POELLATH advises Swiss Life Asset Managers on the acquisition of Condecta AG

An infrastructure fund advised by Swiss Life Asset Managers (“Swiss Life”) has acquired Condecta AG (“Condecta”), the Swiss market leader in mobile infrastructure. The seller is the owner-managed German investment company, Paragon Partners (“Paragon”). Swiss Life intends to expand Condecta’s geographical presence and continue developing innovative, sustainable solutions. The management of the company will remain unchanged. The parties have agreed not to disclose the purchase price. POELLATH advised Swiss Life on German law matters in connection with the acquisition.

Founded in 1959 and based in Winterthur (Switzerland), Condecta AG is one of the largest providers of room systems, construction equipment and event services in Switzerland. In addition to construction machinery and equipment, the product portfolio also includes sanitary systems, containers for various purposes, water protection systems, ground protection systems and other products for construction, industry, events and public services. Condecta has 13 locations in Switzerland and one branch each in southern Germany and northern Italy. The company employs around 220 people.

Swiss Life is an international asset manager and leading specialist for real asset investments in the real estate and infrastructure sector. The company manages assets worth approximately CHF 117.5 billion and focuses on the energy, communications, transportation, social infrastructure and renewable energy sectors. Swiss Life has offices in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordic countries.

POELLATH advised Swiss Life on the transaction with the following team:

• Otto Haberstock (partner, lead, M&A/private equity, Munich)
• Dr. Marcel Guenoub (partner, real estate law, Berlin)
• Gerald Herrmann (associated partner, tax, Munich)
• Daniel Wiedmann (associated partner, antitrust/FDI, Frankfurt)
• Dr. Sebastian Rosentritt (counsel, M&A/private equity, Munich)
• Christine Funk (counsel, IP/IT, Frankfurt)
• Dr. David Hötzel (counsel, tax, Berlin)
• Marina Hennings (senior associate, real estate law, Berlin)
• Angelina Seelbach (senior associate, M&A/private equity, Munich)
• Moritz Löffler (senior associate, M&A/private equity, Munich)
• Florentine Wagner (associate, M&A/private equity, Munich)
• Daniel Hoppen (associate, antitrust/FDI, Frankfurt)
• Jannis Lührs (associate, tax, Munich)
• Marvin May (associate, employment law, Munich)