and Dr Ioannis Thanos (Antitrust, both Hamburg). Other team members are associates Laura Reuther, Denise Kammerer, Philipp Martin (all Frankfurt), Maximilian Steinhoff (Hamburg), Adriana Worms (Munich, all Private Equity), Barbara Angene, Lisa Wantzen (both Employment & Benefits), Hauke Jung (Real Estate, all Frankfurt), Anna Kräling (IP/IT, Düsseldorf), Dr Philipp Steinhäuser (Antitrust, Hamburg) and Dr Stephan Bühner (Public Law, Frankfurt).
Furthermore, teams from Allen & Overy offices in Italy, Poland, Russia, United Kingdom, Spain and France are involved. Bech-Brunn advises on Danish law, Walder Wyss advises on Swiss law.
DBAG’s in-house team comprises Florian Döring (general counsel) and Dr Matthias Döll (senior legal counsel).