P+P advises DPE on acquisition of majority interest in Erdo Group

Funds of the investment company DPE Deutsche Private Equity (DPE) have acquired a majority interest in the Dutch Erdo Group ("Erdo"), a leading supplier of roofing, facade elements and lightning protection solutions. The sellers were the managing partners of the Erdo Group. The transaction volume was not disclosed. The relevant competition authorities have already approved the transaction.

Erdo is the market leader for integrated solutions for flat roofs, claddings and lightning protection solutions and has customers in the Netherlands, Germany and Flanders in Belgium. The company focuses primarily on the maintenance and refurbishment market.

DPE is an independent German investment company that invests in medium-sized companies in Germany, Austria and Switzerland. DPE was founded in Munich in 2007 and has since launched three funds, advised and supervised by the P+P private funds team.

P+P Pöllath + Partners advised DPE with regard to the tax structure of the transaction with the following Munich-based team:

• Dr. Michael Best (partner, tax law)
• Gerald Herrmann (counsel, tax law)
• Dr. Anna Schiefelbein (associate, tax law)