PT Holdings’ Acquisition of REPA from Riverside

Allen & Overy has advised global investor The Riverside Company on the deal. Weil has advised Berkshire Partners-backed PT Holdings.

The Riverside Company (Riverside) sold its portfolio company REPA to PT Holdings.

REPA is a leading distributor of spare parts for professional kitchens, coffee and vending machines in Europe. During the course of its five-year investment, Riverside built REPA into a European market leader, with an expanding global footprint. In addition to continuous organic growth, the company successfully acquired and integrated six add-on acquisitions in Italy, Spain, UK, Austria, and Australia. The company employs over 700 people at 13 international locations and several automated warehouses. Members of the REPA Group are LF (Italy), GEV (Germany), EPGC (France), Atel (Italy) and CCS (UK).

PT Holdings is a U.S. distributor of repair and maintenance parts for the foodservice industry, backed by Berkshire Partners.

Riverside, a global private investor, is focusing on investments in growth companies with a value of up to 400 million US dollars. Since its launch in 1988, Riverside has executed more than 800 investments. The firm’s international investments through its private equity and structured capital portfolios encompass more than 140 companies.

The international Allen & Overy team was led by partner Dr Astrid Krüger and associates Johannes Graßl and Adriana Worms, and further comprised partners Dr Hendrik Röhricht (all Private Equity, Munich), Dr Heike Weber (Tax), Dr Hans-Peter Löw (Employment, both Frankfurt), Dr Börries Ahrens (Antitrust, Hamburg), Fabian Beullekens (Private Equity, Luxembourg), Dave Lewis (Tax) and Stephen Besen (Corporate/M&A, both New York). Furthermore, the team consisted of counsel Dr Sebastian Schulz (Employment, Frankfurt), senior associate Heiner Mecklenburg (Antitrust, Hamburg), associates Lisa Wantzen and Barbara Angene (both Employment, Frankfurt) as well as senior transaction officer Laura Thiel (Corporate/M&A, Frankfurt). Other colleagues from the Allen & Overy offices in Budapest, Luxembourg, Milan, Moscow and New York were also involved.

The Weil team comprised lawyers in the U.K., Germany, France, the U.S. and China, and was led by London Private Equity partner Jonathan Wood, supported by Corporate associate Jack Gray, and included associates Douglas Collins, Daniel Johnstone, and Fiona Coffee. The team also included: in London, Antitrust partner Jenine Hulsmann, counsel Nafees Saeed, associate Chris Thomas; Employment associates Georgina Moran and Edward Dickinson; Real Estate counsel Laura Murray and associate Victoria Lloyd; Technology & IP Transactions partner Barry Fishley and associates Ruth Fisher and Hannah Rumble; Litigation partner Chris Marks, and associates Rosalind Meehan and Zoe Wedderburn-Day; in the U.S., Private Equity partner Shayla Harlev and Tax partner Noah Beck; in Germany, Private Equity partner Manuel-Peter Fringer, Corporate counsel Julian Schwanebeck, Private equity associates Amelie Zabel and Natascha Späth; in Paris, Private Equity associates Romain Letard and Fabienne Hauf, and Litigation associate Milica Antic; and in Shanghai, Corporate legal consultant Jerry Haoyang Shen.

Involved fees earner: Börries Ahrens – Allen & Overy; Barbara Angene – Allen & Overy; Stephen Besen – Allen & Overy; Fabian Beullekens – Allen & Overy; Johannes Graßl – Allen & Overy; Astrid Krüger – Allen & Overy; Dave Lewis – Allen & Overy; Hans-Peter Low – Allen & Overy; Heiner Mecklenburg – Allen & Overy; Hendrik Röhricht – Allen & Overy; Sebastian Schulz – Allen & Overy; Lisa Wantzen – Allen & Overy; Heike Weber – Allen & Overy; Adriana Worms – Allen & Overy; Milica Antic – Weil, Gotshal & Manges; Noah Beck – Weil, Gotshal & Manges; Fiona Coffee – Weil, Gotshal & Manges; Douglas Collins – Weil, Gotshal & Manges; Edward Dickinson – Weil, Gotshal & Manges; Ruth Fisher – Weil, Gotshal & Manges; Barry Fishley – Weil, Gotshal & Manges; Manuel-Peter Fringer – Weil, Gotshal & Manges; Jack Gray – Weil, Gotshal & Manges; Shayla Harlev – Weil, Gotshal & Manges; Fabienne Hauf – Weil, Gotshal & Manges; Jenine Hulsmann – Weil, Gotshal & Manges; Daniel Johnstone – Weil, Gotshal & Manges; Romain Letard – Weil, Gotshal & Manges; Victoria Lloyd – Weil, Gotshal & Manges; Christopher Marks – Weil, Gotshal & Manges; Rosalind Meehan – Weil, Gotshal & Manges; Laura Murray – Weil, Gotshal & Manges; Hannah Rumble – Weil, Gotshal & Manges; Nafees Saeed – Weil, Gotshal & Manges; Julian Schwanebeck – Weil, Gotshal & Manges; Natascha Späth – Weil, Gotshal & Manges; Chris Thomas – Weil, Gotshal & Manges; Zoë Wedderburn-Day – Weil, Gotshal & Manges; Jonathan Wood – Weil, Gotshal & Manges; Amelie Marie Zabel – Weil, Gotshal & Manges;

Law Firms: Allen & Overy; Weil, Gotshal & Manges;

Clients: PT Holdings; Riverside;

Giulia Di Palma

Author: Giulia Di Palma