The parties have agreed not to disclose the financial details of the transaction.
"When advising on this matter we were able to demonstrate our transactional know-how in core markets such as the Czech Republic, Romania, Hungary and Poland, and support DPE regarding M&A and acquisition financing law," remarked Schoenherr corporate M&A partner, Markus Piuk about the successful closing of the transaction. He advised DPA alongside M&A and banking & finance experts from Schoenherr offices in Prague, Bucharest, Budapest, and Warsaw.
DPE is an independent German investment company based in Munich, specialising in the long-term expansion financing of mid-sized companies in Germany, Austria, and Switzerland. Founded in 2007, DPE has successfully launched three funds managing assets totalling EUR 1.2bln. The company's investments are mainly in the energy and environmental technology, industrial technologies, and healthcare sectors.
Founded in 1992 and headquartered in Passau, Germany, EDS is the leading provider of print marketing solutions for retailers in Central and Eastern Europe, with core competences in the production of advertising material, magazines and journals as well as digital services. The company employs around 1,500 people across Poland, the Czech Republic, Germany, Hungary and Romania, and its turnover reached EUR 275m in FY2016.
The team advising DPE was led by Markus Piuk (partner, Vienna, corporate/m&a), who was supported by Zita Albert (partner, Budapest, corporate/m&a), Vladimír Čížek (partner, Prague, corporate/m&a), Paweł Halwa (partner, Warsaw, corporate/m&a), Mădălina Neagu (partner, Bucharest, corporate/m&a), Silvia Opris (partner, Bucharest, real estate), Adriana Radu (partner, Bucharest, corporate/m&a), Gergely Szalóki (partner, Budapest, banking, finance & capital markets), and additional Schoenherr team members from the corporate/m&a, real estate, regulatory, and labour & employment practice areas in Romania, the Czech Republic, Poland and Hungary. DPE was advised by Ashurst as lead legal counsel and PwC as financial and tax advisor.
Clifford Chance advised the company shareholders on the sale of EDS, while Deloitte and DC Advisory provided financial advisory support.