CMS advises Armira on sale of AGN

Frankfurt/Main – Armira, a Munich-based investment holding, together with the Niederberghaus family and management, has sold the AGN Niederberghaus und Partner GmbH and its subsidiaries ("AGN"), the leading general planning provider with project management capabilities for the public building sector in Germany to Adagia Partners, a leading European mid-market private equity firm. Management will reinvest alongside Adagia Partners. Over the last seven years, with the support of Armira, AGN has strengthened its position as one of the leading general planning and project management firms in Germany through organic growth and selected M&A to expand its technical capabilities and geographical coverage. Closing of the transaction is expected for Q3 2025. The terms of the transaction are not disclosed.

A CMS team led by Dr Hendrik Hirsch advised Armira on all legal aspects of this complex transaction.

Armira is a Munich-based investment holding focused on direct equity investments in medium-sized, profitable family businesses as well as resilient growth companies in the DACH region, Northern Italy and beyond. Backed by an exclusive investor base of entrepreneurs and families, Armira offers capital and strategic support with a long-term perspective.

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