Fund advised by DPE Deutsche Private Equity, an independent German private equity firm with total assets under management of approximately three billion euros, and VTU Management have sold Austrian VTU Group to Altor Funds.
The Graz based VTU is a leading provider of engineering solutions in Europe, primarily for the life science industry and in the field of green transition, and has long-standing relationships with numerous global pharmaceutical companies. With approximately 1,200 employees, the VTU Group specialises in end-to-end engineering offerings and covers the entire EPCM(V) value chain (Engineering, Procurement, Construction Management and Validation) together with other value-added services such as green engineering, digitalisation and strategy consulting.
Altor Funds, which invests in mid-sized companies with the aim of creating value through growth initiatives and operational improvements, prevailed in a bidding process. The transaction is subject to customary approvals from competent authorities. The parties have agreed not to disclose further details of the transaction.
An international CMS team led by lead partner Hendrik Hirsch advised DPE on all transaction related aspects of the sale. The team included lawyers from Germany, Austria, Switzerland, Italy, Belgium and Poland. The Swiss team was formed by partner Stefan Brunnschweiler (corporate/m&a, pictured left) and associate Anna Mast (corporate/m&a, pictured right).
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