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Allen & Overy advises Riverside on the sale of REPA

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Allen & Overy has advised global investor The Riverside Company (Riverside) on the sale of its portfolio company REPA to PT Holdings.

REPA is a leading distributor of spare parts for professional kitchens, coffee and vending machines in Europe. During the course of its five-year investment, Riverside built REPA into a European market leader, with an expanding global footprint. In addition to continuous organic growth, the company successfully acquired and integrated six add-on acquisitions in Italy, Spain, UK, Austria, and Australia. The company employs over 700 people at 13 international locations and several automated warehouses. Members of the REPA Group are LF (Italy), GEV (Germany), EPGC (France), Atel (Italy) and CCS (UK).

PT Holdings is a U.S. distributor of repair and maintenance parts for the foodservice industry, backed by Berkshire Partners.

Riverside, a global private investor, is focusing on investments in growth companies with a value of up to 400 million US dollars. Since its launch in 1988, Riverside has executed more than 800 investments. The firm’s international investments through its private equity and structured capital portfolios encompass more than 140 companies.

The international Allen & Overy team was led by partner Dr Astrid Krüger and associates Johannes Graßl and Adriana Worms, and further comprised partners Dr Hendrik Röhricht (all Private Equity, Munich), Dr Heike Weber (Tax), Dr Hans-Peter Löw (Employment, both Frankfurt), Dr Börries Ahrens (Antitrust, Hamburg), Fabian Beullekens (Private Equity, Luxembourg), Dave Lewis (Tax) and Stephen Besen (Corporate/M&A, both New York). Furthermore, the team consisted of counsel Dr Sebastian Schulz (Employment, Frankfurt), senior associate Heiner Mecklenburg (Antitrust, Hamburg), associates Lisa Wantzen and Barbara Angene (both Employment, Frankfurt) as well as senior transaction officer Laura Thiel (Corporate/M&A, Frankfurt). Other colleagues from the Allen & Overy offices in Budapest, Luxembourg, Milan, Moscow and New York were also involved.

Allen & Overy has already advised Riverside on various occasions – just last year on the sale of its stake in ACTINEO and in connection with the IPO of Bike24.