Karl Eugen Fischer GmbH's management along with DBAG Fund VII, managed by Deutsche Beteiligungs AG (DB:DBAN) entered into an agreement to acquire Karl Eugen Fischer GmbH from funds advised by Equistone Partners Europe and others in a management buyout transaction on June 12, 2018. DBAG Fund VII will acquire the majority of the shares as part of a management buyout, investing €23.5 million for its co-investment. Marcel Wiemann and Britta Becker of BayernLB acted as debt providers. In 2017, Karl Eugen Fischer GmbH had revenues of €83 million. The purchase agreement is expected to close at the end June 2018. Benedict von Schorlemer, Philip Cavaillès, Martin Bünning, Jan Krekeler, Bernd Egbers, Anna-Maria Krekeler, Jan van Kisfeld, Jan Ischreyt, Christiane Bestgen, Holger Mlynek, François Maartens Heynike, Juditha von der Heydt and Kathrin Meier of Ashurst acted as legal advisors for Equistone Partners Europe while PwC acted as commercial advisor and EY advised on financial and tax aspects. Philipp Mohr of William Blair acted as financial advisor for Equistone Partners. Eike Bicker, Marina Stoklasa, Domingo de Prada, Christoph Skoupil, Moritz Holm-Hadulla, Dominik Braun, Vanessa Gehle of Gleiss Lutz acted as legal advisors for Deutsche Beteiligungs AG. Michael Bernhardt, Matthias Schell, Sebastian Dexheimer, Jörg Neubauer, Leopold Riedl, Moritz Philipp, Caroline Vorce, Nicholas D. DeLuca, Nikolas Koutsós and Katja Lehr of Milbank, Tweed, Hadley & McCloy LLP acted as the legal advisor to Deutsche Beteiligungs AG. Jann Jetter of Linklaters acted as legal advisor, Ines Berger of KPMG acted as financial due diligence provider and Julius Ebrecht of KPMG acted as tax advisor to BayernLB. Sarah Hagenkötter and Nicolas Paulus of Marsh acted as Risk & insurance due diligence provider, Werner Schulte of ERM acted as environmental due diligence provider, Werner Hane and Christian Androschin of Androschin & Partner acted as commercial due diligence provider to Equistone Partners Europe.