Frankfurt-based private equity business Steadfast Capital has announced the acquisition of AVS Group, a leading German Mittelstand company in the field of roadwork safety services. AVS Group has, in the last decades, built up an enviable market reputation in the field of roadwork safety, providing services such as traffic and construction site safety equipment, mobile traffic lights as well as mobile crash barriers, thereby helping to promote safety on German roads. King & Wood Mallesons SJ Berwin has advised Steadfast Capital on the acquisition of AVS Group as well as on the financing of the acquisition.
The financing of the transaction was provided by Kreissparkasse Köln and Landesbank Hessen-Thüringen Girozentrale. The seller remains in charge of AVS Group through reinvestment.
Steadfast Capital is an independent private equity business focusing on medium-sized companies within German-speaking Europe and the Benelux countries. Funds advised by Steadfast Capital invest in non-public companies providing financial solutions for succession issues and spin-offs from larger groups and also provide capital for growth opportunities. A creative financing solution is tailored for each individual situation, always comprising an element of management participation in the equity of the business.
King & Wood Mallesons SJ Berwin has advised Steadfast Capital on this transaction.
The Team:
Corporate/Private Equity
Birgit Hübscher-Alt (lead partner), Julian Lemor (lead partner), Johanna Marniok (associate), Marc Oliver Stock (associate) – Frankfurt
Financing
Clemens Niedner (lead partner financing), Ulf Gosejacob (associate) – Frankfurt
IP/IT
Manuela Finger (partner) – Frankfurt
Tax
Markus Hill (partner), Matthias Full (associate) – Frankfurt
Competition
Tilman Siebert (partner), Michaela Westrup (counsel) – Munich
Employment
Barbara Geck (partner), Franziska Fiedler (associate) – Frankfurt
The King & Wood Mallesons SJ Berwin team led by Julian Lemor and Birgit Hübscher-Alt has been advising Steadfast Capital for many years, latterly on the sale of FEP Group to Amphenol Corporation (USA) and the sale of Cetelon Group to Berlac Group (Switzerland).
