Exit: H.I.G. Europe sells ICG Group to SPIE

Hamburg/Leonberg — A Gleiss Lutz team advi­sed H.I.G. Europe on the sale of the ICG Group (“ICG”) to the SPIE Group. ICG’s manage­ment will remain in office and will conti­nue to drive the company’s future deve­lo­p­ment. The tran­sac­tion is subject to appr­oval by the anti­trust autho­ri­ties. — Infra­tech builds complex FTTx networks for public and private network opera­tors in Germany.

ICG was origi­nally foun­ded in 2021 with the acqui­si­tion of Infra­tech by H.I.G. Europe. Infra­tech builds complex FTTx networks for public and private network opera­tors in Germany. The Group was initi­ally expan­ded through the acqui­si­tion of comcross, a leading provi­der of infra­struc­ture for mobile tele­com­mu­ni­ca­ti­ons in Germany. The compa­nies were supple­men­ted by the acqui­si­ti­ons of Schwan, Triple A, Deut­sche Funk­bau (each a provi­der of tele­com­mu­ni­ca­ti­ons solu­ti­ons) and the plan­ning office DPE. Gleiss Lutz advi­sed H.I.G. and ICG on all tran­sac­tions. Today, ICG employs more than 700 people at 16 loca­ti­ons in Germany, the Nether­lands and Croatia.

Holger Klein­garn, Mana­ging Direc­tor at H.I.G . (photo © H.I.G.), comm­ents: “We are very plea­sed about the merger with the ICG Group, which offers our custo­mers a single point of cont­act for the entire value chain of digi­tal infra­struc­ture services. Our invol­vement in ICG under­lines H.I.G.’s exper­tise in iden­ti­fy­ing strong plat­forms in important future-orien­­ted sectors and expan­ding them sustain­ably through orga­nic growth and selec­ted acqui­si­ti­ons. We have estab­lished the ICG Group as a leading provi­der of next-gene­ra­­tion infra­struc­tures and turn­key network solu­ti­ons in Germany and beyond.”

H.I.G. Europe is the Euro­pean arm of H.I.G. Capi­tal, one of the leading
the world’s leading private equity fund in the small and mid-cap segment.
H.I.G. Capi­tal curr­ently mana­ges capi­tal of USD 60 billion.
Miami and Euro­pean bran­ches in London, Hamburg and Madrid,
Milan and Paris as well as US and Latin Ameri­can subsi­dia­ries in
New York, Boston, Chicago, Dallas, Los Ange­les, San Fran­cisco, Atlanta,
Bogotá, Rio de Janeiro and São Paulo, H.I.G. has specia­li­zed in the
Provi­sion of debt and equity capi­tal for small and medium-sized
specia­li­zed in medium-sized companies.

About the ICG Group

The ICG Group, based in Leon­berg (Germany), combi­nes the exper­tise of the leading provi­ders of commu­ni­ca­tion infra­struc­ture services: Infra­tech, comcross, Schwan, Trip­leA Networks and DPE. The Group covers the entire value chain from plan­ning and cons­truc­tion to the instal­la­tion and main­ten­ance of infra­struc­ture for fiber optic, mobile commu­ni­ca­ti­ons and elec­tri­city networks. All of the Group’s units are charac­te­ri­zed by a strong posi­tion in their respec­tive segments and long-stan­­ding custo­mer rela­ti­onships. The ICG Group employs more than 700 people at 16 loca­ti­ons in Germany, mainly in the Nether­lands and Croa­tia. Further infor­ma­tion can be found at icg-gruppe.de.

Advi­sor to H.I.G. Europe: Gleiss Lutz

Dr. Vanessa Rend­torff (lead, part­ner, Hamburg), Dr. Jan Balssen
(lead, part­ner, Munich), Dr. Michael Knier­bein (Hamburg),
Maxi­mi­lian Imre (all M&A, Munich), Dr. Katja Lehr (Coun­sel), Yvonne
Gers­ter (both Banking & Finance, both Frank­furt), Dr. Doris-Maria
Schus­ter (part­ner, Hamburg), Dr. Hauke Darius Wolf (both employ­ment law,
Frank­furt), Dr. Hendrik Marchal (Coun­sel, Tax Law, Hamburg), Dr.
Matthias Werner (Part­ner), Dr. Sebas­tian Girschick (both IP/Tech), Dr.
Manuel Klar (Coun­sel, Data Protec­tion Law), Dr. Iris Benedikt-Buckenleib
(coun­sel, anti­trust law, all Munich), Dr. Eike Bicker (part­ner),
Chris­toph Ehrke (both Compli­ance), Konrad Discher (Coun­sel,
Real Estate Law, all Frank­furt), Dr. Thomas Frit­sche (Public
Law, Berlin).