BDO advised LEO II. GmbH & Co. KG (‘LEO II. Fund’), a fund exclusively advised by DUBAG Group, on the acquisition of promedi Personalmanagement GmbH with a multidisciplinary team in the areas of finance and tax.
With this transaction, the DUBAG Group has acquired a company with strong historical growth in the field of personnel leasing, which optimally complements the existing investment portfolio. The transaction closed on 31 July 2023.
Cologne-based promedi Personalmanagement GmbH was founded in 2007 and belonged to the RIW Dienstleistungsgruppe until the transaction was completed. The company is active in the field of temporary employment and permanent personnel placement in the care sector. Target industries include retirement homes, hospitals, social institutions and outpatient care. Driven by demographic change, the company has recently recorded strong sales growth, which is to be further expanded with the new investor. The company has 17 locations throughout Germany, with a strong focus on North Rhine-Westphalia and northern Germany.
The BDO transaction team, led by Dr Steffen Eube (Corporate Finance) and Sandro Schwenke (Transaction Tax), provided comprehensive support to the Leo II fund in conducting a financial and tax due diligence, the tax structuring and the tax aspects of the contract design.