Frankfurt am Main, 15 August 2018
SKYE PARTNERS has legally advised APZ Auto-Pflege-Zentrum GmbH (“APZ”) and its management team in the context of a carve-out and sale by TÜV SÜD to VR Equitypartner. The parties have agreed not to disclose the terms of the transaction.
APZ’s business includes the reprocessing of used and new vehicles, smart repair as well as vehicle logistics and other related services. It focuses on major customers such as supra-regional car dealerships, proprietary branch offices and OEMs and, with its team partners, serves around 300 customers in Germany, Austria and Luxembourg.
In Germany, APZ operates 14 own service centers and is active through team partners at more than 200 other locations. The activities in Austria are bundled in a separate subsidiary based in Vienna. Overall, the company employs currently 110 own employees at an annual turnover of approx. EUR 50 million. Including the team partners in Germany, Luxembourg and Austria, the total number of employees is 1,300.
SKYE PARTNERS ‘advisory team, specializing in M & A and private equity, advised APZ in the context of the carve-out required for the transaction from TÜV SÜD Group as well as the management as part of its MBO stake in the company.
Advisors to APZ / Management:
SKYE PARTNERS, Frankfurt a.M.: Holger Scheer & Christoph Breithaupt (M&A/Private Equity), Ms Jana Kalbfleisch & Ms Julia Rosigkeit (both M&A/Private Equity), Ms Bettina Carr-Alinson (BCALaw – Commercial, IT/IP).
Advisors to VR Equitypartner:
Orrick, Munich: Dr Christoph Brenner & Andrea Köhler (both M&A/Private Equity)
Taylor Wessing, Frankfurt a.M.: Ulf Gosejacob & Jacqueline Urbing (Financing)
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de) is active since February 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and mergers and acquisitions. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 500 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for a true added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.