McDermott Represents SüdBG on Acquisition of a Majority Stake in m+m Gebäudetechnik
Frankfurt, July 14, 2023 – McDermott Will & Emery has advised Süd Beteiligungen GmbH (SüdBG) on the acquisition of a majority stake in Berlin-based m+m Gebäudetechnik GmbH.
The managing partners of m+m Gebäudetechnik will continue to hold a significant stake in the company. Also as part of the SüdBG portfolio m+m will remain an independent company.
The transaction is still subject to approval by the antitrust authorities.
Süd Beteiligungen GmbH (SüdBG) is a wholly-owned subsidiary of Landesbank Baden-Württemberg (LBBW) and has been supporting medium-sized companies with equity and equity-related solutions for over 50 years. With capital commitments of more than €500 million, SüdBG is one of the leading investment companies in the German-speaking region.
m+m Gebäudetechnik GmbH, founded in 2019, is a provider of planning, consulting and installation services for large-scale heating, air conditioning, ventilation and sanitation projects in the Berlin and Brandenburg region. m+m employs around 60 people and, in addition to its headquarters in Berlin, has a site in Annaberg-Buchholz.