DPE acquires EAB group

CEO Lars Eberlein will remain in his position and also continue as a shareholder. The new investor will pursue further growth across Germany.

DPE was attracted to EAB's strong position in a market with attractive growth potential and is looking for further consolidation opportunities in the sector.

Debt
A debt facility was provided by Commerzbank.

Company
EAB group is headquartered in Jena and provides a range of technical services including building and industrial installations, security technology, building automation, energy management and consulting, communication technology, engineering services and operations management. Currently the firm employs about 500 people and expects a turnover of approximately €60m for 2011. Founded in 1921, EAB operates offices in Hamburg, Berlin, Naumburg, Gera and Munich.

People
Volker Hichert and Guido Prehn managed the buyout for Deutsche Private Equity.

Advisers
Equity – Heuking Kühn Lüer Wojtek, Peter-Christian Schmidt, Kai Erhardt (Legal); Ebner Stolz Mönning Bachem, Markus Schmal (Financial due diligence); Ebner Stolz, Markus Emmrich (Tax); Codex Partners, Rüdiger Maaß (Commercial due diligence).

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