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London, United Kingdom – 15 June – LAWFUEL – The Law News Network -…

London, United Kingdom – 15 June – LAWFUEL – The Law News Network – International law firm Dechert LLP advised leading German private equity house Deutsche Beteiligungs AG (DBAG) and its co-investment fund DBAG Fund IV on the US aspects of their acquisition of the Clyde Bergemann Group, the world leader in boiler cleaning technology, for €90 million.

DBAG is now the majority shareholder in Clyde Bergemann. The group’s management, which remains in place, has also increased its stake in the company. DBAG invested approximately €33 million as equity in Clyde Bergemann.
Deutsche Beteiligungs AG (www.deutsche-beteiligung.de) is Germany’s oldest private equity firm, focusing on market-leading mid-sized enterprises in Germany, elsewhere in Europe and the United States. It currently has more than €500million under management.

The Dechert team that advised DBAG on all US aspects of the transaction was led by corporate partner Mark Davis, assisted by corporate counsel Zain Husain and corporate associate Heather Parsons.

Dr Jan Wildberger, partner of Haarmann Hemmelrath was the main adviser to DBAG on the transaction. Maclay Murray & Spens also acted for the Clyde Bergemann Group, and Kirkland & Ellis acted for selling shareholder, Saw Mill Capital Partners.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.