Successful acquisition of DITHERM by the Portuguese investor L.T.T. Group

01 August 2018

The Rentsch Legal team has provided its services to L.T.T. Lizmontagens Thermal Technologies, a leading Portuguese engineering group focusing on thermal technology, in connection with the acquisition of a majority stake in DITHERM a.s. The DITHERM Group, which also includes Slovak subsidiary TERMOSTAV Bratislava, thus joined L.T.T. Group, comprising 28 companies around the world.

By acquiring DITHERM, L.T.T. fosters its expansion in the Central and Eastern European markets, to which it gains access thanks to the successful acquisition. The entire DITHERM Group will be able to use the know-how of L.T.T.. The former sole owner of DITHERM remains in the management of the company post-acquisition.

DITHERM is one of the largest companies in the Czech and Slovak market in the field of refractory linings for boilers and furnaces and has been in the market since 1995.

Rentsch Legal has performed the due diligence of the DITHERM Group, drafted the entire transaction documentation, negotiated the terms of the acquisition financing with the bank and ensured the smooth running of the transaction. In the course of the project, Rentsch Legal has cooperated with Slovak law firm Malata, Pružinský, Hegedüs & Partners, which conducted legal due diligence of TERMOSTAV Bratislava, and ASB Group, which carried out the financial and tax audits of the entire DITHERM Group. DITHERM was represented by Rödl & Partner.

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