Transactions

Investor Barclays Private Equity, together with the management, acquired the Konrad Hornschuch group in Baden-Wuerttemberg from DZ Equity Partner and L-EA Equity.
P+P partner Otto Haberstock and associate Christine Maechtel advised DZ Equity/L-EA Equity. Tchibo-owner, the Herz family, invested in fashion company Escada, which received an capital increase of €50 mio. Michael und Wolfgang Herz acquired an approximately 25% stake.
P+P founding partners Reinhard Pöllath and Matthias Bruse and associate Bernd Graßl (all corporate/M&A, Munich) advised Michael und Wolfgang Herz. Private equity company Odewald & Compagnie, together with capiton, acquired Walter Services, second largest service provider (Dienstleistungen) in Germany.
P+P Munich partner Benedikt Hohaus and associate Barbara Koch-Schulte advised Odewald regarding management participation. Whitehall Real Estate Funds acquired LEG Landesentwicklungsgesellschaft NRW.
Thomas Töben, P+P partner in Berlin, served as lead counsel in tax matters to Whitehall, supported by Wolfgang Tischbirek (Frankfurt partner), Konrad Enderlein, Sören Reckwardt, Thomas Wagner, Hardy Fischer (all tax, Berlin). Burda Cross Media and T-Online Venture Fund are lead investors in the second round financing of sevenload.com, one of the leading platforms for web 2.0 video contents.
P+P partner Michael Inhester and associate Christian Tönies (both M&A, Munich) advised Burda. GMT Communications Partners and Peacock Equity Fund acquired major stakes in online multiplayer company Bigpoint GmbH with a transaction volume of € 70 mio.
P+P Munich partner Philipp von Braunschweig and associate Thilo Oldiges advised GMT. HeidelbergCapital Asset Management GmbH is implementing a new private equity fund with its focus on secondary direct investments. One of the first investments was the acquisition of major stakes in Nanogate AG and the acquisition of 23 minority shares of 3i.
P+P partners Michael Inhester (Munich) and Amos Veith (Berlin), supported by Christian Tönies and Marco Eickmann, provided advice to HeidelbergCapital. HeidelbergCapital becomes major investor by acquiring 34% of Nanogate AG. Nanogate operates in a niche sector of nanotechnology by adopting and evaluating basic materials according to the needs of industry.
Michael Inhester, P+P partner in Munich, acted as lead counsel for HeidelbergCapital, supported by associates Bernd Graßl and Marco Eickmann (all M&A, corporate). SG Capital and Quartus sold shares of DC DruckChemie GmbH to 3i.
P+P partner Philipp von Braunschweig served as lead counsel to SG Capital, assisted by associates Thilo Oldiges and Carolin Vanscheid (all corporate/M&A in Munich). AgromashHolding acquires a majority participation in the Luitpoldhilfe AG.
P+P partner Andrea von Drygalski and associate Ralf Bergjan (both M&A in Munich) advised AgromashHolding. Majority participation in real property Mädler Passage in Leipzig was sold.
Founding partners Andrea von Drygalski and Reinhard Pöllath advised minority shareholder Dr. Claudia Stadelmann. Equivest/CBR sells Flabeg Group to Industri Kapital.
P+P partner Andrea von Drygalski and associates Ralf Bergjan and Steffen Ernemann provided M&A/corporate advice to Equivest, partner Benedikt Hohaus advised on management participation (all Munich). Holtzbrinck Ventures invests in internet speed dating portal KissNoFrog. With more than 60 participations, Holtzbrinck is one of the leading start-up investors in Germany.
P+P partner Michael Inhester and associate Marco Eickmann advised Holtzbrinck. German magazine publisher Burda Media invested in Glam Media, the online publisher and ad network.
Michael Inhester, P+P partner in Munich, and associate Marco Eickmann (both M&A) advised Burda. GBS Gesellschaft für Beratung und Sozialmanagement mbH acquired Ensemble Group from private owners.
P+P Munich partner Frank Thiäner (corporate) and associate Frank Bayer (tax) served as lead counsel to GBS. The management of Stabilus GmbH acquired shares in their own company through Paine & Partners from Montagu Private Equity.
P+P Munich partner Benedikt Hohaus advised the management. Arcandor AG's interest in the Highstreet joint venture (portfolio of >160 Karstadt properties) was sold to a consortium (i.a. RREEF, Pirelli) and led to a new joint venture between Whitehall Real Estate Funds and the consortium.
P+P partner Thomas Töben, together with associates Sören Reckwardt, Hardy Fischer, Allit Lohbeck and Thomas Wagner (all Berlin) provided tax advice to Whitehall. Together with the management, Barclays Private Equity acquired the automobile component supplier Novem group from Taros Capital GmbH. Novotem is located in Bavaria and is a globally active provider of interior ornaments in the premium automobile sector.
P+P partner Andrea von Drygalski was mandated by Barclays and supported by Ralf Bergjan, Jörg Maitzen and Steffen Ernemann (all M&A, Munich). HgCapital acquired Omya group.
P+P partner Otto Haberstock advised the management. SC Capital Europe et al sold DC Druck-Chemie group to 3i-Funds.
P+P partner Philipp von Braunschweig advised SC Capital Europe, supported by associates Thilo Oldiges and Carolin Vanscheidt (all M&A, corporate, Munich). GHH Radsatz and SG Capital Europe purchased the Valdunes group from Iceo. GHH and Valdunes are leading producers of railway wheels, wheelsets and axles in France, Germany, Austria, Belgium and Switzerland.
P+P partner Philipp von Braunschweig, together with associates Thilo Oldiges and Carolin Vanscheidt (all M&A, corporate, Munich), provided counsel to the acquirers. The management of Argillon GmbH acquired Argillon through Johnson Matthey from Demag Holding, a subsidiary of KKR.
P+P partner Benedikt Hohaus and associate Barbara Koch-Schulte, both specialized in management participations, advised the management of Argillon. CGS purchased the business unit Rieter Automatik GmbH, including patents, trademarks, regional distribution channels and service centers, from Swiss company Rieter Holding AG.
P+P partner Michael Inhester was head of the team which advised CGS Management on corporate and tax matters. The team involved attorneys Marco Eickmann (corporate), Christian Tönies, Benjamin Waitz (both due diligence) and Stephan Viskorf (tax). Affiliated Computer Services Inc. purchased SDS from Waterland Private Equity Investments valued at €67 mio.
P+P's Munich partner Benedikt Hohaus, together with Barbara Koch-Schulte, advised the management of SDS Business Services GmbH. Montagu Private Equity sold Stabilus GmbH to Paine & Partners. The management of Stabilus GmbH again mandated Benedikt Hohaus, one of P+P's partners in the Munich office. Previously, Benedikt Hohaus advised the management on the acquisition of Stabilus by Demag Holding and later on by Montagu Private Equity. TDF S.A.S., a portfolio company owned by Texas Pacific group, acquired T-Systems Media & Broadcast GmbH.
P+P partner Benedikt Hohaus and associate Barbara Koch-Schulte (both Munich) advised the management of T-Systems. DZ Equity Partners acquired shares in melvo GmbH.
P+P partner Otto Haberstock served as lead counsel of DZ Equity on the management buy out. He was assisted by Christine Maechtel and Georg Greitemann (both M&A, corporate) and Stephan Viskorf (tax). Homann Feinkost GmbH purchased Heinrich Hamker Lebensmittel Beteiligungs GmbH & Co. KG from Carimax GmbH and Prolin GmbH.
P+P partner Matthias Bruse provided counsel to Carimax GmbH and Prolin GmbH, assisted by partner Jens Hörmann and associate Lars Schmidt. JAZAN acquired the ACUT and Herberg groups.
P+P partner Benedikt Hohaus, together with Barbara Koch-Schulte and Alexander Pupeter (tax), advised JAZAN Vermögensverwaltungs GmbH, investment management company of Odewald & Companie, Berlin. The transaction is connected to a previous transaction in 2007. Cognetas acquired Gebrüder Gienanth-Eisenberg GmbH from Fink Holding.
P+P partner Benedikt Hohaus advised the management on the management buy out transaction. Heidelberg Capital acquired shares from the 3i group on FRAMAS Kunststofftechnik GmbH in the course of a secondary direct investment.
P+P partner Michael Inhester (lead, structuring) and associates Christian Tönies and Marco Eichmann advised Heidelberg Capital. Wellington Partners and Atlas Venture sold shares in Giga Digital Television GmbH to the Munich pay-TV-company Premiere.
P+P partner Michael Inhester (lead and structuring) and associate Marco Eickmann (corporate) represented Wellington Partners and Atlas Venture. Carl Zeiss Meditec AG, listed in the German TecDAX stock exchange, purchased Acri.Tec AG, one of the leading companies in optical surgery products.
P+P represented Cars Zeiss Meditec AG. The transaction was structured by P+P partner Michael Inhester and associates Christian Tönies (due diligence, corporate) and Stephan Viskorf (tax). Otto Group repurchased shares from the owners of WAZ group.
P+P partner Matthias Bruse, assisted by associate Bernd Graßl, served as lead counsel to the owners of WAZ group. The transaction volume was valued at €1.0 b . Whitehall Fund's affiliates real estate fund acquired a real property portfolio from Allianz valued at €1.7b. with about 190 objects.
P+P provided tax advice to Whitehall Fund, led by P+P partner Thomas Töben, with Wolfgang Tischbirek and the associates Allit Lohbeck, Konrad Enderlein, Hardy Fischer and Sören Reckwardt. P+P previously advised Whitehall Funds on tax structuring in various transactions, such as KarstadtQuelle, DEGI, GSW. Equivest Fonds acquired the REGE group from the INA-Schaeffler group, including REGE Motorenteile GmbH & Co. KG, REGE Motorenteile Verwaltungs-GmbH and REGE Brasov S.r.l. with about 1,100 employees in three locations in Germany and Rumania.
P+P partner Frank Thiäner advised Equivest on corporate issues, supported by Hanna Kappstein. P+P partner Andres Schollmeier drafted the financing structure, assisted by Benjamin Waitz. Private equity group Odewald & Companie purchased SaarGummi group.
Odewald mandated P+P partner Benedikt Hohaus, assisted by senior associate Barbara Koch-Schulte, to implement the management participation. EQT V acquired SAG group from Advent International.
P+P partners Matthias Bruse and Jens Hoermann served as legal counsel to EQT, supported by associates Franca Detert, Bernd Graßl, Lars Schmidt and Julia Sorg (M&A/corporate). In 2007, P+P advised EQT on the acquisitions of CBR and the majority of shares at Pfaff-Silberblau. Whitehall Group acquired parts of a real estate portfolio from Vivendi Group.
P+P advised the Whitehall Group on tax. The team was led by Frankfurt partner Wolfgang Tischbirek and included Thomas Töben from the Berlin office and associates Thomas Wagner and Sören Reckwardt. Prior tax advice to Whitehall was provided by P+P on structuring the Karstadt, respectively GSW and DEGI transactions. Private equity company Grazia Equity, as a leading investor in roaming provider United Mobile, mandated P+P partner Otto Haberstock and associate Georg Greitemann. Quadriga Capital and the Management of Ibsen International GmbH acquired 100% of Ibsen from Elster Group, Louxembourg.
P+P partner Benedikt Hohaus advised the management of Ibsen in connection with the management participation. He was supported by senior associate Barbara Koch-Schulte. Gilde Buy Out Partner overtook Hofmann.
Benedikt Hohaus, P+P partner in Munich, advised the management of Hofmann Menü. Robert Straub GmbH and ALAG Auto-Mobil AG & Co. KG have entered into a joint venture to operate a car and van rental business in Germany under the license of Budget Rent A Car. With 6,500 cars and more than 1,000 trucks, the joint venture is among the Top Five in the German car rental market.
P+P upcoming partner Frank Thiäner (lead) and Benjamin Waitz advised Robert Straub GmbH. Wacker Construcion Equipment AG and previous Austrian competitor Neuson Kramer merged.
P+P partner Matthias Bruse (lead), with the assistance of Lars Schmidt and Bernd Graßl (corporate/M&A), advised Wacker Construction Equipment AG. The merger's official volume is valued at about € 0.5b - inofficially its value has increased due to actual chart-development. Zurmont Madison acquired a majority participation in Röder Zeltsysteme & Service AG.
P+P partner Philipp von Braunschweig and partner Jens Hörmann advised Zurmont Madison. GE Real Estate purchased real property from HIH Hamburgische Immobilien Handlung valued at € 25m.
P+P partner Stefan Lebek, assisted by Raphael Söhlke, advised GE Real Estate.