Shearman & Sterling advised Landesbank Baden-Württemberg on the financing of the acquisition of Erdo Group by Deutsche Private Equity GmbH (DPE). DPE purchased a majority stake of Erdo to facilitate further international expansion of the business..
Erdo is a leading provider of roofing, cladding and lightning protection installations, with a focus on the maintenance and renovation market. Erdo serves customers from various end markets in the Netherlands, Germany and Belgian Flanders.
DPE is an independent investment company that invests in small and medium-sized enterprises in Germany, Austria and Switzerland. DPE, based in Munich, manages total assets of €1.2 billion. DPE’s investors are institutional investors that invest for the long term such as family offices, insurances, pension and umbrella funds, as well as 60 private investors.