The financial investor DPE Deutsche Private Equity has acquired a majority stake in VTU Engineering. Clifford Chance advised a bank syndicate made up of UniCredit, LBBW and Raiffeisenlandesbank Oberösterreich on financing the acquisition.

VTU is a leading provider of engineering services for planning and optimising process facilities in the pharmaceutical, biotechnology, chemicals, metallurgy, crude oil and natural gas industries. The company has more than 400 employees at 20 locations in Austria, Germany, Switzerland, Italy and Romania.

The Clifford Chance team advising the banks comprised partner Thomas Weitkamp (Munich), senior associate Adéla Hardmeyer (Frankfurt), associates Lola Oni and Alexander Lang as well as transaction lawyer Silvia Lengauer (all Munich) – all Acquisition Finance.