King & Wood Mallesons (KWM) advised MEDIQON Group AG and its subsidiary NGC Nachfolgekapital GmbH (NGC) on the acquisition of Gelford Gebäudereinigung & Dienstleistungen GmbH (Gelford) by NGC.
Gelford, based in Essen, Germany, has been the leading provider of building services in and around Essen for many years. Gelford currently employs almost 100 people and has thousands of loyal customers.
NGC is an entrepreneurial investment company that invests capital for entrepreneurial families in German mid-sized companies. The anchor investor is the MEDIQON Group AG, which is a German listed company.
The investment by NGC was part of a succession plan. Together with the existing managing director, who has been in this role since 2018 and who has also acquired a stake in Gelford, NGC will drive the further development and growth of the company.
Advisors to NGC Nachfolgekapital GmbH / MEDIQON Group AG:
Dr. Michael Roos (partner), Dr. Katrin Thoma (associate), Lorenz Liebsch (associate), Simon Brandt (PSL) (all Corporate/M&A)