Deutsche Beteiligungs AG’s Investment in Dantherm Group A/S

Allen & Overy advised Deutsche Beteiligungs AG on the deal. Kromann Reumert advised Procuritas. Bech-Bruun has assisted DBAG Fund VIII, a private equity fund advised by Deutsche Beteiligungs AG.

Deutsche Beteiligungs AG (DBAG) invested in Dantherm Group A/S (Dantherm), a Danish provider of heating, ventilation and air conditioning technology.

DBAG Fund VIII, advised by DBAG, is acquiring the majority of the shares in Dantherm from a fund managed by Swedish private equity house Procuritas, through a management buy-out (MBO). DBAG wants to support Dantherm in pursuing its international buy-and-build strategy.

The Group’s management team will retain a stake in the company. Consummation of the purchase agreement is subject to approval by the competent antitrust authorities; closing is expected in the fourth calendar quarter of 2021. The parties have agreed not to disclose the terms of the sale.

Deutsche Beteiligungs AG, a listed private equity company, initiates closed-end private equity funds, and itself invests alongside those funds predominantly in well-positioned mid-market companies with development potential. For many years, DBAG’s focus has been on industrial sectors. A growing portion of DBAG’s equity investments is now deployed in the growth sectors of broadband/telecommunications, IT services/software and healthcare. DBAG Group’s assets under management or advisory amount to EUR 2.6 billion.

The Allen & Overy team comprised partners Dr Nils Koffka (Picture – Hamburg) and Dr Hendrik Röhricht, as well as counsels Dr Roman Kasten (all Private Equity), Boris Blunck and Dr Sebastian Schulz (both Employment & Benefits, all Frankfurt). Also involved are senior associates Dr Daniel Bolm (Real Estate, Hamburg), Catharina Glugla (Data Protection, Düsseldorf), Dr Marcus Mackensen (Private Equity) and Dr Ioannis Thanos (Antitrust, both Hamburg). Other team members are associates Laura Reuther, Denise Kammerer, Philipp Martin (all Frankfurt), Maximilian Steinhoff (Hamburg), Adriana Worms (Munich, all Private Equity), Barbara Angene, Lisa Wantzen (both Employment & Benefits), Hauke Jung (Real Estate, all Frankfurt), Anna Kräling (IP/IT, Düsseldorf), Dr Philipp Steinhäuser (Antitrust, Hamburg) and Dr Stephan Bühner (Public Law, Frankfurt).
Furthermore, teams from Allen & Overy offices in Italy, Poland, Russia, United Kingdom, Spain and France are involved. The italian team included Paolo Ghiglione, Antonio Ferri, Francesco Martello and Giorgia Giorgetti.
Bech-Brunn advises on Danish law, Walder Wyss advises on Swiss law.

DBAG’s in-house team comprises Florian Döring (general counsel) and Dr Matthias Döll (senior legal counsel).

The Kromann Reumert team included Jeppe Buskov, Frederik Jacob Estrup and Tobias Stilling.

The Bech-Bruun team was led by Thomas Gjøl-Trønning and Anders Hagstrøm.

Involved fees earner: Barbara Angene – Allen & Overy; Boris Blunck – Allen & Overy; Daniel Bolm – Allen & Overy; Stephan Bühner – Allen & Overy; Antonio Ferri – Allen & Overy; Paolo Ghiglione – Allen & Overy; Giorgia Giorgetti – Allen & Overy; Catharina Glugla – Allen & Overy; Hauke Jung – Allen & Overy; Denise Kammerer – Allen & Overy; Roman Kasten – Allen & Overy; Nils Koffka – Allen & Overy; Anna Kräling – Allen & Overy; Marcus Mackensen – Allen & Overy; Francesco Martello – Allen & Overy; Philipp Martin – Allen & Overy; Laura Reuther – Allen & Overy; Hendrik Röhricht – Allen & Overy; Sebastian Schulz – Allen & Overy; Maximilian Steinhoff – Allen & Overy; Ioannis Thanos – Allen & Overy; Lisa Wantzen – Allen & Overy; Adriana Worms – Allen & Overy; Thomas Gjøl-Trønning – Bech-Bruun; Anders Hagstrøm – Bech-Bruun; Jeppe Buskov – Kromann Reumert; Frederik Jacob Estrup – Kromann Reumert; Tobias Stilling – Kromann Reumert;

Law Firms: Allen & Overy; Bech-Bruun; Kromann Reumert;

Clients: DBAG FUND VIII; Deutsche Beteiligungs AG; Procuritas;

Author: Federica Tiefenthaler