GSK Stockmann advised HSB-Media GmbH and MG Projektconsulting GmbH on the sale of a majority stake in GP Projekte GmbH to Suntel. MG Projektconsulting will remain a minority shareholder in GP Projekte, while the Suntel Group, which is headquartered in Prague, will become the majority shareholder. The transaction successfully secures the succession at GP Projekte.
GSK Stockmann provided the sellers with comprehensive legal advice in connection with the transaction. As well as advising the two selling companies in connection with the sale of their stake, the firm also advised MG Projektconsulting on its future role as a minority shareholder. The transaction also included GPV Consulting Lda., a Portuguese subsidiary of GP Projekte.
GP-Projekte GmbH is an established service provider specialising in broadband roll-out and high-performance fibre-optic and copper networks. The company’s service portfolio includes network and project planning, as well as coordinating all necessary steps up to commissioning.
Suntel Group a.s. is one of the leading providers of telecommunications services and network construction and operation in Central Europe. The group, which operates in Switzerland, Germany, Austria, the Czech Republic, Slovakia and the Netherlands, is expanding its European presence through the acquisition of GP Projekte.
“You don’t sell a company every year, especially not one with such complex projects and international structures as GP Projekte GmbH. We are very grateful to have found in GSK Stockmann a partner who has provided us with highly qualified advice on every aspect of this transaction and guided us confidently through what were at times difficult negotiations. We would like to extend our special thanks to Daniel Fehling and Leonie Jungmann, as well as Philipp Rüggen from the Tippenhauer Group, who were always on hand, even when faced with tight deadlines,” commented Markus Gote and Hansjörg Pätz, the sole shareholders of the selling companies.
“We are thrilled to have supported our clients in this complex and international transaction. The success of this transaction is the direct result of the excellent and close cooperation of the team and all those involved,” commented Daniel Fehling, a partner at GSK Stockmann.
Advisers of HSB-Media GmbH/MG Projektconsulting GmbH at GSK Stockmann:
Daniel Fehling, LL.M. (Auckland) (lead, M&A), Dr Philipp M. Kuhn (Employment/ Compensation & Benefits), Leonie Jungmann, Christian Hoffmann (both M&A)
