Family Office Egeria invests in Isoplus
Amsterdam / Munich / Rosenheim — Egeria acquires Isoplus, a leading manufacturer of pre-insulated pipe systems for district heating supply. Egeria, a family-owned, pan-European investment company, will acquire 100% of the shares in Isoplus, based in Germany. Isoplus is a leading European supplier of pre-insulated pipe systems with an outstanding market position in the district heating supply sector. In the future, the existing management will run the company as co-owners and implement the growth strategy together with Egeria. The acquisition is subject to customary closing conditions and is expected to close in the first quarter of 2022. The parties have agreed not to disclose details of the transaction.
Isoplus was founded in 1974 and has become a leader in the European district heating market. The company operates 8 production sites, employs approximately 1,200 people and is active in over 30 countries.
Isoplus’ main market, district heating, is considered a key element in the transition to CO2-neutral heat generation. With many years of experience and a complete product portfolio, as well as a broad European market position, Isoplus is excellently positioned to benefit from this attractive and dynamic market, which is driven by a clear need for the expansion of environmentally friendly heat. Egeria’s investment provides the company with the financial backing and operational support to further accelerate growth and develop the company into a leading provider of sustainable, environmentally friendly heating services throughout Europe.
Hannes Rumer (photo), Managing Partner DACH at Egeria in Munich: “We are impressed by Isoplus’ growth story. Through continuous entrepreneurship, Isoplus has established a leading position in an attractive market. The company is a great platform for future growth, and we want to further strengthen its position as a leading provider of sustainable, environmentally friendly heating solutions. We look forward to working with management and supporting the company in its next phase of growth.”
Wolfgang Blumschein, Roland Hirner and Jörg Kauschat, Isoplus Management: “We are delighted to have Egeria as a new main shareholder of Isoplus. In recent years, we have continuously developed Isoplus into one of the market leaders for district heating pipes. We are convinced that Isoplus is ready to accelerate its growth as a provider of sustainable heating services and see Egeria as the ideal partner to realize the next phase of growth.”
Advisor to Egeria: Clifford Chance
Led by partner Dr. Nicole Englisch and senior associate Sina Schwirz (both Corporate/ M&A/ Private Equity, Munich).
About Isoplus Group
Isoplus is a leading supplier of thermally insulated pipe systems, mainly for district heating. In addition to thermally insulated pipes, Isoplus also offers joint installation services and coating services for other industrial pipes and products. Isoplus’ services include design, project management, production, construction supervision, installation, documentation and network monitoring. The company has a broad customer base of local utilities, municipalities and contractors served through a direct sales force. www.isoplus.de/home.html
Egeria is an independent pan-European investment company founded in 1997 and focused on medium-sized companies. Egeria invests in healthy companies with growth potential. Egeria believes in building great companies together with entrepreneurial management teams (Boldly Building Together).
Egeria Private Equity Funds holds investments in 13 companies in the Netherlands and the DACH region, while Egeria Evergreen holds investments in 7 companies. Egeria’s portfolio companies generate combined sales of more than EUR 2.4 billion and employ around 12,500 people. Other activities of the Egeria Group are Egeria Real Estate Investments, Egeria Real Estate Development and Egeria Listed Investments. In 2018, Egeria launched “Egeriado,” a corporate giving program that supports projects in the fields of art, culture and social welfare. www.egeriagroup.com
About Clifford Chance
Clifford Chance, one of the world’s leading law firms, is present for its clients with around 3,400 legal advisors in all major business centers around the world. In Germany, Clifford Chance is represented by around 300 lawyers, auditors, tax advisors and solicitors in Düsseldorf, Frankfurt am Main and Munich.