Milbank LLP has provided comprehensive legal advice to Deutsche Private Equity (“DPE”) on the sale of its majority stake in leading flat roofing services provider Primutec Solutions Group (“Primutec”) to Trill Impact.
Since DPE initially invested in Primutec in 2017, Primutec has delivered an impressive growth trajectory, evolving from a local player into the market leader in both Germany and the Netherlands. Through a focused buy & build strategy, Primutec completed more than ten add-on acquisitions and grew revenues fourfold from EUR 90 million to over EUR 360 million. Today, Primutec employs more than 1,200 people and complements its core flat roofing business with services such as lightning protection, solar PV, and green roofing. Its service offering spans technical design and consulting, in-house certified installation teams, as well as renovation and preventative maintenance.
DPE is an investment company which supports medium-sized companies on their growth path in its capacity as an investor in a spirit of partnership. DPE currently has total assets of EUR 3 billion under management.
Trill Impact is a leading Impact House in Europe with around EUR 1.3 billion in assets under management.
The Milbank team was led by partner Leopold Riedl and included associates Sarah-Maria Resch, Steven Buschle and Christian Kolb (all Corporate/M&A, Frankfurt), partner Matthias Schell and associates Nikolas Wolf (both Tax, Munich), Martin Juhasz (Competition Law, Munich) as well as special counsel Thomas Möller (Finance, Frankfurt).
