Herbst Kinsky advises financing banks in connection with the acquisition of VTU Group by DPE
Funds advised by Deutsche Private Equity (DPE) acquired a majority stake in VTU-Group. Herbst Kinsky together with Clifford Chance, Munich, acted as legal advisor to Landesbank Baden-Württemberg, Raiffeisenlandesbank Oberösterreich and UniCredit Bank Austria as financing Banks of this acquisition.
The companies of the VTU Group design plants for the process industry, particularly for the sectors of pharmaceuticals, biotechnology, chemistry, metallurgy, oil and gas. Today, more than 460 highly qualified employees work at 20 locations in Europe – Austria, Germany, Switzerland, Italy and Romania – on planning tasks for projects all over the world.
DPE is an independent German investment company that invests in SMEs in Germany, Austria and Switzerland. Since its foundation DPE has successfully set up three funds. Since its foundation DPE has established funds with an aggregate volume of € 1.2 billion.
The team of Herbst Kinsky was led by Christoph Wildmoser (Corporate; Banking/Finance) and Philipp Baubin (Banking/Finance). Further team members were Wolfgang Schwackhöfer (Corporate) and Carl Walderdorff (Banking/Finance).