International law firm Simmons & Simmons has successfully advised DMS Group and private equity growth investor, Avedon, on its acquisition of a majority stake in the NEA Group.
Avedon’s add-on investment into NEA – a German-headquartered specialist in business process outsourcing (BPO) for the energy and metering sectors – will support its long-term growth strategy and enable the further expansion of Avedon’s existing portfolio company, DMS Group, which Avedon acquired in 2023. Simmons also advised on that platform transaction.
The acquisition adds additional resources and workforce in Germany, Romania, and Spain and will broaden DMS Group’s service capacities and customer reach. The Spanish part of the transaction will be closed in due course. Avedon’s investment is also supported by the re-investment of NEA’s sellers and managers, Patrick Müller and Melanie Müller, who will remain engaged in the daily operations.
The cross-border Simmons team from Düsseldorf and Madrid was led by Dr Christian Bornhorst (Partner, Düsseldorf, Private Equity, Head of Corporate and M&A in Germany) and Sabine Krause (Managing Associate, Düsseldorf, Private Equity). The team leveraged its deep expertise in private equity and ENRIC (energy, natural resources, infrastructure and construction) to support the successful execution of the transaction.
Commenting on the transaction, Christian Bornhorst said: “We are proud to have worked with Avedon again and to have supported them on this strategic investment, which strengthens their position in the energy BPO sector and creates a powerful platform for future growth. The collaboration between NEA and DMS Group will unlock significant synergies and innovation potential.”
