POELLATH advises Egeria on sale of ISOPLUS to Viessmann Generations Group
The independent investment firm Egeria has sold its stake in the ISOPLUS Group (“ISOPLUS”), a leading European player in the district heating and cooling sector, to the Viessmann Generations Group (“Viessmann”). The investment highlights Viessmann’s continued commitment to promoting the energy transition by expanding infrastructure to facilitate decarbonization in Europe. The parties have agreed not to disclose the purchase price. The closing of the transaction is still subject to the customary regulatory approvals. POELLATH advised Egeria on legal and tax matters in connection with the sale.
ISOPLUS, based in Rosenheim near Munich, is a leading European supplier of energy-efficient, pre-insulated pipes, primarily for district heating and cooling applications. The corporate group operates in more than 30 countries and employs more than 1,500 people across Europe. Egeria acquired a majority stake in ISOPLUS in January 2022.
Founded in 1917, the family-owned company Viessmann has grown into a global, broadly diversified group. All activities are based on the company’s mission statement “We design living spaces for future generations” – this is the passion and responsibility that drives the members of the large, global Viessmann family every day.
Egeria, an independent investment company specializing primarily in private equity, invests mainly in medium-sized companies with an enterprise value of up to EUR 350 million. Egeria’s private equity portfolio includes investments in 21 companies with over 13,000 employees and a turnover of around EUR 3 billion.
POELLATH advised Egeria on the legal and tax aspects of the transaction with the following Munich-based team
- Dr. Barbara Koch-Schulte (partner, M&A/private equity, management participation)
- Dr. Michael Best (partner, structure/tax)
- Dr. Tobias Deschenhalm (counsel, structure/tax)
- Dr. Michael de Toma (senior associate, M&A/private equity, management participation)
- Dr. Maximilian Link (associate, M&A/private equity, management participation)
- Cornelius L. Roth (associate, structure/tax)
