EMZ Partners’ Majority Investment in Pipersberg

Latham & Watkins and Shearman & Sterling advised EMZ Partners on the deal.

European private equity firm EMZ Partners (EMZ) completed its majority investment in Hermann Pipersberg (Pipersberg). CEO Peter Fischer and the broader management team will reinvest a significant portion of their proceeds, increasing their stake in the Group’s share capital. The transaction is subject to regulatory approval and the parties have agreed not to disclose the terms of the transaction. 

Pipersberg, headquartered in Remscheid near Dusseldorf, Germany, manufactures, calibrates, certifies, and distributes gas and water meters, offering a comprehensive range of services from new meter installations, scheduled meter replacements, testing, repairs, and logistics. The company employs more than 120 people.

EMZ is a leading European investment firm that acts as a partner for medium-sized companies and their respective management teams. It focuses on investments in the DACH region as well as France with a clear intention to operate and support founders, family shareholders, and managers. EMZ is majority-owned by its own employees and has a base of European institutional investors. The current fund has a volume of more than €1.0 billion and its invest-ment size ranges up to €150 million.

The Latham team was led by Munich private equity partner Burc Hesse (Picture) and associates Stephan Hufnagel and Corinna Freudenmacher, with partner Sebastian Pauls and associate Philipp Gärtner. Advice was also provided on tax matters by Munich partner Stefan Süß and Hamburg associate Verena Seevers, on data privacy matters by Frankfurt associate Wolf-Tassilo Böhm, on real estate matters by Frankfurt partner Otto von Gruben and associate Jana Maué, on employment matters by Munich partner Tobias Leder and associate Christian Strauß, on IP matters by Frankfurt partner Susan Kempe-Müller and associate Pia Sösemann, and on antitrust matters by Frankfurt partner Max Hauser and associate Alisia Haber.

The Shearman & Sterling team was led by partner Winfried M. Carli and associate Daniel Wagner.

Involved fees earner: Wolf-Tassilo Böhm – Latham & Watkins; Corinna Freudenmacher – Latham & Watkins; Philipp Gärtner – Latham & Watkins; Alisia Maria Haber – Latham & Watkins; Sebastian Max Hauser – Latham & Watkins; Burc Hesse – Latham & Watkins; Stephan Hufnagel – Latham & Watkins; Susan Kempe-Mueller – Latham & Watkins; Tobias Leder – Latham & Watkins; Jana Maue – Latham & Watkins; Sebastian Pauls – Latham & Watkins; Verena Seevers – Latham & Watkins; Pia Sophie Sösemann – Latham & Watkins; Christian Strauß – Latham & Watkins; Stefan Süss – Latham & Watkins; Otto von Gruben – Latham & Watkins; Winfried Carli – Shearman & Sterling; Daniel Wagner – Shearman & Sterling;

Law Firms: Latham & Watkins; Shearman & Sterling;

Clients: EMZ Partners ;