DEAL ANNOUNCEMENT / PRESS RELEASE
September 10, 2024
Read time: 3 min
Frankfurt, September 10, 2024 – McDermott Will & Emery has advised VR Equitypartner GmbH on the sale of all shares in its portfolio company DILAX Intelcom GmbH to init innovation in traffic systems SE, a leading provider of integrated IT solutions for the public transport.
Founded in 1988, DILAX is an international data management specialist with headquarters in Berlin and locations in Switzerland, France, Spain, the UK, the USA and Canada. With around 160 employees, the company recently achieved a turnover of around €20 million.
VR Equitypartner, a subsidiary of DZ Bank, is one of the leading equity financiers in Germany, Austria and Switzerland. VR Equitypartner’s portfolio currently comprises around 40 commitments with an investment volume of €400 million.
The team advising VR Equitypartner was led by partner Michael Cziesla and counsel Krasen Krastev and included partner Heiko Kermer and Steffen Woitz, counsel Christian Marzlin, Laura Stammwitz and Marcus Fischer as well as associates Matthias M. Bosbach, Romy Lanz, Lisa-Marie Tillmanns and Sönke Wassermann.
