Funds advised by DPE Deutsche Private Equity Management III GmbH (“DPE”) have acquired a majority stake in B plus L Infra Log GmbH (“B plus L”) and Defoxx GmbH. DPE will support the B plus L Group in its further growth.
B plus L is a leading full-service provider of construction site infrastructure services and operator of container systems in Germany and, with around 1,000 active projects, is one of the fastest-growing construction site service providers on the market. The company provides its customers throughout Germany with central construction site facilities, site electricity, construction water, lighting, elevators, sanitary facilities, meeting rooms, traffic control, access control, and security solutions. B plus L was founded in Dresden in 2009 and has 250 employees.
CODEX Partners provided the commercial due diligence of B plus L for DPE.
CODEX Partners advises investors on commercial and vendor due diligence, on strategy development, cost optimization, and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experiences from over 500 projects.
Trill Impact has acquired a majority share in Nordomatic, a leading independent partner for property owners in building automation, focusing on “smart buildings” and energy efficiency with a presence in Sweden, Denmark and Norway. Trill Impact, based in Stockholm, is a private equity firm targeting mid-sized companies in Northern Europe with the potential to accelerate value creation while contributing to the Sustainable Development Goals.
Nordomatic offers Building Management Systems (BMS) for new projects, retrofits, upgrades and services, including cloud-based smart systems. The company has experienced substantial growth in recent years and generated pro-forma revenues of about SEK 880m (EUR 85m) in 2019. Nordomatic was founded in 1967 and is headquartered in Stockholm with more than 400 full-time employees at 20 locations in Sweden, Denmark and Norway.
CODEX Partners supported the commercial due diligence of Nordomatic for Trill Impact.
CODEX Partners advises investors on commercial and vendor due diligence, on strategy development, cost optimization, and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experiences from over 500 projects.
For further information about CODEX Partners and our experiences, please contact Dr. Rüdiger Maaß (ruediger.maass@codex-partners.com).