For What Truly Counts



M&A-Consultant Proventis Partners has successfully advised Sandmann GmbH and Energieservice Sandmann GmbH as exclusive M&A advisor on the sale to vitronet GmbH

Hamburg, 24 September 2019 – Proventis Partners advised the shareholders of the Sandmann group

The transaction

The vitronet Group, a general contractor for nationwide fibre optic and copper infrastructure projects, has acquired 100% of Sandmann GmbH and Energieservice Sandmann GmbH.

The Sandmann Group is excellently positioned in the north-eastern part of Germany, particularly in the field of glass fibre expansion, and thus represents an ideal addition to vitronet GmbH.

Vitronet is a majority holding of the DBAG Expansion Capital Fund, a private equity fund managed by Deutsche Beteiligungs AG. The listed Deutsche Beteiligungs AG initiates closed private equity funds and invests alongside the DBAG funds in well-positioned medium-sized companies with development potential. The capital managed and advised by the DBAG Group amounts to approximately EUR 1.7 billion.

The role of Proventis Partners

Proventis Partners accompanied the shareholders of the Sandmann Group throughout the entire M&A process. The services included the preparation of the entire transaction documentation, the identification and approach of suitable investors, the coordination of the due diligence process and the commercial negotiation of the transaction.

About Sandmann Group

Sandmann GmbH was founded in 1991 and is a service company based in the north-eastern part of Germany. It is active in underground cable line construction, overhead line construction and pipe laying. Founded in 2001, Energieservice Sandmann offers meter management services for energy supply companies and municipal utilities in the north-eastern part of Germany. The Sandmann Group employs about 100 people and is well established in the region.

About vitronet Group

The vitronet Group is a general contractor for nationwide fibre optic and copper infrastructure projects. As a partner of energy suppliers, network providers, industrial companies and public employers, it offers comprehensive services. These include planning activities, civil engineering services, cable pulling, installation and maintenance work. In addition, it offers its customers individualized dark fibre lines. The group’s competence is based on its own employees at all stages of the value chain. For the realisation of large-scale projects vitronet works hand in hand with long-standing partners. Every year, more than 1,000 km of fibre optic lines and more than 20,000 FTTB house connections are realised by around 250 employees. In this way, they are making a significant contribution to the expansion of the fibre optic infrastructure in Germany.

About Proventis Partners

Proventis Partners is a partner-managed M&A advisory firm whose clients mainly include medium-sized family businesses, corporate subsidiaries and private equity funds. With 30 M&A advisors, Proventis Partners is active in the industrials, business services, consumer & retail, TMT, healthcare and energy sectors and covers the German-speaking region with offices in Hamburg, Cologne, Munich and Zurich. The exclusive membership in Mergers Alliance – the international partnership of leading M&A specialists – enables Proventis Partners to cover 30 of the world’s leading countries. The 20 members of the Mergers Alliance, with over 200 M&A professionals, offer Proventis Partners and its client’s unique access to local markets in Europe, North America, Latin America, Asia and Africa.