POELLATH advises VTC on acquisition of Hürner Luft- und Umwelttechnik GmbH
Munich-based private equity firm VTC has acquired Hürner Luft- und Umwelttechnik GmbH (“HLU”), a leading manufacturer of plastic fans and system provider of supply and exhaust air systems and related equipment with a focus on industrial processed air. As part of the transaction, CEO Dr. Ralph-Dieter Schrey has acquired a stake in the acquisition company. With its sustainable, entrepreneurial approach, VTC will support the company in its ongoing growth. Therefore, additional investments are planned, including in internationalization, product range expansion and additional production capacity. POELLATH comprehensively advised VTC on all legal and tax matters in connection with the transaction.
Headquartered in Mücke-Atzenhain (near Giessen), HLU’s business primarily consists of product business (plastic fans), system business (supply and exhaust air systems, air scrubbers, heat exchangers, etc.) and service and maintenance business. HLU’s customer base comprises companies in the semiconductor, electroplating, chemical and pharmaceutical industries, as well as laboratories and the food and beverage industry. The company employs more than 180 people and, in addition to three locations in Germany, has three subsidiaries in China, Singapore and Malaysia, as well as partners in Europe and overseas.
VTC is an independent private equity firm owned by its management. It primarily supports companies in a partnership-based approach to drive sustainable growth. VTC’s focuses its investments in Germany and neighboring countries. With its current five group companies, VTC has a turnover of EUR 600 million and employs more than 3,500 people.
POELLATH advised VTC on all legal and tax matters related to the acquisition with the following team:
- Dr. Frank Thiäner (partner, lead, M&A/private equity, Munich)
- Gerald Herrmann (associated partner, tax, Munich)
- Daniel Wiedmann (associated partner, distribution law and antitrust, Frankfurt)
- Dr. Daniel Elbel (counsel, real estate, Berlin)
- Dr. Dominik Gerlicher (counsel, M&A/private equity, Munich)
- Dr. David Hötzel (counsel, tax, Berlin)
- Marina Hennings (senior associate, real estate, Berlin)
- Till Schwichtenberg (senior associate, M&A/private equity, Munich)
- Torben Busch (associate, M&A/private equity, Munich)
- Daniel Hoppen (associate, distribution and antitrust, Frankfurt)
- Jannis Lührs (associate, tax, Munich)
