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
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. Find out more at www.pwc.com.
In this document, PwC Germany refers to PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, which is a member firm of PricewaterhouseCoopers International Limited (PwCIL). Each member firm of PwCIL is a separate and independent legal entity.
The term PwC refers to the PwC network and/or one or more of the legally independent network companies. Further details can be found at www.pwc.com/structure.
