Viessmann Strengthens Sustainable Heat Distribution Solutions with ISOPLUS Acquisition
Deal News | Nov 25, 2024 | Egeria Capital Management
Egeria Capital Management has announced the sale of its portfolio company, ISOPLUS, to the Viessmann Generations Group. The acquisition aims to advance sustainable infrastructure and integrate renewable energy solutions into daily life. ISOPLUS, a leading provider of pre-insulated piping systems for district heating and cooling, is headquartered in Rosenheim, Germany, and operates in over 30 countries. The deal, finalized on November 20, 2023, is contingent upon regulatory approvals and projected to close by the end of 2024. Financial terms remain confidential. Both Egeria and Viessmann view the transition as a strategic move to enhance their respective commitments to sustainable practices. ISOPLUS's management participated in its prior growth with Egeria, further reinforced by targeted acquisitions in Finland and France. The transaction underscores Egeria's strategy of partnering with strong management teams to scale medium-sized enterprises across Europe. Advisers on the transaction include Macquarie Capital, Clifford Chance, and BCG, among others.
Sectors
- Renewable Energy
- Investment Management
- Manufacturing
Geography
- Germany – ISOPLUS is headquartered in Rosenheim, Germany, and the acquiring company, Viessmann, is also based in Germany.
- Europe – ISOPLUS and Egeria operate extensively across European markets, and the deal concerns a notable European transaction.
Industry
- Renewable Energy – Focused on integrating renewable energy into existing systems, particularly in district heating and cooling sectors.
- Investment Management – Egeria Capital Management's role as the private equity firm managing the sale of ISOPLUS.
- Manufacturing – ISOPLUS's business involves the production of pre-insulated piping systems for infrastructure applications.
Financials
- Undisclosed – The financial terms of the transaction have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Viessmann Generations Group | Acquirer | Company | An independent family company focused on creating environmentally sustainable solutions. |
| Egeria Capital Management | Seller | Company | A pan-European investment firm managing medium-sized company investments. |
| ISOPLUS | Target | Company | A leading provider of pre-insulated piping systems based in Germany. |
| Macquarie Capital | M&A Adviser to Egeria | Company | Advised Egeria on M&A aspects of the transaction. |
| BCG | Commercial Adviser to Viessmann | Company | Provided commercial advice to Viessmann during the transaction. |
| Clifford Chance | Legal Adviser to Egeria | Company | Legal advisory services for the transaction. |