Deloitte Legal advises Implenia on sale of maintenance division
Düsseldorf — A Deloitte Legal team led by Düsseldorf M&A partners Michael von Rüden and Dirk Hänisch (both lead partners) advised SIX Swiss Exchange-listed Implenia Group, one of Switzerland’s leading construction and real estate services companies, on the planned sale of German-based Implenia Instandsetzung GmbH to Karrié Bau GmbH & Co KG. As a result of the transaction, which was signed on April 16, 2021 and is expected to be completed on May 31, 2021 (closing), all sites and ongoing projects with a total of 199 employees of the Maintenance division will be transferred to Karrié Bau.
Implenia is disposing of the maintenance business in order to focus further on the defined core portfolio in line with its strategy. Karrié Bau plans to assume responsibility for ongoing projects after the acquisition is completed. As part of the transaction, the conditions were created for a seamless carve-out of the maintenance business and its successful continuation by Karrié Bau.
In the implementation of the project, the Deloitte Legal team was able to contribute to the success through a combination of first-class legal advice, transaction experience and goal-oriented communication. The close cooperation with colleagues from Deloitte Corporate Finance and Deloitte Transaction Services Switzerland and Deloitte Tax Germany enabled comprehensive interdisciplinary advice on all commercial, legal and tax aspects material to the transaction. www.deloittelegal.de
Advisor Implenia: Deloitte Legal
Dr. Michael von Rüden and Dirk Hänisch (both Lead, Corporate/M&A), Thilo Hoffmann (Counsel), André Giesen (Senior Associate, all Corporate/M&A, Düsseldorf) Deloitte Corporate Finance and Transaction Services, Switzerland: Stephan Brücher, Benjamin Lechuga, Maximilian Hornung, Nicolas Bornitz Deloitte Tax: Fabian Borkowski
Advisor Karrié Bau GmbH & Co KG: EY Law
Dr. Thorsten Erhard, Dr. Robert Schiller, Dr. Timo Rinne EY: Christoph Serf, Hagen Reiser, Jan-Hendrik Pirwitz, Thorsten Schneider, Tobias Kampmann
About Implenia
As a leading Swiss construction and real estate service provider, Implenia develops and realizes living spaces, working environments and infrastructure for future generations in Switzerland and Germany. Implenia also plans and builds complex infrastructure projects in Austria, France, Sweden and Norway. Implenia can look back on around 150 years of construction tradition. The company brings together the expertise of highly qualified consulting, planning and execution units under one roof to form an integrated, multinational leading construction and real estate service provider.
With its broad range of services and the in-depth experience of its specialists, the Group is able to realize complex large-scale projects and support structures throughout their entire life cycle and in close proximity to customers. The focus is on the needs of customers and a sustainable balance between economic success and social and environmental responsibility. Implenia, headquartered in Opfikon near Zurich, employs more than 8,500 people across Europe and generated sales of almost CHF 4 billion in 2020. For more information, visit implenia.com. About Implenia Instandsetzung GmbH Implenia Instandsetzung is a leading full-service partner in Germany for structural restoration of buildings, infrastructure structures or parts thereof.