VR Equitypartner’s Acquisition of a Stake in Heizungsdiscount 24 GmbH

SKYE PARTNERS, Pusch Wahlig Workplace, lindenpartners and King & Wood Mallesons advised VR Equitypartner. King & Wood Mallesons also advised BIP Interim SCSp. act AC Tischendorf Rechtsanwälte Partnerschaft advised HD24 and the Sellers.

VR Equitypartner GmbH announced the acquisition of Heizungsdiscount 24 GmbH (together with TGA GmbH and SHK Rechteverwertung GmbH) from the founders Torsten Seneberg, Christofer Metz and Alexei Siemens (“Sellers”).

The Sellers as well as the further Co-Investors Wagner Holding GmbH, Volksbank Mittelhessen eG and BIP Interim SCSp will also get shareholders of the acquired group. Further, Dr. Carsten Voigtländer as the former Vaillant CEO, will also participate as shareholder.

The transaction is still subject to Closing. The parties have agreed not to disclose the terms of the transaction.

HD 24 is one of the largest suppliers in the field of heating and solar technology in Germany. HD 24 offers products and services related to heating at discount prices in the field of e-commerce and sells its products to both companies (B2B) and end consumers (B2C). In doing so, HD 24 offers its customers comprehensive advice ranging from planning, delivery and installation to additional warranty services, which means that every customer can be served efficiently and quickly.

VR Equitypartner is one of the leading equity financiers for medium-sized companies in Germany, Austria and Switzerland. The company supports medium-sized family businesses in finding strategic solutions to complex financing issues. Investment opportunities include growth and expansion financing, corporate succession or shareholder changes. In doing so, VR Equitypartner can look back on its 50 years of experience with regard to both majority and minority shareholdings and mezzanine capital.

The SKYE PARTNERS team included Christoph O. Breithaupt (Picture – lead), Sandra Brieske, Lisa Schulte, Lukas Schobert (all Private Equity), Dr. Marius Fritzsche, assisted by Dr. Luca Rawe (Pusch Wahlig Workplace Law – Labour Law), Bettina Carr-Allinson (BCA-Law – IP/IT), Dr. Jochen Deister (DMZ Legal – Data Protection), Dr. Frank Bayer (frb-tax – Tax).

The King & Wood Mallesons advising VR Equitypartner was led by Tilman Siebert (Antitrust).

The lindenpartners team was led by Michael Kohl (Financing).

The King & Wood Mallesons advising BIP Interim SCSp was led by Dr. Michael Roos.

The act AC Tischendorf Rechtsanwälte team included Dr. Fabian Brocke, Dr. Nina Honstetter.

Involved fees earner: Fabian Brocke – Act Legal; Nina Honstetter – Act Legal; Bettina Carr-Allinson – BCA Law Attorneys-at-Law; Jochen Deister – DMZ Legal; Tilman Siebert – King & Wood Mallesons; Michael Kohl – Lindenpartners ; Marius Fritzsche – Pusch Wahlig Workplace Law; Luca Rawe – Pusch Wahlig Workplace Law; Christoph Breithaupt – Skye Partners; Sandra Brieske – Skye Partners; Lisa Schulte – Skye Partners;

Law Firms: Act Legal; BCA Law Attorneys-at-Law; DMZ Legal; King & Wood Mallesons; Lindenpartners ; Pusch Wahlig Workplace Law; Skye Partners;

Clients: Alexei Siemens; Christofer Metz; Heizungsdiscount24 GmbH; Torsten Seneberg; VR Equitypartner GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler