January 14, 2022

Milbank Advises KAEFER on Partnership with Consortium Consisting of Altor/SMS

Share

Milbank LLP advised the shareholding family of KAEFER Isoliertechnik GmbH & Co. KG (KAEFER) on its partnership with a consortium consisting of the European PE fund Altor Fund V and SMS group (Consortium). The Consortium will hold a 50% stake in KAEFER, together with the shareholding family. The closing of the transaction is subject to approval by the competent authorities.

KAEFER was founded in 1918 and has grown to become a global provider of services and technical solutions in the industrial, marine, offshore and construction sectors with more than 80 group companies worldwide and more than 30,000 employees. The Consortium’s investment forms the basis for a successful development of the family-owned company.

Milbank comprehensively advised KAEFER on all aspects of the transaction.

The Milbank team was led by Norbert Rieger (Corporate/M&A) and Thomas Kleinheisterkamp (Tax, joint lead, both Munich) and included Thomas Ingenhoven (Finance, Frankfurt), Alexander Rinne (Antitrust, Munich), David Schwenneker, Alexandra Schaefer, (both Corporate/M&A, Munich), Thomas Moeller, Sebastian Trompler (both Finance, Frankfurt), Matthias Riehl (Antitrust), Arne Hammerich (Tax) and Sandra Feil (Corporate/M&A, all Munich).