30.09.2022

Flick Gocke Schaumburg advised One Equity Partners on its agreement to buy Muehlhan’s operating companies in Europe and the U.S.

Flick Gocke Schaumburg has advised private equity firm One Equity Partners on the definitive agreement to acquire the operating companies in Europe and the U.S. of Hamburg based Muehlhan AG.

The sale includes the Muehlhan companies in Germany, Denmark, France, Cyprus/Greece, Poland, Romania, Bulgaria, Norway, the Netherlands and the U.S., including their respective subsidiaries and branch offices. In total, these entities had a combined revenue of €191 million in 2021 with around 1,700 employees. Muehlhan AG will retain its subsidiaries in Russia, India, Canada, the Bahamas and the Middle East.

Advisor One Equity Partners: Flick Gocke Schaumburg

Matthias Full; Associate: Anne-Catherine Lorek (both Private Equity/Tax)

Advice on all tax aspects of the transaction including Tax Due Diligence across eight jurisdictions and the purchase agreement.

Muehlhan provides a broad range of industrial services including wind turbine services, surface protection, steel services, passive fire protection, scaffolding and insulation works. Founded in 1881 and deeply rooted in the maritime industry, Muehlhan has successfully expanded its services portfolio tailored to the individual requirements of the core end markets of wind energy, maritime and infrastructure.

One Equity Partners is a middle market private equity firm with approximately $10 billion in assets under management focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe. The firm was founded in 2001 as the in-house private equity arm of Bank One, and in 2005 transitioned to JPMorgan in the same capacity. In January 2015, One Equity Partners spun-out from JPMorgan to establish the firm as an independent management company, continuing its successful middle market investment strategy from JPMorgan.