GRUENDELPARTNER advises WMS on its investment in AllTec GmbH

The WMS Growth Fund for SMEs in Saxony, together with the Födisch family of entrepreneurs (Födisch Group, Markranstädt), has acquired a stake in AllTec Automatisierungs- und Kommunikationstechnik GmbH, a renowned company specialising in electrical plant engineering.

AllTec GmbH is a medium-sized company operating in the fields of electrical, automation and information technology, with its own in-house production of switchgear. The company was founded after German reunification as a consortium of experts in electrical, measurement, control and regulation technology (EMSR) and telecommunications, and has its headquarters in Eula near Borna, south of Leipzig. AllTec currently employs around 150 people.

The WMS is an initiative of the Free State of Saxony and regional banks, and has been supporting companies in the Free State since 2005 with equity capital and expertise in financing matters such as changes in shareholding, organic and inorganic growth projects or succession planning – now in its third fund generation.

GRUENDELPARTNER provided legal advice to the WMS in connection with the transaction.

GRUENDEL-PARTNER’s M&A / Private Equity practice group is one of the most experienced and largest advisory teams in Central Germany and supports investors and entrepreneurs through all stages of development, particularly in company formation, business development, corporate finance and all exit processes.