Clifford Chance advised Safety & Technical Supplies Group, while Poellath advised Maxburg Capital Partners on the deal.
Safety & Technical Supplies Group (STS), a portfolio company belonging to an investment company advised by Maxburg Capital Partners, Maxburg Beteiligungen, was completely refinanced and acquired three French targets (SMH, AB Equipements and Agirent) as add-ons in the course of this refinancing.
STS is the leading B2B distributor of personal protective equipment and technical equipment in the remediation and decontamination sector. The company distributes over 14,800 products with a high proportion of private label brands to over 12,000 customers. STS also includes ASUP GmbH, the market leader in the DACH region, which has also established a strong presence in France. The acquisition of the three French companies SMH, AB Equipements and Agirent is expected to further strengthen the group’s existing market position.
Maxburg is an investment management company focused on the German-speaking region, which invests with a flexible mandate along the capital structure in both privately held and listed companies. The Maxburg investment companies have total capital commitments of around EUR 600 million at their disposal.
The Poellath team was led by Gerald Herrmann (Picture), with Tobias Deschenhalm.
The Clifford Chance team included Partner Steffen Schellschmidt, Senior Associate Dr. Philip Rosak (Frankfurt) and transaction lawyer Christoph Finsterwalder (Münich, all Finance), Partner Pierre-Benoit Pabot du Châtelard and Associate Guilhem Dardoize (both Finance), from the Paris office.
Involved fees earner: Guilhem Dardoize – Clifford Chance; Christoph Finsterwalder – Clifford Chance; Pierre-Benoît Pabot du Chatelard – Clifford Chance; Philip Rosak – Clifford Chance; Steffen Schellschmidt – Clifford Chance; Tobias Deschenhalm – P+P Pöllath + Partners; Gerald Herrmann – P+P Pöllath + Partners;