Düsseldorf, 16 November 2018
rellermeyer advises the DKV MOBILITY SERVICES Group on the acquisition of a minority stake by CVC Capital Partners Fund VII
On 16 November 2018, CVC Capital Partners Fund VII signed an agreement to acquire a 20% stake of the DKV MOBILITY SERVICES Group. The family shareholders and previous sole owners of DKV will remain majority owners of the company with an 80% stake after completion of the transaction. The parties have agreed not to disclose the purchase price. The transaction is subject to regulatory approval and is expected in the first quarter of 2019.
Together with the majority shareholders and management, CVC will support the company in accelerating its successful growth strategy. Particular emphasis will be placed on the further digitalisation of the business model and the expansion of DKV’s service offering. From now on DKV will be able to draw on CVC’s extensive entrepreneurial expertise and international network.
UniCredit and Commerzbank act as financial advisors for the family shareholder, Taylor Wessing as legal advisor. CVC has mandated the Royal Bank of Canada as financial advisor and GÖRG as legal advisor.
Attorneys involved from rellermeyer: