P+P advises VTC on acquisition of majority stake in Bilfinger Mars Offshore

The engineering and services group Bilfinger severs its activities for the production and installation of offshore foundations. Through its subsidiary Europoles Renewables GmbH, VTC Group München acquired 62.5% of the shares in Polish company Bilfinger Mars Offshore from Bilfinger SE.

The joint venture manufactures steel foundations for offshore wind turbines in Stettin, Poland. The Polish sovereign wealth fund Mars remains invested as a minority shareholder with its 37.5% share.

P+P Pöllath + Partners advised the VTC group with the following team:

• Dr. Frank Thiäner (lead partner, M&A/private equity, Munich)
• Alexander Pupeter (partner, tax, Munich)
• Dr. Jens Linde (counsel, finance, Frankfurt)
• Michael Schuhmacher (senior associate, finance, Frankfurt)
• Dr. Tim Junginger (associate, M&A/private equity, Munich)

The Polish firm DJBW (Radosław Biedecki, attorney) supported P+P.

The German industrial holding group VTC has a turnover of EUR 600 M and 3,300 employees. P+P Pöllath + Partners also recently advised the group on the investment in Global Castings Stade GmbH and on the sale of Prontor VTC.