A Gleiss Lutz team has advised H.I.G. Europe on the acquisition of a majority stake in the comcross group. The parties have agreed not to disclose the purchase price. The closing of the transaction is subject to customary regulatory approvals.
H.I.G. Europe is the European arm of H.I.G. Capital, one of the world's leading private equity funds in the small and mid-cap segment. With more than 400 investment professionals worldwide, H.I.G. Capital currently manages capital of more than USD 45 billion. H.I.G. Europe focuses on private equity investments in Europe
Founded in 2013, comcross Group is building the infrastructure for the digital future with leading network operators. The company with its more than 200 employees plans, implements and optimises high-performance communication infrastructures in radio and fixed networks and offers customised components as well as comprehensive overall solutions for the telecommunications, transport and energy sectors. Since 2016, comcross has been steadily expanding its presence in the growing Eastern European market with its partner company comcross croatia d.o.o..
The acquisition of the comcross Group took place via the portfolio company Infratech. Gleiss Lutz had also advised on the acquisition of this company by H.I.G. Europe. The highly complementary combination of the fibre optics specialist Infratech with the 5G specialist provider comcross now creates a leading service provider for digital infrastructure in Germany.
The following Gleiss Lutz team acted for H.I.G. Capital Europe on the transaction: Dr Vanessa Rendtorff (Counsel, Hamburg), Dr Jan Balssen (Partner, Munich, both Lead), Dr Stephanie Dausinger (Munich), Maximilian Imre (Stuttgart, all M&A/PE), Dr Doris-Maria Schuster (Partner), Dr Daniela Mayr (both Hamburg), Dr Hauke Darius Wolf (Frankfurt, all Employment), Dr Christian Hamann (Partner, Berlin), Dr. Manuel Klar (both Data Protection), Dr Matthias Werner (Counsel), Sebastian Girschick (both IP/IT, all Munich), Dr Johann Wagner (Partner), Dr Hendrik Marchal (Counsel, both Tax), Frank Schlobach (Partner), Dr Katja Lehr (both Finance), Konrad Discher (Counsel, Real Estate, all Frankfurt).
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