Orrick advised HANNOVER Finanz in the sale of its majority interest in Lück Verwaltungs GmbH (Lück Group) to France’s SPIE Group. At the same time, SPIE also acquired the shares in Lück Group held by Lück Management GbR and Lück Invest GmbH.
The closing of the transaction is expected by the end of May 2017, subject to the approval of German antitrust authorities.
Established in 1965 and headquartered in Lich-Langsdorf and Gießen, Lück Group is a provider of holistic building technology services with a strong focus on data center solutions. The company provides a complete range of services, from design and consulting, through installation and maintenance of HVAC, electro-technical, security and communication solutions. With 1,000 employees working from 18 locations in six German states, Lück Group generated approximately €130 million in 2016. Over the past five years, Lück Group, supported by capital partner HANNOVER Finanz, has developed an outstanding position in a high-quality technical services segment.
Headquartered in Hannover, Germany, and Vienna, Austria, HANNOVER Fi-nanz has been investing in medium-sized businesses in the D/A/CH region for nearly 40 years. Renowned companies such as Fielmann, Rossmann and AIXTRON have realized their growth with HANNOVER Finanz.
A French listed company with around 38,000 employees in 38 countries, SPIE is an independent European market leader for multi-technical services in energy and communications. SPIE supports its customers in the conception, construction, operation and maintenance of energy-efficient and environmentally friendly systems and buildings.
HANNOVER Finanz and the other shareholders were advised by general counsel Christina Silberberger and a Düsseldorf-based Orrick team led by M&A and Private Equity partner Oliver Duys. He was assisted by M&A and Private Equity counsel Nikita Tkatchenko and associates Julia Overhage and Christoph Wenderoth, as well as partners Stefan Schultes-Schnitzlein (Tax), Christian Schröder (IP/IT Data Privacy) and Till Steinvorth (Antitrust).