Press Release
February 14, 2024

Goodwin advises Deutsche Invest on acquisition financing for Tank & Becker Group

Goodwin has advised Deutsche Invest Capital Partners ("Deutsche Invest") on the acquisition financing for Tank & Becker Group by its portfolio company Brick Group.

Deutsche Invest is an entrepreneurial alternative asset management platform with an investment focus on Europe. Its investment strategies are Capital Solutions, Technology and Special Situations.

Brick Group was founded in 2023 by Deutsche Invest together with experienced managers Dirk Hollands and Michael Weinand to build a market leader in German energy renovation via a buy-and-build strategy. The Brick Group acquires local companies that are specialists in their respective fields. These include companies from all finishing and technical trades, facade builders, roofers, energy consultants and architects. Tank & Becker is Brick Group's first acquisition.

Tank & Becker is an established renovation services company and general contractor with a focus on renovation of residential and commercial buildings and technical building services with a focus on the Hamburg and Berlin regions. Its core competencies are the coordination, oversight of and execution of large-scale renovation projects for individual properties or portfolios. Customers include commercial and residential property owners, project developers, contractors, property management firms and housing associations.

A team lead by Goodwin partner Winfried Carli recently also supported Deutsche Invest in the acquisition of Wirtz Werkzeugbau GmbH.

The Goodwin team was led by partner Winfried M. Carli and counsel Andreas Breu and included associate Daniel Wagner (all Private Equity/Debt Finance, Munich).