P+P advises DPE on the sale of Elevion Group to ČEZ Group

July 2017

DPE Deutsche Private Equity sold the Elevion Group to ČEZ, a Czech energy company. The transaction is still subject to the approval of the antitrust authorities, but is expected to close in summer 2017.

DPE acquired a majority stake in the Elevion Group in 2011. Since then, the company has grown from a total of EUR 60 million to over EUR 330 million (2017e). Today, the Elevion Group has approx. 1,800 employees and is one of the leading suppliers of technical building equipment for commercial and industrial use in Germany.

The ČEZ Group is the largest energy group in Central and Eastern Europe and the largest electricity producer in the Czech Republic, with 8 million customers and market capitalization of EUR 9 billion.

DPE Deutsche Private Equity is an independent German investment company that invests in medium-sized companies in Germany, Austria and Switzerland. DPE was founded in Munich in 2007 and has since then launched three funds.

P+P Pöllath + Partners provided tax advice to DPE on the sale with the following Munich team:

Kilian Helmreich and Attila Oldag from Gütt Olk Feldhaus advised DPE with regard to the legal aspects.