ARE Beteiligungen GmbH has sold its shares in m+m Gebäudetechnik GmbH to Süd Beteiligungen GmbH. With SüdBG, IMAP has found a new (majority) shareholder for m+m who will support the two managing shareholders Uwe Klawiter and Lutz Gäbelein in the further expansion of the company.

ARE Beteiligungen GmbH, Hanau, Germany

ARE Beteiligungen GmbH specialises in the acquisition of German companies in special situations or spin-offs from corporate divestments. ARE's activities are divided into the business areas of waste management services, fire protection systems, electrical, building and security technology and real estate portfolio. The ARE Group employs more than 650 people. In 2022, a total operating performance of EUR 139 million was achieved.

m+m Gebäudetechnik GmbH, Berlin, Germany 

As a specialist in building services, m+m Gebäudetechnik GmbH manages a wide range of projects throughout Germany in the industrial, research, commercial and real estate sectors. The medium-sized company's range of services includes the complete implementation of HVAC systems as well as renewable energies and the associated control technology. In addition to installation, m+m offers its customers comprehensive service and maintenance of the systems. As a future portfolio company of SüdBG, m+m will continue to be managed as an independent sector company by managing partners and shareholders Uwe Klawiter and Lutz Gäbelein.

Süd Beteiligungen GmbH, Stuttgart, Germany 

SüdBG is a wholly owned subsidiary of Landesbank Baden-Württemberg and has been supporting medium-sized companies for more than 50 years with tailor-made equity and equity-related solutions for succession planning, growth financing and shareholder changes. With capital commitments of more than EUR 500 million, SüdBG is one of the leading private equity companies in the DACH region.

The IMAP team exclusively advised the shareholders of m+m during the entire M&A process and supported them in the negotiation and successful closing the transaction.

The transaction is subject to the necessary regulatory approvals.