Royal BAM Group nv has agreed to sell the shares of its German operating company BAM Deutschland (including subsidiaries BAM Immobilien-Dienstleistungen and BAM Sports) to Zech Group SE and Gustav Zech Foundation. The completion of the transaction is subject to approval of the competition authorities.
Based in Stuttgart, BAM Deutschland is a leading company in the German turn-key construction market, as well as in facilities management, with annual revenues of circa €500 million and 750 employees delivering projects including hospitals, offices, universities, prisons, residential buildings and sport stadiums.
Hengeler Mueller advised Royal BAM Group on the transaction. The team was led by partner Andreas Hoger (M&A/Corporate, Frankfurt) and included partners Emanuel Strehle (M&A/Corporate, Munich), Martin Tasma (Restructuring, Berlin), Christian Hoefs (Employment, Frankfurt), Markus Ernst (Tax, Munich), Thomas Lang (Real Estate, Frankfurt), Jan Bonhage (Public Procurement/Regulatory, Berlin), Vera Jungkind (Data Protection Law, Düsseldorf), counsel Johannes Honzen (Real Estate, Frankfurt), as well as associates Benedikt Mertens (Düsseldorf), Malte Christians (Frankfurt) (both M&A/Corporate), Christian Dankerl (Antitrust, Düsseldorf), Tim Wuerstlin (Tax, Munich) and Erasmus Hoffmann (Public Procurement/Regulatory, Berlin).