DC Advisory acts as exclusive financial advisor to VR Equitypartner on the sale of Zimmer & Hälbig to VINCI Energies
Background
- Zimmer & Hälbig is a German specialist of technically demanding solutions for Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC-R) with a strong focus on hospitals, laboratories, industrial facilities, clean rooms as well as data centers
- In 2022, VR Equitypartner (VREP) acquired a significant stake in Zimmer & Hälbig as part of a management buy-out
- Zimmer & Hälbig employs over 310 people and generated revenues of EUR 96m in 2024
Process
- DC Advisory was mandated as exclusive financial advisor to VREP on the sale of Zimmer & Hälbig
- DC Advisory supported the shareholders and Zimmer & Hälbig on preparing and orchestrating a tailored sale process, and coordinating the various due diligence workstreams
- DC Advisory leveraged its extensive experience in the energy & building technology sector to position Zimmer & Hälbig as a prime target and a technically-differentiated platform that stands out in a highly dynamic M&A environment
Outcome
- In July 2025, VREP signed the transaction documents for the sale of Zimmer & Hälbig to VINCI Energies
- Utilizing DC Advisory’s deep sector knowledge, international reach, and the prominent market positioning of Zimmer & Hälbig, the transaction was signed following a swift process
- Financial terms of the transaction were not disclosed
- The closing of this transaction is subject to customary closing conditions
- VINCI Energies’ acquisition of Zimmer & Hälbig aims to create growth opportunities for both parties while preserving the Zimmer & Hälbig brand identity
“Since 2022, VREP has been the right partner to successfully implement key growth initiatives – bringing strategic know-how, operational support, and a clear focus on what truly matters. From the very beginning, our collaboration was marked by trust and professionalism. All of this was also reflected by the highly professional work of the DC Advisory team. We are sincerely grateful and now look forward to continuing our path forward as part of VINCI.”
“Thanks to its excellent market positioning and the strong quality of its management, Zimmer & Hälbig has established itself as a highly successful company. The team's deep expertise, clear commercial focus, and strong entrepreneurial drive have been key contributors to this development. We are confident that Zimmer & Hälbig is well positioned for the future and has found both a strong partner and a great new home in VINCI Energies. I thank DC Advisory for their effortless support and insightful advice. ”
“We are proud and honored to have supported VREP and Zimmer & Hälbig on this landmark transaction in the German technical building services sector. The trust and professionalism throughout the entire process was second to none. I wish the entire team a great future with VINCI Energies, a perfect partner with whom expertise and technologies can be shared to strengthen both companies further.”
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- Business & Tech-Enabled Services
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- M&A Advisory
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