The takeover took place as part of a structured sales process. During the transaction, an interdisciplinary team from Reed Smith provided comprehensive support to the seller in all relevant legal areas, including tax law.
The Reed Smith team was led by Dr Nikolaus von Jacobs, who said: "We are delighted that our team was able to successfully support the shareholder of PB Group in this transaction with Vidia Climate Fund I (fund volume €415 million) and to contribute not only our many years of Private Equity and M&A experience but also our expertise in this important ESG market."
The German team from Reed Smith comprised:
- Dr Nikolaus von Jacobs, Partner - Corporate/M&A, Munich) - Overall project management
- Dr Germar Enders (Partner - Corporate/M&A, Munich)
- Nina Siewert (Partner - Tax Law, Frankfurt)
- Matthias Weingut (Associate - Corporate/M&A, Munich)
- Dr Markus Beil (Associate - Corporate/M&A, Munich)
- Robert Werzlau (Associate - Corporate/M&A, Munich)
With more than 300 corporate lawyers worldwide, the Reed Smith team works in an integrated manner on transactions of all sizes across borders and supports clients from a wide range of industries and business sectors. In addition, Reed Smith combines its ESG advisory expertise in a global team to provide comprehensive advice on the growing ESG issues and challenges.
About PB Group
The Group has specialised in the recycling of technical plastic waste and trading in secondary raw materials for over 30 years. With suitable disposal concepts, professional recycling and reliable logistics directly ex works, the PB Group supports customers in the optimisation of operational processes and in the processing and marketing of their raw materials.
About Vidia Equity
Vidia is a medium-sized investment company in Munich with an investment focus on companies that offer climate solutions in the three core segments of the circular economy, electrification and industrial materials. PolymerCycle is a newly established platform of Vidia Climate Fund I, which aims to become the market leader in plastics recycling through organic growth and acquisitions.