DLA Piper and Baker McKenzie Advise on Avallon and Genesis Capital Sale of Stangl Technik to Spie

DLA Piper and Baker McKenzie Advise on Avallon and Genesis Capital Sale of Stangl Technik to Spie

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DLA Piper has advised the Avallon MBO Fund II and the Genesis Private Equity Fund III on their sale of Stangl Technik Holding to Spie Central Europe. Baker McKenzie advised the buyer.

Closing is expected in July 2022, pending regulatory approval.

Stangl Technik provides mechanical and electrical building technology installation services in Poland and the Czech Republic. 

Avallon specializes in the management buyout market in Poland. Founded in 1998, Genesis Capital is a Prague-headquartered private equity group financing small and medium companies in Central Europe.

The Spie Group is a French company with 48,000 employees, providing multi-technical services in the areas of energy and communications.

"The exit from Stangl Technik is an extremely successful transaction for us," Avallon MBO Fund Investment Director Mateusz Kacprzak commented. "It has been executed in a model manner for Avallon – carried out together with managers whom we supported in the buyout from a large industrial player, thus contributing to strengthening the company’s market position in Poland and the Czech Republic."

"With Stangl we are gaining a leading player for installation services in mechanical and electrical building technology," Spie Deutschland & Zentraleuropa Managing Director Markus Holzke added. "We are expanding our range of services and strengthening our position as a strong partner for multi-technical services in Poland and the Czech Republic."

The DLA Piper team was led by Counsel Piotr Miller and included Partner Jakub Marcinkowski, Senior Associate Michal Sowinski, and Associate Malgorzata Nowak.

The Baker McKenzie team included Partner Tomasz Krzyzowski, Senior Associate Lukasz Targoszynski, and Associate Joanna Lis.