23. April 2024

OPPENLÄNDER advises devolo GmbH on the sale of its business operations to the SOL Group

devolo develops intelligent home networking solutions that bring high-speed Internet to every corner of the home. With more than 45 million powerline adapters sold, devolo is one of the global market leaders and is likely to be present in many households in Germany. devolo is represented internationally in more than 10 countries and currently employs around 70 people, the majority of whom can continue to be employed.

Insolvency proceedings in self-administration over devolo’s assets were opened on 1 March 2024. Within a very short period of time, it was possible to sell the main business operations to companies of the financial investor SOL Capital by way of a transferring reorganisation with retroactive effect from 1 April 2024 and thus position the company for the future. SOL Capital Management GmbH, based in Vienna, supports companies with succession solutions, restructuring and sustainable growth with its funds.

OPPENLÄNDER advised devolo GmbH comprehensively on the international investor process and the associated labour law restructuring. OPPENLÄNDER was represented by Dr Carl Höfer (corporate law/M&A, lead), Dr Rolf Leinekugel (corporate law/M&A) and Sven Luckert (employment law).

The investor process was also supported on the seller side by the management consultancy Dr Wieselhuber & Partner GmbH with active support from AMBG – Adiutor Management- und Beratungsgesellschaft mbH.

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