P+P advises Equistone on sale of Oasis Group to Argand Partners
Funds managed by the financial investor Equistone Partners Europe ("Equistone") sold their majority stake in the Germany-based Oase Group to American private equity investor Argand Partners. Equistone acquired the majority stake in OASE Group in June 2011.
OASE is a world-leading specialist for outdoor and garden water installations, especially for water gardens, aquariums and fountain technology. Based in Hörstel, North Rhine-Westphalia, OASE was founded in 1949 as a repair shop for agricultural machinery. Today, the company employs approx. 750 people and has production sites in Germany, Italy, the United Kingdom, the Netherlands and China.
P+P Pöllath + Partners comprehensively advised Equistone on the transaction with the following team across all locations:
- Ralf Bergjan (partner, lead, private equity/M&A, Munich)
- Nico Fischer (partner, tax law, Munich)
- Jens Linde (counsel, finance, Frankfurt)
- Daniel Wiedmann (counsel, antitrust/foreign investment, Frankfurt)
- Adam Denes (senior associate, private equity/M&A, Berlin).
P+P Pöllath + Partners advised Equistone on its acquisition of the Oase Group in 2011 and also advises Equistone on a regular basis, e.g., most recently on the acquisition of the trademark rights of the fashion brand Basler by the TriStyle Group, in the acquisition of its stake in streetwear dealer DefShop or the sale of EuroAvionics to the HENSOLDT Group.