Milbank LLP advised EQT Future Fund (“EQT”) on the acquisition of a majority stake in DESOTEC, a leader in circular mobile filtration solutions, from private equity funds managed by Blackstone, which will remain a minority investor. As part of the transaction, EQT is partnering with two renowned German family offices, Athos and Merckle, who will co-invest alongside EQT.
DESOTEC, founded in 1990 and headquartered in Roeselare, Belgium, operates the world’s largest fleet of mobile (re)-activated carbon filters, combining innovative technical solutions to more than 2,000 customers across Europe and North America. EQT and Blackstone plan to support DESOTEC’s continued growth across Europe, where significant growth opportunities remain in less penetrated markets, and to accelerate its expansion in North America, where the company established operations in 2023.
The Milbank team advising EQT on this transaction was led by partner Steffen Oppenländer (Corporate/M&A) and included partners Thomas Kleinheisterkamp (Tax), Alexander Rinne (Antitrust, all Munich), Paul Buchan (Corporate/M&A, London) as well as associates Sandra Feil, Moritz Vogt-Hohenlinde (both Corporate/M&A), Marlies Zeck and Jan Maas (both Antitrust, all Munich).
