Baker Tilly Advises SEVEST on the Acquisition of Aerospace Company ASP

The international audit and consulting firm Baker Tilly provided comprehensive advisory services to the private equity investor SEVEST Management GmbH (“SEVEST”) in connection with its acquisition of the aerospace company Advanced Space Power Equipment GmbH (“ASP”). As part of the transaction, funds advised by SEVEST acquired 100 percent of the shares in ASP from the previous founding shareholders.  

An interdisciplinary Baker Tilly team led by Sebastian Hafner conducted financial and tax due diligence for SEVEST and supported the investment company throughout the entire transaction process. 

• Financial Due Diligence: Sebastian Hafner (Partner), Felix Burghart (Senior Manager), Anna Wuschick (Junior Manager), Frank Stahl 
• Tax Due Diligence: Uwe Roth (Partner), Stefan Lehner (Director), Melina Heindl (Manager) 

ASP is a leading German developer and manufacturer of highly reliable satellite power electronics for demanding space applications. The company’s products control, distribute, and monitor the onboard power supply of satellites.  

Following the acquisition of DSI Aerospace GmbH, a leading provider of mission-critical satellite electronics hardware and embedded software solutions, ASP marks SEVEST’s second investment in the rapidly growing aerospace sector. Baker Tilly also provided comprehensive advisory services to the investment firm on this transaction in 2025. 

About SEVEST 

SEVEST is a mid-market buyout fund with a focus on advanced industrial businesses in the German-speaking region. Through the entrepreneurial family background, a strong track record as mid-market investor, and an operator-led active ownership approach, SEVEST supports its portfolio companies to reach their full growth potential. 

www.sevest.de

About Advanced Space Power Equipment GmbH 

Advanced Space Power Equipment GmbH develops and manufactures critical power electronics systems for satellites and space applications. These products form the power backbone of modern space systems. ASP has more than 20 years of experience in the space industry and has equipped over 130 satellites. 

www.asp-equipment.de