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Baker Tilly provided legal, tax and business advice to DEBA Vermögensverwaltung 1 GmbH, a subsidiary of Munich-based DEBA, on the acquisition of Holzwerke Pfarrkirchen GmbH.
With the acquisition of all shares, DEBA expands its portfolio at the beginning of the year with a future-oriented player in the growing market for sustainable timber construction products. Holzwerke Pfarrkirchen GmbH is a leading supplier of premium timber construction products. The company relies on a highly flexible production facility and high product quality in the manufacture of its solid structural timber (KVH®) and glulam and laminated beam (BSH) products. From 2019 to 2022, Holzwerke Pfarrkirchen was part of the Munich-based DUBAG Group.
Interdisciplinary Baker Tilly advice
In the course of the acquisition, Baker Tilly provided the buyer with full legal, tax and financial due diligence advice. Furthermore, the interdisciplinary team supported DEBA in the preparation of the sale and purchase agreement (SPA) and the other transaction agreements as well as the contract negotiations.
The responsible partners were Stephan Zuber (Law, M&A), Friedrich Wamsler (Tax) and Stefan Greger (Business Consulting). The larger team also included Partners Dr. Christian Engelhardt, Robert Rostek and Dr. Raphael Won-Pil Suh, Attorney-at-Law Gabriele Heise, Director Marco Stahn, Senior Manager PD Dr. Jens Thomas Füller, Manager Sonja Dechansreiter, Manager Daniela Konle, Manager Thomas Böhm (all Legal), Partner Christian Wegener, Manager Felix Oberfrank and Junior Manager Pauline Paff (all Tax) as well as Senior Anja Stöckle and Assistant Alexander Prekop (both Business Consulting).
DEBA, headquartered in Munich and managed by Dr. Sebastian Heckelmann, has been successfully active as a property developer, especially of residential real estate, since the 1960s. Since 2004, DEBA has focused on portfolio properties and their further development. Long-term orientation and continuity have always been a maxim of DEBA’s entrepreneurial activities.
About Holzwerke Pfarrkirchen GmbH
Established by the Wimmer family in 1939 as a sawmill, the company has always had its production site in Pfarrkirchen. For more than 40 years, the company has been working with the renewable organic raw material. Today, the premium timber supplier is known for its solid structural timber (KVH®), glulam as well as laminated beams and scaffold planks. Holzwerke Pfarrkirchen has 110 employees and generated annual sales of EUR 65 million in 2021.