CMS has advised DPE Deutsche Private Equity on the sale of its stake in the VTU Group to winning bidder Altor Fonds. Milbank and E+H advised Altor Fonds.
The transaction remains contingent on regulatory approval.
According to CMS, “DPE is selling its stake in the VTU Group, a leading European provider of engineering solutions for the life science industry based in Graz, to Altor Funds. The Swedish private equity firm, which invests in mid-sized companies with the aim of creating value through growth initiatives and operational improvements, prevailed in a bidding process.”
The CMS team included Austria-based Partners Alexander Rakosi, Jens Winter, and Dieter Zandler, Lawyers Florian Mayer, Marco Selenic, Mariella Kapoun, and Marlene Wimmer-Nistelberger, and Associates Christoph Birner, Shima Babanzadeh, Maximilian Uidl, and Thomas Aspalter; Romania-based Partner Rodica Manea and Associate Simona Strava; Poland-based Partner Blazej Zagorski and Senior Associate Magdalena Zmyslowska; with further team members in Germany, Switzerland, Italy, and Belgium.
The E+H team included Partners Philipp Schrader, Helmut Liebel, Jana Eichmeyer, and Laurenz Liedermann, Attorney at Law Steve Jeitler, and Associates Rene Renner, Titus Kahr, Florian Vidreis, and Adrian Walser.