Bryan Cave’s Frankfurt Managing Partner Dr. Tobias Fenck and Hamburg Partner Sandra Pfister comment on the legal challenges and pitfalls of buy and build transactions in the 2018 edition of Financial YearBook Germany (http://www.fyb.de). Buy and build has long been recognized as one form of value creation in private equity transactions. An experienced equity sponsor is the key for a successful strategy, Fenck and Pfister said. Due to the degree of fragmentation when setting up a group, there is a need for flexible structures and scalability of the processes. Providing appropriate legal and financing structures at an early stage is crucial to avoid structural problems during the term of the investment. FYB is one of the leading publications in the field of private equity and corporate finance in Germany. Click here to read the article, in English or German.