Global law firm Squire Patton Boggs has advised the owners of Dilax Intelcom GmbH on the sale of the majority of its shares to private equity companies VR Equitypartner GmbH and Omos Equity Partners GmbH. Under the terms of the deal, VR Equitypartner has acquired 65 per cent of the shares.
Dilax Intelcom produces automated people counting systems. The systems are typically used for counting passengers in the local public transport sector. In addition, the systems are used for measuring customer frequency and waiting queue management as well as analyzing the flow of traffic. The company has 120 employees and operates in Germany, France, the UK, Switzerland Spain and Canada.
VR Equitypartner is one of the leading private equity financiers in Germany, Austria and Switzerland. It is a subsidiary of DZ Bank and WGZ.
Berlin private equity company OMOS Equity Partners GmbH primarily invests in medium-sized family-owned enterprises.
The Squire Patton Boggs team advising Dilax Intelcom was led by Berlin Corporate partner Dr. Kai Mertens, assisted by associate Dr. Sepp Wohlfarter.
Commenting on the transaction, Dr. Mertens said: “We were pleased to support the former shareholders of DILAX on a transaction that brings new investors into the company in order to finance its future growth.”
