Milbank LLP advised capiton AG (“capiton”) on the sale of its portfolio company GRITEC TopCo GmbH (“GRITEC”) to Viessmann Generations Group (“Viessmann”). GRITEC is Germany’s largest solution provider of turnkey technical buildings and stations for energy-, water- & industrial infrastructure. The company specializes in intelligent infrastructure and key components in the shift towards a decentralized and renewable-based energy grid. The transaction is subject to the approval by the competent merger control authorities. capiton is an independent private equity fund manager that advises funds of EUR 1.6 billion. Founded in 1984 as the investment operation of a large insurance group, capiton became an independent partnership in 2004. capiton currently invests out of the most recent fund capiton VI. Investors of the capiton investment programs are renowned national and international institutional investors. Viessmann, founded in 1917, is today an independent family company and a globally diversified group. All activities are based on the company’s purpose "We co-create living spaces for generations to come”. This is the passion and responsibility that the large worldwide Viessmann family brings to life every day. In line with this goal, Viessmann offers companies and co-creators an ecosystem that is committed to avoiding, reducing and storing CO2 beyond the heating industry. The Milbank team was led by partner Martin Erhardt and special counsel Michael Pujol (both Corporate/M&A) and included partner Thomas Kleinheisterkamp (Tax), special counsel Gerrit Merkel (Finance) as well as associates Svenja Tauchmann, Florian Weustenfeld, Thomas Vogl (all Corporate/M&A), Adrian Müller-Achenbach (Finance) and Jan Maas (Antitrust).