Stevens & Bolton’s mid-market M&A team has advised Drees & Sommer S.E. a leading European consulting, planning and project management company headquartered in Stuttgart, Germany, on its acquisition of the AA Projects Group, a UK construction consultancy company, from its existing management.
Drees & Sommer provides consulting services to both private and public clients in all aspects of real estate and infrastructure and has roughly 4,500 employees in 51 locations across Europe, the Middle East, China and the Asia Pacific. The Stevens & Bolton team advised on Drees & Sommer’s first phase minority investment in AA Projects in March 2022 with the full acquisition being aiming to complete in a second phase in December 2023. Due to the successful working relationship between Drees & Sommer and AA Project’s management team, the second phase was brought forward to 31 March 2023.
AA Projects has over 230 employees in seven locations across the UK specialising in design and consultancy in the automotive, logistics, data centre, healthcare, education, residential and hospitality sectors.
Nick Atkins, corporate partner at Stevens & Bolton said: “We are delighted to have worked with the Drees & Sommer team on their initial minority investment last year and are pleased that the strong working relationship between the parties has resulted in the full acquisition being completed ahead of schedule this year. We wish Drees & Sommer and AA Projects all the best together.”
The Stevens & Bolton team was led by corporate partner Nick Atkins with support from Francesca Messina (corporate), Keshav Rikhi (corporate), Natasha Dean (corporate), Melanie Shone (corporate tax), Lloyd Davey (employment), Chantelle de Filippis (employment), Gary Parnell (commercial) and Matthew Padian (banking).
Nick Atkins