POELLATH advises Egeria on acquisition of isoplus Group
Going forward, the existing management will lead the company as co-owners and implement the growth strategy together with Egeria. The parties have agreed not to disclose details of the transaction. The transaction is still subject to the usual regulatory approvals. Closing is scheduled for the first quarter of 2022.
Founded in 1974 and based in Rosenheim/Munich, the isoplus Group is a leading provider of thermally insulated pipe systems, primarily for district heating systems, as well as sleeve mounting services and coating services for other industrial pipes and products. The company’s services include design, project management, production, construction supervision, installation, documentation and network monitoring. Isoplus has a broad customer base of local utilities, municipalities and construction companies, which it serves through a direct sales force. The company employs approximately 1,200 people and operates 8 production sites.
Egeria, an independent investment company specializing primarily in private equity, invests in medium-sized companies with an enterprise value of EUR 50 million to EUR 350 million. With around 12,500 employees, Egeria’s portfolio companies generate combined sales of more than EUR 2.4 billion. With Egeria as a new shareholder, the isoplus Group intends to further accelerate growth and develop the company into a leading provider of sustainable, environmentally friendly heating services throughout Europe.
POELLATH advised Egeria on the legal and tax aspects of the transaction, as well as the management participation, with the following Munich team:
- Dr. Michael Best (partner, lead, tax)
- Dr. Barbara Koch-Schulte (partner, M&A/private equity)
- Gerald Herrmann (partner, tax)
- Tobias Deschenhalm (senior associate, tax)
- Dr. Michael de Toma (associate, M&A/private equity)
- Cornelius L. Roth (associate, tax)
