Mayer Brown represented the Steadfast Capital Fund III L.P. and AVS Management on the sale of its shares in AVS Group to funds advised by Triton and the AVS management. The sale is subject to approval by the antitrust authorities. The purchase price was not disclosed.
Steadfast Capital had acquired the majority of shares in AVS Group through a management buy-out in November 2013. The planned growth strategy was successfully implemented with the sale of Trimborn GmbH in August 2014 and F.V.S. GmbH in May 2017 as well as the opening of two branches in 2015 which enabled to continue the companies successful expansion and to strengthen its position as a leading traffic safety group in Germany.
The AVS Group with currently 14 locations was founded in 1961. The company is a leading provider for traffic security services and products in Germany. Mayer Brown has been advising AVS Group on an ongoing basis, e.g. in the course of the acquisition of F.V.S. GmbH.
Steadfast Capital was founded in 2001 and is an independent private equity investor focusing on medium-size businesses within German speaking Europe and Benelux countries.
The team around Julian Lemor has been advising the Steadfast Capital funds for more than 12 years, recently on the acquisition of the Reutter/ITIB Group (see news release).
The Mayer Brown team included partners Dr. Julian Lemor and Birgit Hübscher-Alt (Corporate & Securities), Dr. Martin Heuber (Banking & Finance), Dr. Ulrich Worm (Intellectual Property), senior associates Vanessa Klesy (Employment & Benefits) and Mario Bammann (Banking & Finance) as well as associates Dr. Michael Gläsner, Miriam Gyun-Mie Meixner, Tina Hoffmann, Florian Middelkamp (all Corporate & Securities) and Benjamin Schulz (Real Estate, all Frankfurt).