We are proud to advise our client, Egeria Capital Behar BV, an independent pan-European investment company – alongside Clifford Chance Munich - on the acquisition of 100% of the shares of Isoplus, a Germany based leading provider of pre-insulated piping systems, mainly for district heating.
Isoplus was founded in 1974 and has developed into a market leading player in the European market for district heating. The company operates 8 production locations, employs c. 1,200 employees, and is active in over 30 countries. The current management invests a minority stake in the company and will continue to lead the business.
District heating is seen as key element in the transition towards CO2-neutral heat generation. Isoplus is well positioned to contribute to and benefit from this attractive market with strong momentum, driven by a clear need for expansion of green heating. The investment by Egeria provides the company with the financial backing and operational support to accelerate growth and further grow the company as a leading provider of sustainable services for green heat across Europe.
The LKT corporate team was led by Partner Ádám Máttyus including Kornél Dirner, senior lawyer, advising on the FDI screening and the M&A transaction and our banking & finance group led by John Fenemore and including Balázs Rokob, senior lawyer, advising on the financing of the transaction.