Latham & Watkins LLP has advised the European private equity firm EMZ Partners (EMZ) on its majority investment in Hermann Pipersberg (Pipersberg). CEO Peter Fischer and the broader management team will reinvest a significant portion of their proceeds, increasing their stake in the Group's share capital. The transaction is subject to regulatory approval and the parties have agreed not to disclose the terms of the transaction.
Pipersberg, headquartered in Remscheid near Dusseldorf, Germany, manufactures, calibrates, certifies, and distributes gas and water meters, offering a comprehensive range of services from new meter installations, scheduled meter replacements, testing, repairs, and logistics. The company employs more than 120 people.
EMZ is a leading European investment firm that acts as a partner for medium-sized companies and their respective management teams. It focuses on investments in the DACH region as well as France with a clear intention to operate and support founders, family shareholders, and managers. EMZ is majority-owned by its own employees and has a base of European institutional investors. The current fund has a volume of more than €1.0 billion and its invest-ment size ranges up to €150 million.
Latham & Watkins regularly advises EMZ on transactions, most recently on the acquisition of a significant stake in Simon Hegele in July this year.
The Latham team was led by Munich private equity partner Burc Hesse and associates Stephan Hufnagel and Corinna Freudenmacher, with partner Sebastian Pauls and associate Philipp Gärtner. Advice was also provided on tax matters by Munich partner Stefan Süß and Hamburg associate Verena Seevers, on data privacy matters by Frankfurt associate Wolf-Tassilo Böhm, on real estate matters by Frankfurt partner Otto von Gruben and associate Jana Maué, on employment matters by Munich partner Tobias Leder and associate Christian Strauß, on IP matters by Frankfurt partner Susan Kempe-Müller and associate Pia Sösemann, and on antitrust matters by Frankfurt partner Max Hauser and associate Alisia Haber.