POELLATH advises Deutsche Private Equity on sale of SERCOO Group
Funds advised by DPE Deutsche Private Equity Management III GmbH (“DPE”) have sold their stake in SERCOO Group, one of the leading German service providers for operators of biogas plants and combined heat and power plants and the corresponding engine technology. The buyer was the technical building equipment supplier and energy service provider Elevion Group. The parties have agreed not to disclose the financial details of the transaction. POELLATH provided tax advice to DPE in connection with the transaction.
SERCOO Group, founded in 2014 and based in Lingen (Ems), Lower Saxony, is one of Germany’s leading service providers in the energy and industrial services sector, covering the entire value chain of biogas plants, CHP units and engines, as well as rotating equipment.
DPE acquired a stake in the former BU Bücker & Essing GmbH in 2014 as part of a buy-and-build strategy aimed at creating a leading German technical service provider for the energy transition. Within the past 9 years, they have successfully acquired and integrated eight companies. As a result, the corporate group has significantly increased its range of services, as well as the depth of added value.
Today, SERCOO Group is one of the leading one-stop-shop providers in this field and thus contributes significantly to the expansion of an independent and decentralized energy supply, as well as to the sustainable reduction of CO2 emissions.
DPE is an independent German investment company and one of the largest growth capital providers in Germany. DPE invests in medium-sized companies in Germany, Austria and Switzerland and focuses on industries with positive, long-term development prospects. DPE was founded in 2007 and has since invested in 40 companies that have completed over 100 add-on acquisitions and today employs more than 10,000 people. DPE has total assets under management of approximately EUR 3 billion.
POELLATH advised DPE on the tax aspects within the context of the sale with the following Munich team: