Orrick, Herrington & Sutcliffe LLP

11/07/2024 | Press release | Archived content

VR Equitypartner & SüdBG Acquire Majority Stake in DEKOM AG

Deutsch: Orrick berät VR Equitypartner und SüdBG beim Erwerb einer Mehrheit am IT-Systemhaus DEKOM AG

Private equity firms VR Equitypartner and SüdBG have jointly acquired a majority stake in DEKOM AG, a leading international IT provider specializing in customized audiovisual conference and collaboration solutions.

DEKOM AG CEO Simon Härke will continue to lead the company after the transaction and, together with several managers of the foreign entities, will take a significant stake as part of the transaction.

Orrick advised VR Equitypartner and SüdBG.

THE COMPANIES

Based in Hamburg, Germany, DEKOM is an international AV integrator with over 25 years of experience, over 200 employees, more than 6,000 customers and locations in Europe - including Germany, Spain, the Netherlands, Belgium and Switzerland - as well as the United States.

VR Equitypartner (VREP), based in Frankfurt, is one of the leading equity financiers in Germany, Austria and Switzerland. As a subsidiary of DZ BANK, the central institution of the cooperative banks in Germany, VREP supports medium-sized family businesses in a targeted manner and with decades of experience in the strategic solution of complex financing issues.

Süd Beteiligungen GmbH (SüdBG) is a wholly owned subsidiary of Landesbank Baden-Württemberg (LBBW). It has been supporting medium-sized companies for more than 50 years with customized equity and equity-related solutions in succession planning, growth financing and shareholder changes.

THE IMPACT

The shared vision is to further expand DEKOM's leading role in the European market for audio and video technology (AV), taking into account megatrends such as ESG and AI, and to develop new growth markets.

Christian Futterlieb, Managing Director of VR Equitypartner, explains: "At a time when innovative solutions are crucial to the success of companies, we are particularly pleased about our investment in DEKOM. The outstanding know-how and the management's strong quality and performance awareness, as well as their ability to adapt to the dynamic market requirements, are impressive."

Simon Härke, CEO of DEKOM AG, adds: "With VREP and SüdBG, we have the ideal support to further expand our market position and take it to the next level."

THE TEAM

Christoph Brenner led the Orrick team. The team also included Stefan Riedl, Marvin Aideyan, Adrian Dengler, Johannes Niegemann, Maria Teodorescu, Timo Holzborn, Tobias von Gostomski, Robert Weinhold, Henry Wu and Marianna Karapetyan.

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