LEO II. Fund successfully sells ATOZ Facility Solutions GmbH to HOWOGE
Munich, 01 August 2024 – The investment fund Lenbach Equity Opportunities II. GmbH & Co. KG (“LEO II. Fund”), exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”), has successfully sold its 100% stake in ATOZ Facility Solutions GmbH (“ATOZ”) to HOWOGE Wohnungsbaugesellschaft mbH (“HOWOGE”), a municipal housing company of the State of Berlin.
About ATOZ:
ATOZ Facility Solutions GmbH is an established player in the field of technical and infrastructural facility management, offering comprehensive services such as cleaning, janitorial services, green space care as well as maintenance servicing and minor repair management.
As part of the carve-out from the Interzero Group in 2022, ATOZ – under the management of the LEO II. Fund – was positioned as an independent company within the market. Since the takeover, the DUBAG team has actively contributed to the continued successful development of the company.
Sale to HOWOGE:
“We consider HOWOGE to be the best new home for ATOZ” explains Christoph Mödder, Partner at DUBAG and Managing Director of the LEO II. Fund. “The integration of ATOZ into HOWOGE fits perfectly into HOWOGE’s own performance strategy and we are convinced that HOWOGE will be a trustworthy partner for the long-term development of ATOZ.”
About LEO II:
The LEO II. Fund was launched in 2019 by the initiators and with capital commitments from institutional investors to acquire and strategically reposition companies in special situations. The takeover of units from listed groups is one of the most common special situations in which the LEO II. Fund, exclusively advised by DUBAG (www.dubag.eu), is involved.
About HOWOGE:
HOWOGE Wohnungsbaugesellschaft mbH is one of the six municipal housing companies of the State of Berlin. With its own housing stock of around 76,400 flats (as at 31 December 2023), the company is one of the largest landlords in Germany. HOWOGE intends to expand its residential portfolio to around 100,000 flats in the medium to long term, particularly through new construction.
Advisors to LEO II. Fund:
As part of the sale, the LEO II. Fund, in addition to DUBAG, was advised by:
M&A: Taurus Advisory / Dr. Dirk Findeisen, David B. Kauter (Bad Soden am Taunus)
Legal: Heuking Kühn Lüer Wojtek / Dr. Andreas Lenz (Cologne)
