P+P advises Caldec on sale of Technogroup participation in Evernex

The sellers were the majority shareholder Vitruvian, which Technogroup acquired in 2017 from the Hamburg-based private equity firm Caldec and additional shareholders, as well as Caldec itself, which at that time reinvested in Technogroup with a minority stake.

P+P advised Caldec on the transaction, as it previously did on the sale in 2017. The transaction is still subject to the approval of the competent antitrust authorities.

Evernex is a global provider of third party maintenance ("TPM") services for data centers. The company is headquartered in France, maintains over 200,000 IT systems in approx. 160 countries and commands a global network of 34 branches.

Technogroup, established in 1990 and headquartered in Hochheim near Frankfurt, is the leading TPM provider in the DACH region and in Poland. Technogroup services over 5,000 customers in a wide variety of industries. The company employs almost 300 people in 50 service centers in Germany, Austria, Switzerland and Poland.

P+P Pöllath + Partners advised Caldec with the following Munich-based team:

• Philipp von Braunschweig (partner, lead, M&A/private equity) and
• Dr. Sebastian Rosentritt (senior associate, M&A/private equity)