P+P advises ADCURAM on sale of Bien-Zenker Group to Equistone

P+P Pöllath + Partners advised the Munich-based industry group ADCURAM Group AG on the sale of their shares to the prefab house groups Bien-Zenker and Hanse Haus. The buyer is the investor Equistone Partners Europe.

Adcuram acquired the listed company Bien-Zenker AG in 2013 and then took it off the capital market by way of a squeeze-out and delisting. In 2014, Schörghuber Group acquired Hanse Haus. Most recently, Bien-Zenker expanded the company group by acquiring the independent brand Living Haus with its prefab housing concept.
The group companies design, produce, sell and build prefab houses in Germany, Switzerland and the UK.

ADCURAM Group AG is headquartered in Munich and acquires companies with potential and further develops them in an active and sustainable manner.

P+P Pöllath + Partners advised ADCURAM on the sale with the following Munich-based team:

• Dr. Frank Thiäner (partner, private equity /M&A)
• Dr. Matthias Bruse (partner, private equity/M&A)
• Alexander Pupeter (partner, tax)
• Philipp Kopp (associate, private equity/M&A)

P+P previously advised ADCURAM on the sale of the IMA Klessmann Group to Schelling Anlagenbau, on the sale of Duran to One Equity Partners, and also on the sale of the Hennecke Group to Capvis Funds.