BDO advises Epta S.p.A. on the acquisition of HEIFO refrigeration activities
17 October 2023
A transaction advisory team from BDO under the leadership of Steffen Eube (Corporate Finance/Transaction Services) and Rolf Schönbrodt (Transaction Tax) advised Epta S.p.A. (“EPTA”), a global player in commercial refrigeration, on the acquisition of HEIFO GmbH & Co. KG (“HEIFO”) refrigeration activities.
EPTA continues to grow and strengthens its presence in northern Germany through the acquisition of HEIFO’s refrigeration activities. The closing of the deal is subject to approval by the German Antitrust Authority, expected by the end of 2023.
Based in Osnabrück, HEIFO is a fourth-generation family business with experience in industrial and commercial refrigeration services, as well as in professional air-conditioning and food industry solutions. The transaction provides for the transfer of all refrigeration activities, worth around 25.0 million Euro in 2022 with over 120 employees, from HEIFO to a newco 100% owned by EPTA.
Thanks to HEIFO's expertise, EPTA will further strengthen its role as a provider of sustainable and energy-efficient solutions for commercial refrigeration. This expansion includes broadening its service offering to large scale retail customers, to include industrial refrigeration systems and engineering. With HEIFO’s structured network of technicians and expertise, EPTA will enhance its position as a one-stop-shop provider for the retail segment and the entire food & beverage sector.
BDO’s transaction team with specialists from Corporate Finance and Transaction Tax supported EPTA with the financial due diligence and tax due diligence.
BDO advisor team:
Financial Due Diligence:
- Dr. Steffen Eube (Partner, Corporate Finance, Frankfurt)
- Felix Fries (Senior Manager, Corporate Finance, Frankfurt)
- Moritz Theis (Senior Consultant, Corporate Finance, Frankfurt)
Tax Due Diligence:
- Rolf Schönbrodt (Partner, Transaction Tax, Frankfurt)
- Julia Loncar (Senior Manager, Transaction Tax, Frankfurt)
- Tim Willershausen (Tax Assistant, Transaction Tax, Frankfurt)