Norton Rose Fulbright has advised BayernLB Capital Partner GmbH (BayernLB Capital Partner) and its managed funds as well as the company’s management in relation to the sale of Karlsruhe-based ISU Group Gmbh (ISU), a leading independent employment agency in Germany, to Belgian recruitment agency Actief Interim (Actief).

Actief is held by Dutch private equity fund Gilde Equity Management (Gilde). The Add-On acquisition was implemented as a secondary buy-out with reinvestment of the management of ISU in the new German holding Actief Holding Germany GmbH.

Norton Rose Fulbright advised the seller on all legal matters including managing the transaction processing. The Norton Rose Fulbright team was led by Frankfurt partner Holger Scheer and included Christoph Breithaupt, Julia Rosigkeit (private equity, Frankfurt), Christoph Ritzer, Sven Jacobs (IT/IP, Frankfurt), Frank Bayer (tax, Munich), Maxim Kleine (competition law , Hamburg) and Anja Lingscheid (employment, Frankfurt).

Holger Scheer previously advised BayernLB Capital Partner on its acquisition of ISU in 2006 and has since assisted ISU group in corporate matters.