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.

Munich, September 3, 2024 – McDermott Will & Emery has advised NORD/LB on the financing of the acquisition of mps public solutions (mps) by software investor Main Capital Partners. As a strategic partner, Main Capital Partners will support mps in its next growth phase through both organic and inorganic initiatives.

mps is a German Public Administration Software Provider. The core business of mps with its team of over 180 employees is financial administration software in the municipal market.

NORD/LB Norddeutsche Landesbank is one of Germany’s leading commercial banks. As an institute under public law, it is part of the S-Finance Group. Its core business segments include corporate customers, special financing in the energy and infrastructure sectors, financing commercial real estate via Deutsche Hypo, capital market business, association business with the savings banks and private and commercial customers including private banking.

The McDermott team was led by partners Ludwig Zesch and Matthias Weissinger and comprised counsel Maximilian Meyer and associate Lorenz Schwojer.

Munich, September 2, 2024 – McDermott Will & Emery is further expanding its private equity practice and is adding another counsel to the team. Alexandra Prato joins McDermott’s Munich office as of September 1, 2024.

Alexandra Prato advises private equity sponsors on national and cross-border M&A transactions. Her expertise covers a broad range of private equity transactions, including leveraged buyouts, carve-outs, joint ventures, minority investments and sale processes.

“We are delighted to have Alexandra Prato as another highly qualified colleague in our growing private equity team. We would like to extend a warm welcome to her,” says Holger H. Ebersberger, Co-Head of McDermott’s German private equity practice.

McDermott Will & Emery has strengthened its transactional practice in recent months with several lateral hires and currently has around 100 lawyers at its Frankfurt, Munich and Düsseldorf/Cologne offices.

Frankfurt, August 27, 2024 – McDermott Will & Emery has advised the Munich-based project developer CV Real Estate Group on the entry of a new main investor in the CANYON office real estate project in Frankfurt am Main. The new majority shareholder is a joint venture with Tite Street Capital (London) as co-investor. CV Real Estate is withdrawing from the project.

As part of a restructuring agreement, the project’s capital structure has been reorganized to reflect current market conditions. The existing senior debt will be fully maintained and extended on a long-term basis. A qualified subordinated shareholder loan from the new majority shareholder will provide continuity of funding during the prolongation period. A particular challenge was the complex financing structure of the project company, the large number of financiers and investors and the resulting need to balance the interests of the various stakeholders.

The City of Frankfurt granted planning permission for CANYON at Mainzer Landstrasse 23 just over a year ago. The CANYON will have 15 floors with approx.. 36,000 sqm of lettable space and is expected to achieve LEED Platinum and Wired Score certification.

The CV Real Estate Group is an owner-managed group of companies based in Munich that has been operating throughout Germany in the field of real estate project development and investment for many years.

McDermott advised CV Real Estate with a team led by Christoph Coenen and Kian Tauser and the support of Sebastian Bonk, Benedikt Schulz, Marcus Fischer and Michael Spirk.

Munich, August 20, 2024 – With a team led by Holger Ebersberger and Thomas Diekmann, McDermott Will & Emery represented Hannover Finanz-backed Lacon Group on its acquisition of Montronic GmbH & Co. KG.

The acquisition is part of Lacon’s buy-and-build strategy and is a strategic move to enhance its aerospace segment, leveraging Montronic’s proximity to key industry players.

Lacon Group, headquartered in Karlsfeld, is a leading EMS player with more than 700 employees across multiple locations in Germany and Romania. The group focuses on developing, optimizing, manufacturing and repairing electronic and electromechanical assemblies. Hannover Finanz acquired a majority stake in Lacon in 2019.

Montronic, based in Glinde, Germany, has been a provider of integrated solutions for electronics manufacturing for over 25 years, specializing in sectors such as aerospace, mechanical engineering, sensor technology and utility engineering.

The McDermott team was led by partner Holger H. Ebersberger and Thomas Diekmann and included Julia Külzer, Manuel Weiß, Armin Teymouri, Lukas Deutzmann, Tim Becker, Claus Färber, Adrian Helfenstein, Florian Schiefer, Ilva Woeste, and Steffen Woitz.