Milbank Advises Shareholders of Engelmann Sensor on their Sale to DPE

Milbank advised capiton, Nord Holding, family Brendecke and the management team of Engelmann Sensor, a leading European manufacturer in the smart heat metering industry, on their sale to DPE, a leading mid-market buy-out investor.

Engelmann is the leading European manufacturer of smart heat meters for the sub-metering industry. In recent years, Engelmann has continuously strengthened its market positioning by evolving its comprehensive product portfolio towards becoming the preferred system provider in the market.

Engelmann has 170 employees with assembly sites at its headquarters in Wiesloch, Germany, as well as in Suining, China, and generated revenues north of €45 million in FY20/21. Driven by regulatory enforcements and the overall climate goal for decarbonisation, the roll-out of smart meters is expected to significantly contribute towards Engelmann’s further growth in upcoming years.

Nord Holding and capiton acquired Engelmann in 2014. Key milestones during this time have been the successful development of a new management team, the improvement of operational efficiencies, as well as new product launches and successful client diversification.

The financial terms of the transaction have not been disclosed and the transaction remains subject to approval from the relevant competition authorities.

Milbank advised the shareholders of Engelmann on all corporate/M&A, antitrust and tax law aspects of the transaction.

The Milbank team was led by partner Dr. Martin Erhardt (Corporate/M&A) and included the partners Dr. Thomas Kleinheisterkamp (Tax) and Dr. Alexander Rinne (Antitrust) as well as special counsel Dr. Michael Pujol (Corporate/M&A) and the associates Johannes Rogge-Balleer, Josef Wittmann (both Corporate/M&A), Dr. Nils Bremer (Antitrust, all Munich) and Dr. Gerrit Merkel (Finance, Frankfurt).

Über Milbank LLP

Milbank LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York over 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives. To learn more about Milbank and its attorneys, please visit www.milbank.com or follow us on LinkedIn, Twitter and Instagram.

Firmenkontakt und Herausgeber der Meldung:

Milbank LLP
Neue Mainzer Straße 74
60311 Frankfurt am Main
Telefon: +49 (69) 71914-3400
Telefax: +49 (69) 71914-3500
http://www.milbank.com

Ansprechpartner:
Funda Samasaz
Manager Marketing & Communications (Germany)
Telefon: +49 (69) 71914-3481
E-Mail: fsamasaz@milbank.com
Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.

counterpixel