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28 November 20233 minute read

DLA Piper advises Rosen on sale of majority stake to Partners Group

DLA Piper has advised Swiss-headquartered Rosen Swiss Holding AG with regards to the sale of a majority stake in global Rosen Group to private markets firm Partners Group. Hermann Rosen, founder of Rosen Group, reinvested into the acquisition company alongside Partners Group.

DLA Piper's advice included in particular the comprehensive preparation of the transaction at a global level, including an extensive vendor due diligence covering the global operations of Rosen Group in 20 countries, as well as support with international legal matters and in respect of the acquisition agreement.

The transaction is part of Hermann Rosen’s succession planning and ensures the company stability while continuing to execute on its technology-empowered strategy. The parties agreed not to disclose the purchase price or further financial details. The completion of the transaction is subject to regulatory approvals and other customary closing conditions. The transaction is expected to be completed in the first half of 2024.

Rosen Group’s business of asset integrity services is focused on a growing global market in the integrity process chain and includes inspection services in the oil and gas industry for critical industrial assets such as pipelines, installations and equipment. With a portfolio of highly advanced diagnostic technologies, a vast data set, and industry-leading software solutions combined with integrity engineering consulting services, it is serving a loyal client base in more than 120 countries and employs more than 4000 people. Partners Group will work with management to leverage Rosen’s existing capabilities to expand into future energy sources.

Roland Kampe, General Counsel and Chief Compliance Officer of Rosen Group, commented as follows We are grateful to the DLA Piper team for the efficient and fruitful cooperation and for providing excellent support to Rosen Group in respect of the complex preparation of the transaction across all involved offices of DLA Piper.

The DLA Piper team was co-led by counsel Dr Isaschar Nicolaysen and partner Dr Benjamin Parameswaran with counsel Cristina Villafrade, senior associates Sophie von Mandelsloh, Jan Schlaak and associate Lea Reifers (all Corporate/M&A, Hamburg) forming the core team. The team also included Victoria Howdle, Ben King and Jos van Doorne, who assisted on this transaction. The Rosen Group team was led in respect of all legal matters by Roland Kampe, General Counsel and Chief Compliance Officer.

The DLA Piper team, furthermore, comprised from Germany partners Dr Emanuel Ballo (Compliance/Regulatory), Dr Wolfram Distler (Finance), Dr Burkhard Führmeyer (IP; all Frankfurt), Verena Grentzenberg (Data Protection), Dr. Henriette Norda (Employment/Pensions; both Hamburg), Dr Thilo von Bodungen (Commercial), Dr Jan Geert Meents, Jan Pohle (both IT), Lars Reubekeul (Real Estate; all Munich), counsels Dr Thilo Streit (Compliance/Regulatory, Cologne), Georg Haberkorn (Employment/Pensions), Michael Ziegaus-Clavien (Real Estate; both Munich), Patrick Reuter (Finance, Frankfurt), senior associates Dr Katharina Fischer (Employment/Pensions), Theresa Sauerwein (Compliance/Regulatory), Daniel Osmanovic (Corporate), David Sanchio Schele (Data Protection), Eike Bodo Matthes (IP; all Frankfurt), Ekaterina Filikhina (IT, Munich), associates Felix Groppenbächer (Corporate), Ilgin Ayhan (Finance; all Frankfurt), Philipp Schmechel (Data Protection, Hamburg), Dario Westarp (Compliance/Regulatory), Verena Reichstein (IT; both Cologne), Monika Marincic (Commercial) and Sabrina Wimmer (Real Estate; both Munich) were also involved.

In addition, lawyers from the DLA Piper offices in Argentina, Australia, Austria, Canada, China, Colombia, Mexico, the Netherlands, Norway, Saudi Arabia, Singapore, the UAE, the United Kingdom and the United States supported on the matter.

The DLA Piper team also comprised the support from other law firms in Brazil, Egypt, India, Malaysia, Malta and Switzerland.