Deal Announcement: Bregal

PwC M&A acted as exclusive financial advisor to Bregal Unternehmerkapital LP on the acquisition of a majority shareholding in NRW Building Technology Holding GmbH from Ufenau Capital Partners AG:

The Deal

The German PwC M&A team is pleased to announce the successful Closing of Project Helios, the acquisition of majority of the shares in NRW Building Technology Holding GmbH from Ufenau Capital Partners. PwC M&A acted as exclusive financial adviser to Bregal Unternehmerkapital LP on this transaction. We supported the acquisition process with M&A buy side advisory as well as debt advisory.

Bregal Unternehmerkapital specializes in supporting mid-sized companies and intends to chart the course for further growth of NRW Building Technology by continuing and accelerating the successful “buy-&-build” strategy.

The parties involved have agreed not to disclose financial details of the transaction.

NRW Building Technology Holding GmbH

NRW Building Technology is a leading full-service provider of technical building services. Its range of capabilities extends from heating, ventilation, air-conditioning and plumbing equipment to measuring and control technology. The group comprises eight companies – including its core business Rehms, a company with a long tradition of quality and service excellence.

In recent years, the group has grown strongly thanks to the decades-long entrepreneurial family tradition of the Rehms family. Under the leadership of Heinz-Josef Rehms, who will continue to be a co-investor in the business, NRW Building Technology has generated significant growth – fuelled by both organic gains and strategic acquisitions. The group focuses strongly on reliability, innovation and quality.

NRW Building Technology employs about 600 people and generates an annual turnover of €110 million.

Bregal Unternehmerkapital LP

Bregal Unternehmerkapital LP is part of a family-owned business that has been built up over generations. Its investment activity is based on long-term commitment and independent of developments in the financial markets. Bregal Unternehmerkapital identifies companies, with strong management teams, that are regarded as market leaders or “hidden champions” in their particular segment. Flexible financing and transaction structures enable it to acquire both minority and majority stakes. In doing so, Bregal Unternehmerkapital is also able to handle complex industry spin-offs, management buy-outs and succession situations in a sensitive, non-dogmatic manner.

Ufenau Capital Partners AG

Ufenau Capital Partners is a privately owned Swiss Investor Group headquartered at the Lake Zurich which advises private investors, family offices and institutional investors with their investments in private equity. Ufenau Capital Partners is focused on investments in service companies in German-speaking Europe.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 220,000 employees in 157 countries. Our global network comprises nearly 2,500 M&A professionals all over the world, realizing approx. 390 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.

The PwC deal team consisted of Dr. Andreas Schillhofer (Partner), Daniel Judenhahn (Partner), Alexander Knögel (Senior Manager), Philipp Widmaier (Senior Manager), Steven Williams (Manager) and The Thanh Nguyen (Senior Consultant).

For more information please contact Dr. Andreas Schillhofer on +49 69 9585-5533, Daniel Judenhahn on +49 69 9585-6976 or Alexander Knögel on +49 69 9585-1353.

Contact us

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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