Altor acquires majority stake in VTU Group GmbH with employment law support from KLIEMT.HR Lawyers

With the support of KLIEMT. HR Lawyers, the investment company Altor Funds has acquired a majority stake in VTU Group GmbH, a leading company in the field of life sciences and green transition, from funds of DPE Deutsche Private Equity.

Founded in 1990 in Graz, Austria, VTU is a process engineering company serving blue-chip clients in the life sciences and fine chemicals industries, as well as in green transition projects in existing and emerging industries. The company offers its clients high-quality services along the entire value chain of their investment projects: from project development, design, high-end digitalization to project management as an integrated part of VTU’s services for structurally growing industries. VTU is an EPCMv (Engineering, Procurement, Construction Management and Validation) provider with a total of more than 1,200 employees in Austria, Germany, Switzerland, Italy, Poland, Romania and Belgium. Altor will support VTU’s strategy to become a European market leader for high-quality process engineering services in the life sciences industry and an industry specialist for green transition process engineering.

The closing of the transaction is still subject to regulatory approval.

KLIEMT.HR Lawyers advised on the employment law aspects of the transaction in close coordination with Milbank LLP, the lead law firm in the transaction; the project stands in the tradition of a well-established cooperation between the law firms, involving KLIEMT. HR Lawyers’ Frankfurt office around Professor Dr Barbara Reinhard (Partner) and, more recently, the Hamburg office.

The KLIEMT.HR Lawyers team advising Altor consisted of Dr Till Heimann (Partner, Frankfurt), Henrik Lüthge (Partner, Hamburg), Dr Anne-Kathrin Bertke (Principal Counsel, Hamburg) and Dr Peter Körlings (Senior Associate, Hamburg).