GÖRG Advises Ufenau on the Partial Sale of the ebutec Group

Frank­furt am Main / Zurich — GÖRG advi­sed Ufenau Capi­tal Part­ners on the sale of the ebutec Group’s heating, venti­la­tion, air condi­tio­ning, and refri­ge­ra­tion divi­sion to the Nordic Climate Group. The partial sale compri­ses four compa­nies with a strong regio­nal presence in nort­hern and western Germany. Ufenau conduc­ted the tran­sac­tion through Ufenau VI German Asset Light, a fund advi­sed exclu­si­vely by Ufenau. 

ebutec is a full-service provi­der of smart buil­ding energy effi­ci­ency solu­ti­ons, specia­li­zing in buil­ding enve­lo­pes, roof retro­fits, heating, cooling, venti­la­tion, and photo­vol­taics. Since Ufenau’s acqui­si­tion in 2022, the Dort­­mund-based provi­der has evol­ved from a regio­nal group into an inte­gra­ted, inde­pen­dent plat­form. Today, ebutec opera­tes with over 300 employees across twelve loca­ti­ons in Germany and the Netherlands. 

The sale includes HRW Gebäu­de­tech­nik GmbH, Fried­rich Reitem­eier GmbH, Versor­gungs­tech­nik Stüve GmbH, and Karl Busch Instal­la­tio­nen GmbH, all of which are part of the port­fo­lio company. These compa­nies focus on commer­cial and indus­trial buildings. 

Through their inte­gra­tion into the Swedish Nordic Climate Group, the four compa­nies will become part of a larger corpo­rate group specia­li­zing in cooling and heating tech­no­logy as well as energy-effi­ci­ent buil­ding solu­ti­ons. The group employs appro­xi­m­ately 2,300 people in nine count­ries, inclu­ding Belgium, Ireland, Denmark, and Finland. The tran­sac­tion also marks Nordic Climate’s entry into the German market. 

The Swiss invest­ment group Ufenau has regu­larly relied on the exper­tise of Dr. Tobias Fenck and his team for tran­sac­tions in the German market for many years. As early as 2022, GÖRG advi­sed Ufenau as part of its part­ner­ship with ebutec, and now, with a team led by Fran­k­­furt-based attor­neys Dr. Tobias Fenck and Florian Mayer, it provi­ded compre­hen­sive legal support for the sale of the unit to the Nordic Climate Group. In addi­tion to corporate/M&A, the inter­di­sci­pli­nary advi­sory team also covered, in parti­cu­lar, the areas of tax, labor law, finan­cing, real estate law, anti­trust law, and IP/IT.

About Ufenau Capi­tal Partners

Ufenau Capi­tal Part­ners is an inde­pen­dent Swiss invest­ment group based on Lake Zurich that focu­ses on acqui­ring majo­rity stakes in service compa­nies in the DACH region, as well as in Spain, Portu­gal, Poland, Bene­lux, the UK, and the U.S., which operate in the sectors of busi­ness services, IT services, educa­tion & life­style, health­care services, and finan­cial services. Since 2011, Ufenau has inves­ted in appro­xi­m­ately 500 service compa­nies world­wide. Ufenau has over 5 billion euros in assets under management. 

Advi­sor to Ufenau Capi­tal Part­ners: GÖRG Part­ner­ship of Attor­neys mbB

Dr. Tobias Fenck (Lead Coun­sel, Part­ner, Corporate/M&A, Frank­furt am Main), Florian Mayer, M.A. (Lead Coun­sel, Asso­ciate Part­ner, Corporate/M&A, Frank­furt am Main), Phil­ipp Albert (Senior Asso­ciate, Corporate/M&A, Frank­furt am Main), Dr. Adal­bert Rödding, LL.M. (Part­ner, Tax, Colo­gne), Dr. Karl-Georg Küsters, LL.B., LL.M. (Coun­sel, Tax, Colo­gne), Florian Knoll (Asso­ciate, Tax, Colo­gne), Florian Seidl (Asso­ciate Part­ner, Employ­ment Law, Frank­furt am Main), Thomas Lange (Part­ner, Finance, Colo­gne), Jannik Gese­kus (Asso­ciate, Finance, Colo­gne), Katha­rina Meeser (Asso­ciate Part­ner, Real Estate, Colo­gne), Mete­han Uzun­çak­mak, LL.M. (Asso­ciate Part­ner, Anti­trust, Colo­gne), Dr. Valen­tin Zipfel (Asso­ciate Part­ner, IP/IT, Frank­furt am Main)