Shearman & Sterling advised a bank consortium led by Landesbank Baden-Württemberg (LBBW) on the refinancing and financing of the add-on acquisition of Patina Group by Erdo Holding B.V. (Erdo), a portfolio company of Deutsche Private Equity GmbH (DPE).
Founded in 1928, Erdo is a Dutch company with a leading position in the flat roofing and insulation area, as well as facade engineering and the lightning protection of new buildings and renovations. Patina, located in Beverwijk in the Netherlands, is also a leading provider of flat roofing. The parties have agreed to keep the transaction details confidential.
DPE is an independent investment company that invests in small and medium-sized enterprises in Germany, Austria and Switzerland.