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BPE sells DuoTherm roller shutters

Berlin – While working at SMP, members of the YPOG team advised a fund managed by Hamburg-based financial investor BPE and the management on the sale of DuoTherm Rolladen GmbH (DuoTherm) based in Nettersheim-Zingsheim to French sun protection equipment manufacturer StellaGroup, a pan-European portfolio company of PAI Partners SAS. BPE was advised by a team led by partner Jörn Wöbke. The team advised on all legal as well as various tax matters in connection with the transaction. The firm has recently supported BPE on the management buy-out of the Civil Engineering Business of Dätwyler as well as on the acquisition of Hasenkopf Industrie Manufaktur.


BPE is a Hamburg-based financial investor that specializes in company successions and group spin-offs with a particular focus on the German "Mittelstand". For over 20 years, BPE has been solving company successions especially by financing management buy-outs or buy-ins.


DuoTherm is specialized in the development, production and distribution of sun protection systems such as roller shutters, external venetian blinds and fabric shading systems. The company maily sells its products through specialist distributors such as window manufacturers or construction dealers. In 2020, the company generated sales of approximately EUR 27 million. DuoTherm currently employs around 135 members of staff and is considered a brand known for product quality and its services.

Advisors BPE:

Dr. Jörn Wöbke (Lead/M&A/Corporate), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Moritz Diekgräf (M&A/Corporate), Associate

About us

YPOG is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation, Transactions, IP/IT and notarial services. The Team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. YPOG is one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, YPOG has more than 70 experienced lawyers and tax specialists and a notary, in three offices in Berlin, Hamburg and Cologne. More information about YPOG: and