May 18, 2020 Press

SMP adivses BPE on management buy-out of the Civil Engineering Business of Dätwyler

Berlin - SMP has advised a fund managed by the Hamburg-based financial investor BPE on the acquisition of the Civil Engineering Business of the Switzerland-based Dätwyler Schweiz AG together with the management team via a management buy-out. The target of the transaction is the Dätwyler Sealing Technologies Deutschland GmbH (to be renamed „SEALABLE Solutions GmbH") as well as the associated real estate in Waltershausen. The company focusses on the Civil Engineering business with elastomer profiles for applications in tunnels, civil engineering and rail track superstructure projects. Previously, the 180 employees have generated an annual revenue of around CHF 40 million. The parties involved have agreed not to disclose the details of the transaction. As in previous transactions, BPE has been advised on this management buy-out by a team led by SMP-partner Jörn Wöbke.

BPE is a Hamburg-based financial investor that specializes in company successions and group spin-offs with a particular focus on the German "Mittelstand". For over 20 years, BPE has been solving company successions especially by financing management buy-outs or buy-ins.

Daetwyler focuses on high-quality, system-critical elastomer components and holds leading positions in attractive global markets such as healthcare, mobility, oil & gas and food & beverage. Thanks to recognised core competencies and technological leadership, the Group offers added value to customers in the markets it serves. Daetwyler focuses on markets that offer opportunities to increase value added and sustain profitable growth. With a global presence comprising more than 20 operating companies, sales in over 100 countries and more than 7,000 employees, Daetwyler, headquartered in Switzerland, generates annual revenue of more than CHF 1,000 million (including online distributor Reichelt). The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).

About SMP
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.

Advisors BPE
Dr. Jörn Wöbke (Federführung), Partner (M&A/Corporate)
Dr. Malte Bergmann, Partner (Tax)
Moritz Diekgräf, Associate (M&A/Corporate)
Dennis Rasch, Associate (M&A/Corporate)