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GSK Stockmann provided comprehensive advice to the Hungarian firm B+N Referencia Zrt. based in Budapest on its takeover of the Köberl Group based in Aschheim near Munich. The sellers are the Belgian private equity investment company Gimv and the founders Armin and Karl Köberl, who will remain shareholders and managing directors of the Köberl Group.
A GSK Stockmann team led by Munich partner Andreas Dimmling and Hamburg partner Daniel Fehling advised on the transaction. The team pooled together expertise from the areas of corporate/M&A, employment law, IT/IP, antitrust law, facility management, real estate, finance and litigation.
Based in Budapest, B+N is one of the leading facility services providers in Central and Eastern Europe. In addition to Hungary, the company also operates in the Czech Republic, Italy, Poland, Bulgaria, Slovakia, Romania and Slovenia and has a total of around 28,000 employees and revenue of EUR 450 million. Since 2021, B+N has acquired several companies in Central and Eastern Europe and, prior to the Köberl takeover, took its first step into Western Europe with the acquisition of the Italian company Sagad in 2023.
B+N: “We are delighted to support the KÖBERL Group, together with Armin and Karl Köberl, in the next phase of growth and exploit the synergies between the two groups, specifically in infrastructural facility management. We are very grateful to GSK Stockmann for their excellent legal support in connection with this transaction. The support provided by GSK Stockmann gave us peace of mind during this sensitive phase of the transaction.”
The Köberl Group is a facility management and building technology services provider mainly operating in southern Germany. The group’s approx. 600 employees provide a wide range of services, from building technology, facility management and janitorial services to life cycle management. The group’s brands include Fink Gebäudetechnik, Gema Gebäudemanagement, SGM Süddeutsche Gebäudemanagement, 089 Immobilienmanagement, Kriotec Kälte- und Klimatechnik, THG Abwassertechnik and Rohrreinigungs-Service RRS.
The Antwerp-based investment company Gimv has held a stake in the Köberl Group since 2020. Together with the co-owners and managing directors Armin and Karl Köberl, Gimv has driven the expansion, strategic development and digitalisation of the company in recent years. Armin and Karl Köberl will remain in their management roles and retain a smaller stake in the company after the takeover. The transaction is still subject to closing.
Advisers of B+N Referencia Zrt. at GSK Stockmann:
Corporate/M&A: Andreas Dimmling, Daniel Fehling (joint lead), Andreas Peters, Christina Lorf, Christian Hoffmann, Ricarda Jost
Employment law: Nicole Deparade, Katrin Zukovskaya
IT/IP: Martin Hossenfelder, Jörg Wünschel
Antitrust: Wolfgang Jegodka
Facility management: Frederic Jürgens, Philipp Junker, Jakob Haddad, Pascal Franke
Real estate: Maximilian Schilling, Jasmin Lena Seiberlich
Finance: Mechtild-Maria Siebke, Louisa Hecker, Beatrice Dörr
Litigation: Karen Papenfuß
Other advisers of the buyer:
Tax and financial: KPMG;
Advisers of the sellers:
Gimv: Simmons & Simmons, Fabian von Samson (lead), tax and financial: Ebner Stolz; commercial: Deloitte
Armin Köberl Holding GmbH and Karl Köberl Holding GmbH: Hogan Lovells; Christoph Naumann (lead)
M&A adviser: IMAP (lead, Torsten Denker)
