Renzenbrink & Partner advised svt Group on the deal.
svt, headquartered in Seevetal near Hamburg, Germany, is the leading European provider of passive fire protection products as well as installation and restoration management services with more than 900 employees worldwide generating annual revenues of approx. EUR 200m and an EBITDA in excess of EUR 30m.
DDL GmbH, based in Wernau am Neckar, specializes in the development, production and sale of wall bushings (Wanddurchführungen), pipe bushings (Rohrduchführungen) and cable bushings (Kabeldurchführungen) for the construction industry and clients active in the utilities and waste management business. DDL GmbH was founded in 2004 by the seller, Klaus Uli Lutz, and currently employs about 20 people.
The Renzenbrink & Partner team was led by Dr. Niels Maier (Picture) and comprised Dr. Ulf Renzenbrink, Marc H. Kotyrba, Marie Eikmeier and Vincent Faure.
Involved fees earner: Marie Eikmeier – Renzenbrink & Partner; Vincent Faure – Renzenbrink & Partner; Marc Holger Kotyrba – Renzenbrink & Partner; Niels Maier – Renzenbrink & Partner; Ulf Renzenbrink – Renzenbrink & Partner;
Law Firms: Renzenbrink & Partner;
Clients: svt Group of Companies;