23 April 2021

NGC supports growth strategy: Gelford acquires Bastex

King & Wood Mallesons (KWM) has advised NGC Nachfolgekapital GmbH (NGC) on the acquisition of Bastex Schädlingsbekämpfung & Hygienetechnik GmbH (Bastex). NGC invested via its portfolio company Gebäudereinigung & Dienstleistungen Gelford GmbH (Gelford). 

Bastex, based in Essen, Germany, has been a trusted partner for pest control and hygiene technology for more than 25 years. Gelford, the leading provider of building services in and around Essen, Germany, complements Bastex's service offering to its thousands of loyal customers. 

NGC is an entrepreneurial investment company that invests capital for a listed holding in German SME companies. Gelford’s investment in Bastex by acquiring a majority stake was part of a succession plan. 

KWM has already advised NGC on the acquisition of Gelford in summer 2020. 

Advisors to NGC Nachfolgekapital GmbH: 

Dr. Peter Polke, Simon Brandt (PSL) (both Corporate), Markus Hill, Viktoria Rosbach (both Tax)  

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