Noerr advises DBAG on acquisition of majority stake in R+S Group

30.03.2021

Noerr has advised private equity company Deutsche Beteiligungs AG (DBAG) on an investment in the R+S Group (R+S), with Georg Schneider and Robert Korndörfer acting as lead partners. R+S specialises in technical building services and generated revenues of around €360 million in 2020.

DBAG is acquiring shares in the current majority shareholder, conzima Construction GmbH, as part of the transaction. Haspa Beteiligungsgesellschaft für den Mittelstand mbH will remain invested as a minority shareholder. A management incentive scheme is also to be implemented.

R+S is a leading provider of technical building services. The company plans, manages and provides maintenance for projects, mainly in the fields of municipal construction, healthcare, industrial production and shipbuilding. R+S employs 3,000 staff at 30 locations in Germany. Around 500 work at the headquarters in Fulda (Hesse).

The transaction is subject to availability of financing and to approval by the antitrust authorities. It is expected to close in April.

Advisors to Deutsche Beteiligungs AG (DBAG): Noerr Partnerschaftsgesellschaft mbB

Dr Georg Schneider (Private Equity, lead), Robert Korndörfer (Corporate/M&A), Dr Benjamin Jahn (Employment, all Munich), Dr Nikolai Warneke (Banking & Finance, Frankfurt)

Associates: Julia Hecht (Private Equity, Munich), Dr Henrik Dornscheidt (Real Estate, Düsseldorf), Christian Kurz (Employment, Munich), Dr Fabian Radke (Banking & Finance, Frankfurt), Dr Diana Richter (Digital Business, Munich)

PR team


Private Equity
Corporate
Mergers & Acquisitions

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