Clifford Chance advises Egeria on the divestiture of ISOPLUS to Viessmann

Global law firm Clifford Chance has advised pan-European Private Equity investor Egeria on the divestiture of ISOPLUS group to Viessmann Generations Group. The definitive agreement to divest was signed on November 20 and is still subject to regulatory approvals by the competent authorities. Financial details of the transaction have not been disclosed.

Headquartered in Rosenheim, Germany, ISOPLUS is a leading European provider of pre-insulated piping systems, mainly for district heating and district cooling applications. ISOPLUS serves its dispersed customer base of local utility providers, municipalities and contractors through a direct sales model. The group employs more than 1,500 people, has 10 certified production sites and is active in over 30 countries. ISOPLUS has been a portfolio company of Egeria since 2022. Clifford Chance advised Egeria on its acquisition at the time being.

Egeria is an independent pan-European investment company founded in 1997 and focuses its investments on medium-sized companies. Egeria’s Private Equity portfolio comprises investments in 21 companies with a combined turnover of around €3 billion and over 13,000 employees.

The Clifford Chance team advising Egeria on the divestiture comprised partner Nicole Englisch, counsel Max Alles and associate Max Petzelberger (all Corporate/Private Equity, Munich), partner Dimitri Slobodenjuk and senior associate Arne Gayk (both Antitrust, Düsseldorf), partner Simon Reitz and senior associate Philip Rosak (both Global Financial Markets, Frankfurt), partner Gilles Lebreton (Corporate/M&A) and partner Florence Aubonnet (Employment, both Paris), partner Olaf Mertgen and senior associate Christian Klein (both Tax, Frankfurt), partner Holger Lutz and senior associate Tobias Born (both Commercial/Data protection, Frankfurt) as well as partner David Pasewaldt (Compliance, Frankfurt).