VR Equitypartner GmbH and Süd Beteiligungen GmbH have sold their shareholdings in CleanCar AG, located in Meerbusch by Düsseldorf, to the Munich-based Holler Foundation.

CleanCar AG operates a total of 27 high-performance full-service car washes along with petrol stations in Germany and Austria that also offer additional services such as vehicle interior cleaning and oil change. For the business year 2012/2013, the company, founded in 1986, had an annual turnover of approx. 130 million euros.

VR Equitypartner and Süd Beteiligungen had been involved with CleanCar since 2007. VR Equitypartner is one of the leading private equity financiers in Germany, Austria and Switzerland. Medium-sized family companies are supported by the joint subsidiary of DZ BANK and WGZ BANK on a target-driven basis, underpinned by VR Equitypartner’s decades of experience in solving complex strategic financing issues.

A team from King & Wood Mallesons SJ Berwin has advised VR Equitypartner on this transaction.

Advice was provided by:

Corporate / M&A
Christoph Brenner (lead partner), Stefan Sebastiani (counsel), Bernhard Schmaderer (associate) – all Munich.

Recently, a team led by Christoph Brenner advised EQT on the acquisition of BackWerk and on the sale of a shareholding in Sausalitos as well as NTT Com Security on the acquisition of BDG.