Auto Thoma Sells to the AURELIUS Group with a Cross-Stake

Munich — Auto Thoma GmbH, head­quar­te­red in Burgau, has sold all of its shares to aribos group GmbH, a port­fo­lio company of AURELIUS Wachs­tums­ka­pi­tal SE & Co. KG. — A team led by Marcel Greu­bel, Senior Coun­sel at HEUKING’s Munich office, provi­ded compre­hen­sive legal coun­sel to the share­hol­ders of Auto Thoma GmbH in connec­tion with the sale of all shares to aribos group GmbH. The advice also covered the re-inves­t­­ment by one of the sellers in the buyer group. 

Auto Thoma GmbH is a family-owned busi­ness in Burgau, Bava­ria, specia­li­zing in colli­sion repair, auto­mo­tive pain­ting, and auto­mo­tive tech­no­logy. The target company will be inte­gra­ted as the sixth acqui­si­tion into aribos group GmbH, head­quar­te­red in Hildesheim—a dyna­mi­cally growing network of repair shops specia­li­zing in colli­sion damage repairs, which curr­ently employs more than 250 people across eight loca­ti­ons in Germany. With the acqui­si­tion of Auto Thoma GmbH, the aribos group is further expan­ding its posi­tion as one of the leading full-service provi­ders of body and paint services in the German-spea­king world. 

As part of the tran­sac­tion, Harry Thoma and TT-Betei­­li­­gungs GmbH sold their entire stakes in the target company. As part of the tran­sac­tion, TT-Betei­­li­­gungs GmbH acqui­red a stake in the buyer group through a reverse invest­ment; Timo Thoma will conti­nue to serve as mana­ging direc­tor of the target company and remain actively invol­ved in its opera­ti­ons. The parties have agreed not to disc­lose the purchase price. 

Advi­sors and Part­ners at Auto Thoma GmbH: HEUKING

Marcel Greu­bel (Lead Attor­ney, Corpo­rate Law/M&A, Munich)
Dr. Sebas­tian Poll­meier (Corpo­rate Law/M&A, Munich)
Mari­lena Schöck (Corpo­rate Law/M&A, Munich)
Peter M. Schäff­ler (Tax Law, Munich)
Stepha­nie Heider-Wurm (Employ­ment Law, Munich)
Chris­toph Nöhles, LL.M. (Boston Univer­sity), (Real Estate Law, Düsseldorf)
Nico­las Pielow (Real Estate Law, Düsseldorf) 

About HEUKING

HEUKING has appro­xi­m­ately 450 specia­li­zed attor­neys, tax advi­sors, and nota­ries across a total of eight offices and provi­des advice in over 30 areas of law as a full-service law firm. Accor­ding to the Juve Reve­nue Ranking 10/2025, the firm ranks 17th among the highest-reve­­nue law firms in Germany. Its natio­nal and inter­na­tio­nal clients include medium-sized and large compa­nies in the indus­trial, commer­cial, and service sectors, as well as asso­cia­ti­ons, public enti­ties, and discer­ning private clients. — www.heuking.de