

Jost Hartmann
Proventis Partners
Sandmann GmbH was founded in 1991 and is a service company based in the north-eastern part of Germany. It is active in underground cable line construction, overhead line construction and pipe laying.
The vitronet Group, a general contractor for nationwide fibre optic and copper infrastructure projects, has acquired 100% of Sandmann GmbH and Energieservice Sandmann GmbH.
The Sandmann Group is excellently positioned in the north-eastern part of Germany, particularly in the field of glass fibre expansion, and thus represents an ideal addition to vitronet GmbH.
Vitronet is a majority holding of the DBAG Expansion Capital Fund, a private equity fund managed by Deutsche Beteiligungs AG. The listed Deutsche Beteiligungs AG initiates closed private equity funds and invests alongside the DBAG funds in well-positioned medium-sized companies with development potential. The capital managed and advised by the DBAG Group amounts to approximately EUR 1.7 billion.
Proventis Partners accompanied the shareholders of the Sandmann Group throughout the entire M&A process. The services included the preparation of the entire transaction documentation, the identification and approach of suitable investors, the coordination of the due diligence process and the commercial negotiation of the transaction.