Houlihan Lokey Advises GRITEC

Houlihan Lokey is pleased to announce that GRITEC TopCo GmbH (GRITEC), a portfolio company of capiton AG (capiton), has sold a majority stake to Viessmann Generations Group (Viessmann). The transaction closed in December 2024.

GRITEC is a leading European full-service provider of system-relevant infrastructure solutions. For more than 60 years, the company has secured the supply of turnkey technical buildings and stations for energy, water, and industrial infrastructure. GRITEC specialises in intelligent infrastructure and key components in the shift towards a decentralised and renewable-based energy grid and is set to play a key role in Europe’s green energy transformation. GRITEC employs 1,300 people across six locations in Germany and the Czech Republic.

capiton is an independent private equity fund manager that advises funds of €1.6 billion. Founded in 1984 as the investment operation of a large insurance group, capiton became an independent partnership in 2004. Investors of the capiton investment programmes are renowned national and international institutional investors.

Founded in 1917, Viessmann is a purpose-driven family company with a 107-year heritage and a global, broadly diversified group. In line with Viessmann’s purpose of co-creating living spaces for generations to come, the company supports industries that have a positive impact through strategic acquisitions, co-investments, and minority stakes. Key focus areas include CO2 avoidance, reduction, and capturing, as well as securing air, water, and food quality.

The acquisition of GRITEC is a strategic and coherent step for Viessmann, building on the company’s extensive expertise in energy and infrastructure and marking a new milestone in its commitment to a sustainable future.

Houlihan Lokey served as the exclusive M&A advisor to the shareholders of GRITEC. The deal team assisted in initiating, structuring, and negotiating all aspects of the transaction on its behalf. This deal represents another highly successful transaction for Houlihan Lokey.

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