McDermott Advises SüdBG on Acquiring a Stake in Freight Service Provider Sovereign Speed
Frankfurt, June 23, 2022 — McDermott Will & Emery advised Süd Beteiligungen GmbH (SüdBG) on the acquisition of a stake in Sovereign Speed Holding GmbH. The transaction is subject to approval by the antitrust authorities.
The current shareholders Karim El-Sayegh and Martin Araman will continue to hold a significant stake in the company. Long-time CEO Frank Liebelt is joining the group of shareholders.
Sovereign Speed Holding GmbH, founded in 1998 in Hamburg, offers freight services in the B2B sector in Europe. With around 770 employees at 14 locations, the company generates a revenue of over €100 million.
Süd Beteiligungen GmbH, based in Stuttgart, is a wholly owned subsidiary of Landesbank Baden-Württemberg (LBBW). SüdBG has been supporting medium-sized companies for over 40 years with equity solutions in the context of succession planning, growth financing and changes of shareholders.
The McDermott team was led by partner Michael Cziesla and included partners Heiko Kermer, Christian Rolf, and Alexa Ningelgen, counsel Christian Marzlin and Marcus Fischer, as well as associates Isabelle Müller, Lisa Schickling, Lukas Wasylow-Neuhaus, Lene Niemeier and Tim Weill plus further team members from McDermott’s offices in France and the UK.
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