P+P advises Maxburg Capital Partners on the acquisition of majority stake in ASUP group
Funds advised by Maxburg Capital Partners acquired a majority stake in the ASUP group.
With the RAG Foundation as cornerstone investor, the Munich-based investment holding company thereby makes an investment along with the managing partners, who have reacquired a significant stake.
ASUP was founded in 1999 and is now the largest value-added distributor for consumer goods for restoration, waste disposal and construction companies, as well as an important vendor and rental company for specialized restoration equipment in Germany.
ASUP GmbH is headquartered in Seevetal and has more than 70 employees in four locations in Germany and Switzerland. The company specializes in marketing products and solutions for compliance with health and safety regulations in the workplace regarding safe handling of hazardous materials. ASUP Technik GmbH, an affiliate that is also based in Seevetal, is an established full-service provider for industrial, ship-related and corrosion protection supplies.
Maxburg Capital Partners is an investment management company that focuses on German-speaking regions. Funds advised by Maxburg concentrate on long-term investments in profitable, medium-sized companies that pursue stable and sustainable appreciation.
With the following Munich-based team, P+P Pöllath + Partners advised Maxburg Capital Partners on legal and tax matters related to the design and implementation of the acquisition structure:
- Dr. Michael Best (lead, partner, tax)
- Otto Haberstock (partner, M&A)
- Gerald Herrmann (counsel, tax)
- Daniel Oschmann (associate, M&A)
