Milbank LLP has advised Altor Funds (“Altor”) on the acquisition of a majority shareholding in VTU Group GmbH (“VTU”), a leading life sciences and green transition process engineering company, from funds advised by DPE Deutsche Private Equity Management III GmbH. Altor will support VTU’s strategy to become a European leader in high value-added process engineering services for life sciences industries and a sector specialist in green transition process engineering. The closing is subject to regulatory approval.
Founded in 1990 in Graz, Austria, VTU is a process engineering company servicing blue-chip customers in the life sciences and fine chemicals industries as well as in green transition projects in existing and emerging industries. The company provides quality services for its customers along the whole value-chain of their investment projects, from project development, design, high-end digitalisation to project management as an integrated part of VTU’s services for structurally growing industries. VTU is an EPCMv provider (Engineering, Procurement, Construction Management and Validation) with more than 1,200 employees across Austria, Germany, Switzerland, Italy, Poland, Romania, and Belgium.
The Milbank team advising Altor was led by partner Michael Bernhardt (Corporate/M&A) and included partners Matthias Schell (Tax), Barbara Mayer-Trautmann (Finance) and Alexander Rinne (Antitrust), as well as special counsel Jennifer Seipelt (Finance) and associates Johannes Wohlmuth, Leonard Mittmann, Lana Bierstedt (all Corporate/M&A) and Alexander Zyrewitz (Antitrust).
