POELLATH advises DPE on sale of the Primutec Group
Funds advised by DPE Deutsche Private Equity (“DPE”) have sold their stake in the Primutec Group (“Primutec”), a Dutch and German corporate group specializing in services for building envelopes. The buyer is Trill Impact, a leading European impact house with assets under management of around EUR 1.3 billion. POELLATH advised DPE on tax matters in connection with the transaction.
Based in Capelle aan den IJssel (Netherlands), the Primutec Group is a leading provider of building envelope services with a focus on roofing, lightning protection, photovoltaics and green roofs. Its services include technical planning and consulting, its own certified installation teams, and renovation and preventive maintenance. The company’s customer base includes general contractors and housing associations in the Netherlands, as well as property developers, industrial companies, and commercial enterprises in Germany. Primutec employs approximately 1,240 people at 42 locations in Germany and the Netherlands.
DPE is an independent German investment company and one of the largest growth capital providers in Germany. The company invests in medium-sized companies in the DACH region and focuses on industries with positive long-term development prospects. DPE currently has total assets under management of approximately EUR 3 billion.
POELLATH advised DPE on the tax aspects of the sale with the following Munich-based team:
- Dr. Michael Best (partner, tax)
- Dr. Tobias Deschenhalm (counsel, tax)