Deloitte Legal advises Implenia on the planned sale of its Maintenance Business
A Deloitte Legal team led by the Düsseldorf M&A partners Michael von Rüden and Dirk Hänisch (both lead partners) advised SIX Swiss Exchange-listed Implenia Group, one of Switzerland's leading construction and real estate services companies, on the planned sale of German-based Implenia Instandsetzung GmbH to Karrié Bau GmbH & Co. KG.
The transaction, which was signed on April 16, 2021 and is scheduled for closing on May 31, 2021, comprises the transfer to Karrié Bau of the maintenance and repair business, including all 199 employees, premises and ongoing projects. Implenia is selling its maintenance and repair business in line with its strategy of focusing on its defined core portfolio.
As part of the transaction, the framework was created for a seamless carve-out of the maintenance division and its successful continuation by Karrié Bau.
By way of a combination of first-class legal advice, transaction experience and goal-oriented communication the Deloitte Legal team was able to contribute to the success of the transaction.
The close cooperation with colleagues from Deloitte Corporate Finance and Deloitte Transaction Services Switzerland and Deloitte Tax Germany enabled comprehensive interdisciplinary advice on all commercial, legal and tax aspects essential to the transaction.
Deloitte Legal: Dr. Michael von Rüden und Dirk Hänisch (lead partners, Corporate/M&A), Thilo Hoffmann (counsel), André Giesen (senior associate, all Corporate/M&A, Düsseldorf)
Deloitte Corporate Finance and Transaction Services, Switzerland: Stephan Brücher, Benjamin Lechuga, Maximilian Hornung, Nicolas Bornitz
Deloitte Tax: Fabian Borkowski
Advisors Karrié Bau GmbH & Co. KG:
EY Law: Dr. Thorsten Erhard, Dr. Robert Schiller, Dr. Timo Rinne
EY: Christoph Serf, Hagen Reiser, Jan-Hendrik Pirwitz, Thorsten Schneider, Tobias Kampmann
As Switzerland’s leading construction and real estate service provider, Implenia develops and builds homes, workplaces and infrastructure for future generations in Switzerland and Germany. It also plans and builds complex infrastructure projects in Austria, France, Sweden and Norway. Formed in 2006, the company can look back on around 150 years of construction tradition. The company brings together the know-how of its highly skilled consulting, planning and execution units under the umbrella of an integrated leading multi-national construction and real estate service provider. With its broad offering and the extensive experience of its specialists, the Group can realise complex major projects and provide customer-centric support across the entire life-cycle of a building or structure. It focuses on customer needs and on striking a sustainable balance between commercial success and social and environmental responsibility. Implenia, with its headquarters in Opfikon near Zurich, employs more than 8,500 people in Europe and posted revenue of almost CHF 4 billion in 2020. The company is listed on the SIX Swiss Exchange. More information can be found at implenia.com.
About Implenia Instandsetzung GmbH
Implenia Instandsetzung is a leading full-service partner in Germany for the refurbishment of buildings, infrastructure or parts thereof.
Deloitte Legal berät bei der Veräußerung der YellowFox GmbH an einen Private Equity Fonds der ECM/German Equity Partners sowie Rückbeteiligung der Gründer und des Managements.
Von der strategischen Planung über die Strukturierung und Verhandlung bis hin zur Umsetzung eines Deals.