New Momentum for Reform of Media Concentration Control
2 May 2025
EQT has entered into an agreement on 23 December 2016 to sell SAG Vermögensverwaltung GmbH ("SAG") to SPIE S.A., valuing SAG at EUR 850 m. SAG provides project management, engineering, installation and maintenance services to the energy infrastructure sector with a focus on power and gas transmission / distribution. SAG has sales of over EUR 1,32 m and more than 8,100 employees across Europe. The agreement is subject to customary anti-trust clearances and the transaction is expected to close at the end of the first or the beginning of the second quarter 2017.
Hengeler Mueller advised EQT on the transaction. The Hengeler Mueller team was led by partners Steffen Oppenländer (London) and Hans-Jörg Ziegenhain (Munich) (both M&A) and included partners Nikolaus Vieten, Daniela Böning (both Financing), Christian Hoefs (Labour) (all Frankfurt) and Dirk Uwer (Permits/Compliance, Düsseldorf), counsels Patrick H. Wilkening, Andrea Schlaffge, Astrid Harmsen (all IP/IT) (all Düsseldorf) as well as associates Philipp Dornbach, Stephan Hennrich, Benedikt Läufer, Thomas Krawitz, Daniel Engel and Lisa Kopp (all M&A) (all Munich), Moritz Rademacher, Martin Radtke, Deniz Tschammler (all Permits/Compliance) (all Düsseldorf) and Eckbert Müller (Labour, Frankfurt).
