Ulrich Schneider
Proventis Partners
Bilfinger Rohrleitungsbau GmbH
Deal Type
Company sale
Sector
Industrials
Completion Date
31st May 2021
Deal Value
Not disclosed
Company Background
Bilfinger Rohrleitungsbau GmbH provides construction, design, dismantling as well as assembly work of all kinds of piping systems for chemical, petrochemical, energy, steel and other industrial facilities with sales of around EUR 39 million in 2020 and approximately 270 employees.
Deal Summary
As part of the strategic positioning of its engineering & maintenance segment, Bilfinger SE decided to divest Bilfinger Rohrleitungsbau. In a controlled sales process, which was led by Proventis Partners as M&A advisor, the Polish construction group ERBUD S.A. acquired Bilfinger Rohrleitungsbau, enabling it to significantly expand its market presence in Germany as well as its industrial services capabilities. Going forward, Bilfinger Rohrleitungsbau will operate as a 100% subsidiary of ERBUD Holding Deutschland GmbH and will be renamed IKR GmbH, returning to its original brand.
Value Added
Proventis Partners acted as exclusive M&A advisor to Bilfinger and supported its client throughout the entire transaction. Services included the preparation of transaction documents, identification of suitable investors, execution of a structured sales process, coordination of the due diligence process and commercial SPA negotiations.
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