A Gleiss Lutz-Team advised H.I.G. Europe in connection with the acquisition of a majority interest in Infratech Bau GmbH. The parties have agreed not to disclose the purchase price. Closing of the transaction is subject to the customary regulatory clearances. The founders and managing directors of Infratech, Gregor Klaßen and Andreas Muchall, will remain in their management positions and retain a material share in the company.
H.I.G. Europe is the European arm of H.I.G. Capital, one of the leading global private equity funds in the small and midcap segment. With more than 400 investment professionals worldwide, H.I.G. Capital manages over EUR 36 billion of capital. H.I.G. Europe focuses on private equity investments in Europe, for which it has a European fund of EUR 1.1 billion at its disposal.
Infratech, which was formed in Meppen in 2007, is one of the leading general contractors for glass fibre civil engineering. The company constructs complex FTTH networks on behalf of public and private operators and has 75 highly qualified employees and a well-established and reliable partner network. In recent years, Infratech has achieved strong growth by connecting several thousand households and companies in northern and western Germany to high-speed internet. The expansion of FTTH networks as an attractive market offers considerable opportunities for growth and is further driven by the German government's aim to provide the majority of German households with high-speed internet in the next few years.
The following Gleiss Lutz team advised H.I.G. Europe on the transaction: Dr. Vanessa Rendtorff (counsel, Hamburg), Dr. Jan Balssen (partner, Munich, both lead), Dr. Stephanie Dausinger (Munich), Andrej Popp (Frankfurt, all Private Equity), Dr. Doris-Maria Schuster (partner), Dr. Daniela Mayr (both Employment), Dr. Johann Wagner (partner), Dr. Hendrik Marchal (counsel, both Tax), Dr. Johannes Niewerth (partner), Lesley Milde (all Hamburg), Konrad Discher (counsel, all Real Estate), Frank Schlobach (partner), Patrick Reuter (both Finance, all Frankfurt), Dr. Andreas Neun (partner), Dr. Thomas Fritsche, Kristina Müller (all Public Law, Berlin), Dr. Matthias Werner (counsel), Sebastian Girschick (both IP/IT), Dr. Manuel Klar (Data Protection, all Munich).
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