Addleshaw Goddard advises vitronet on sale of Sandmann Infrastruktur

International law firm Addleshaw Goddard has advised vitronet Holding GmbH (vitronet) on the sale of its subsidiary Sandmann Infrastruktur GmbH. The purchaser is New Energy Group, a platform of Deutsche Beteiligungs AG (DBAG).

Sandmann Infrastruktur GmbH, headquartered in Sternberg, is active in the construction and operation of energy, utilities, and telecommunications infrastructure. Its services include underground cable construction, pipeline construction, overhead line construction and meter management.

Addleshaw Goddard advised vitronet on the preparation and implementation of a structured auction process and on the negotiation of the sale and purchase agreement.

The Addleshaw Goddard team was led by Corporate/M&A Partner Dr Hubertus Schröder (Hamburg). The Corporate/M&A team also included Counsel Fabian Neppeßen, Managing Associate Johannes Hübner and Associate Melissa Rinck (all Hamburg).

Further advice was provided by Partner Nadine Bourgeois and Counsel Nikolos Tsagareli (both Finance, Frankfurt), Partner Dr Anders Kraft and Counsel Dr Susanne Knoch (both Tax, Frankfurt), as well as Counsel Jens Peters and Managing Associate Pauline Kuhn.

The transaction underlines Addleshaw Goddard's experience in M&A transactions in the energy and infrastructure sectors and in advising on structured auction processes.