Houlihan Lokey Advises Adiuva Capital

Houlihan Lokey is pleased to announce that Adiuva Capital (Adiuva) has agreed to sell KONZMANN GmbH (KONZMANN Group or the company), a leading platform for technical building services in Germany, to KLAR Partners (KLAR). This transaction is subject to customary regulatory approvals.

KONZMANN Group is a leading group of 21 specialised companies offering comprehensive technical building services (TBS) across Germany. With around 1,100 employees across more than 30 locations, the company delivers 360° building technology and energy services, including heating, ventilation, sanitation, cooling, refrigeration, electricity, engineering, and building automation, and serves customers across commercial, public, and private sectors. KONZMANN Group is recognised for its sustainable, innovative, and decentralised approach to building lifecycle management, which combines regional presence with in-house engineering and design capabilities. In 2024, it generated a total output of approximately €180 million.

Under Adiuva, an owner-managed investment company based in Hamburg with a focus on medium-sized companies, KONZMANN Group has successfully strengthened its position as one of the leading midsized 360° TBS platforms through organic growth and extensive M&A to expand its capabilities and geographical coverage.

With KLAR’s support, KONZMANN Group aims to build on its position as a trusted partner for customers and an attractive employer in the industry to pursue growth opportunities across the German market.

KLAR Partners is an independent, middle-market private equity firm focused on field services, professional services, and industrial technology. Headquartered in London, KLAR invests across Northern Europe and currently has more than €1.5 billion in assets under management.

Houlihan Lokey served as sellside advisor to Adiuva and the shareholders of KONZMANN in a deal that exemplifies its continued success within the facility and residential services sector.

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