Milbank has advised EQT VII on the sale of Apleona Group GmbH, a leading European facility management services provider and market leader in Germany, Austria and Switzerland (DACH), to PAI Partners SAS for a total transaction value of approximately €1.6 billion. The transaction is subject to approval by the relevant regulatory authorities.
Headquartered in Neu-Isenburg, Germany, Apleona provides technical facility management services, complemented by infrastructural and commercial facility management as part of an integrated offering. Apleona has more than 20,000 employees, managing tens of thousands of buildings and offices in over 30 countries across Europe. EQT VII acquired Apleona in 2016 through a carve-out from Bilfinger SE.
Milbank comprehensively advised EQT VII on the corporate, tax, finance and antitrust law aspects of the transaction. The Milbank team was led by Norbert Rieger (Corporate/M&A, Munich) and Andrea Eggenstein (Corporate/M&A, Frankfurt) and included the partners Thomas Kleinheisterkamp (Tax, Munich); Thomas Ingenhoven (Finance, Frankfurt) and Alexander Rinne (Antitrust, Munich), as well as the associates Pascal Härdtner, Alexandra Schäfer, Johannes Wohlmuth, Jan Mahlke (all Corporate/M&A, Munich); Arne Hammerich (Tax, Munich); Odilo Wallner, Sebastian Trompler (both Finance, Frankfurt) and Alexander Zyrewitz (Antitrust, Munich).