On July 31, 2019 Callista Private Equity GmbH (“Callista Private Equity”) announced the acquisition of the entire shares of AST Anlagen Systeme Technik Service GmbH (“AST”) by Callista Holdings GmbH & Co. KG. The company was sold in the course of a structured process by AIR LIQUIDE Medical GmbH.

AST is a system supplier of technologically sophisticated solutions in special plant construction for the healthcare sector and industry with a focus on services for medical gas supply technologies. The company is active throughout Germany and supplies hospitals, laboratories and industrial customers.

Within the first months post transaction Callista Private Equity will focus on the carve-out from the group of the Seller and on trimming the company looking ahead for standalone capability in the market. AST will be able to develop freely outside the AIR LIQUIDE Group and aim for growth. This is to be achieved on the one hand by new employees throughout Germany, and on the other hand by suitable acquisitions of further companies in the market

M&A process

The sellers were advised in the M & A process by Dr. Nadine Ulrich and Dr. Michael Thiele from Thiele & Associates Beratung und Beteiligungen AG, a well established M&A advisory firm focused on high-end midcap transactions. As member of Pandion Partners International Mergers & Acquisitions, Thiele & Associates is working with partner offices in 18 countries globally.