11/15/2024 | Press release | Distributed by Public on 11/15/2024 03:04
Baker McKenzie has advised Instalco, one of the leading installation companies in the Nordic region for electrical, heating & plumbing, ventilation, industrial solutions and technical consulting on the investment in the German installation group FABRI AG. The investment is made in newly issued shares and represents a minority stake of 24 per cent of the voting rights and capital in Fabri after the capital increase.
"We are very happy to have assisted Instalco on its successful entry into Germany. Thanks to the excellent cooperation with our colleagues in Stockholm, we were able to fully support our client in this exciting project both in Germany and Sweden." commented Dr. Jon Marcus Meese, lead partner of this transaction.
Instalco started operations in 2014 through the acquisition of five installation companies, all of which had extensive experience from the industry and good profitability. Today, the group consists of over 160 subsidiaries specialised in electrical, heating & plumbing, ventilation, industrial solutions and technical consulting. The offering includes system design, installation and service & maintenance of buildings and facilities. Instalco was moved up to the Large Cap list on Nasdaq Stockholm in January 2022.
The FABRI Group invests in successful and regionally anchored trade companies in the field of home and building technology. FABRI is a fast-growing group that was founded in 2020 and is represented at several locations in the German market. Based in Nuremberg, FABRI currently employs 400 people in 12 subsidiaries across Germany with an annual turnover of approximately EUR 70 million.
Baker McKenzie's Corporate/M&A practice regularly advises on domestic and international transactions. Most recently, Baker McKenzie advised Main Shareholder on Exit From Atlantic Hub, AURELIUS on the acquisition of What's Cooking Savoury Division, UBE Corporation on its acquisition of the Urethane Systems business from LANXESS, Grundfos on the acquisition of Culligan's C&I business, Flipp Operations on joining forces with MEDIA Central to create the world's leading provider of drive-to-store marketing, Uniwater, a Swedish headquartered group within water infrastructure on the acquisition of 4 pipes, VINCI Energies on the acquisition of the Fernao Group, Gienanth Group on the sale of its Austrian, German and Czech entities in the course of their restructuring, GNMI on the agreement to acquire Merck's surface solutions business, Mitsubishi Tanabe Pharma on the divestment of its Argatroban business, KD Pharma Group on the acquisition of the marine lipids business from dsm-firmenich in exchange for a minority stake in the company, Saab on a new investment in Helsing. and Freaks 4U Gaming on a strategic acquisition by NODWIN Gaming.
Legal advisor to Instalco:
Baker McKenzie
Lead: Corporate/M&A:Dr. Jon Marcus Meese (partner, Munich), Dr. Tino Marz (partner, Munich)
Team:
Corporate/M&A:Eva Kriechbaumer (senior associate, Munich), Tobias Beck (associate, Munich), Jan Neumann (associate, Munich), Costin Mihailescu (partner, Stockholm), John Gustafson (partner, Stockholm)
Tax:Thomas Gierath (partner, Munich)