Milbank advised Deutsche Private Equity (“DPE”) on the successful sale of its portfolio company Engelmann Sensor (“Engelmann”) to Rivean Capital. The parties have agreed not to disclose the purchase price of the transaction. It is subject to customary conditions, including approval by the competition authorities.
Engelmann was founded in 1976 and offers a fully integrated product and service portfolio comprising heat, cooling and water meters, electronic heat cost allocators, gateways, software and data services. The now completed exit from DPE Fund IV marks the successful conclusion of a strong growth phase. Over the past five years, Engelmann has developed from a German heat meter specialist into an international player in sub-metering systems. Since 2021, Engelmann has significantly expanded its international customer base, launched new products on the market and more than doubled its EBITDA.
DPE is an independent 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.
The Milbank team advising Deutsche Private Equity on this transaction was led by partner Leopold Riedl (Corporate/M&A) and included partners Matthias Schell (Tax) and Moritz Lichtenegger (Antitrust), special counsel Thomas Möller (Finance), associates Sarah-Maria Resch, Lukas Krogmann, Philipp Haubold (all Corporate/M&A), Adrian Müller-Achenbach (Finance), Svenja Tauchmann (Corporate/M&A), Nikolas Wolf (Tax) and Martin Juhasz as well as transaction lawyer Aisha Strohal (both Antitrust).
