PwC advises CMP on acquisition of Selux Group
Berlin, December 5th 2019
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided legal advice to a private equity fund advised by CMP Capital Management-Partners (CMP) on the acquisition of the Selux Group. PricewaterhouseCoopers GmbH WPG provided the buyer with advice on tax and financial due diligence during the deal.
CMP is an independent, owner-managed private equity company that manages a fund of €440m. CMP focuses on companies that have a healthy operational core but are facing a situation where change is needed.
The Selux Group is a leading provider of sustainable smart lighting solutions with high-end light technology, functionality and design. Its work is based on a deep understanding of light and its effects. Founded in Berlin in 1948, Selux is now a global company with 400 employees at sites in Europe, North America and Australia. The international Selux Group has been concentrating its activities in Europe on the exterior sector since 2018 to increase innovation. In North America, the Selux Corporation continues to provide products for the interior and exterior sectors. The many high-profile projects completed with Selux include the 9/11 Memorial in New York, Kurfürstendamm in Berlin and the Old Port in Marseille.
Advisors to CMP
PwC Legal (Berlin):
Moritz Gröning (team lead, Corporate/M&A), Thomas Moritz, Tanja Galander, Janine Gerner-Yumusak, Valeria Kupreeva (all Corporate/M&A, Berlin), Marcel Jeske (real estate law), Silvia Kast, Ebru Tanis (labour law), Berthold Theuffel-Wehrhahn (law on foundations, Kassel).
PwC (Berlin):
Tax: Volker Booten (team lead), Joost Osmers, Leonard Gorbach, Dirk Sommerfeld, Jana Greiser (Real Estate Tax)
Transaction Services (Munich): Stefan Saalfrank (team lead), David Trentmann, Angelika Rücker, Juan Oporto Espuelas, Aynur Halici
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About PwC Germany:
Our clients face diverse challenges, strive to put new ideas into practice and seek expert advice. They turn to us for comprehensive support and practical solutions that deliver maximum value. Whether for a global player, a family business or a public institution, we leverage all of our assets: experience, industry knowledge, high standards of quality, commitment to innovation and the resources of our expert network in 149 countries. Building a trusting and cooperative relationship with our clients is particularly important to us – the better we know and understand our clients’ needs, the more effectively we can support them.
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