POELLATH advises Adcuram on carve-out from MEA Group

Since ADCURAM joined the group in 2018, the now divested division has been strategically strengthened by the construction of a new plant in Pilsen (Czech Republic, CZ) and the acquisition of a company in the stainless steel sector. ADCURAM also actively supported MEA’s management in the professionalization of processes and organizational independence.

After this sale, MEA will concentrate on the water management and building systems divisions and thus focus on the increasing demand for intelligent drainage solutions (including protection against heavy rain), as well as ventilation and illumination systems for basements. With its international positioning and sales of around EUR 100 million, MEA is one of the leading companies in these sectors.

Based in Munich, ADCURAM is a privately-owned industrial group that acquires companies with potential. For the future growth of the group, the well-capitalized industrial holding company has a total of EUR 300 million available for acquisitions. With the help of its own team of 40+ experts, the industrial holding company continues to develop its investments strategically and operationally. With nine holdings and more than 4,000 employees worldwide, the group generates a combined turnover of approximately EUR 700 million.

POELLATH again comprehensively advised ADCURAM on the legal and tax aspects of the transaction with the following cross-location team:

• Dr. Frank Thiäner (partner, co-lead, M&A, PE)
• Dr. Tim Junginger (partner, co-lead, M&A, PE)
• Gerald Herrmann (partner, tax, Munich)
• Christine Funk (counsel, IP/IT, Frankfurt aM)
• Marina Hennings (senior associate, real estate, Berlin)
• Dr. Jens Linde (associated partner, financing, Frankfurt aM)
• Torben Busch (associate, M&A, PE, Munich)