POELLATH advises Bäcker Görtz GmbH on acquisition of papperts GmbH

Bäcker Görtz GmbH (“Bäcker Görtz”), a portfolio company of the private equity fund FSN Capital VI, advised by FSN Capital, has acquired a stake in the traditional bakery company, papperts GmbH (“papperts”). The merging of Bäcker Görtz and papperts creates one of the leading bakery groups in Germany. It also lays the foundation for a value creation strategy focused on inorganic growth in the German bakery sector – with the aim of strengthening established bakery companies through cooperation and ensuring their long-term development. The founders and previous owners of papperts will remain part of the newly formed group. POELLATH provided tax advice to Bäcker Görtz in connection with the acquisition.

Based in Eichenzell (near Fulda), papperts GmbH is one of Germany’s leading bakery companies with over 160 specialty shops in Hesse, Bavaria and Thuringia. Papperts represents genuine craftsmanship, high-quality baked goods made from regional ingredients, and a modern production infrastructure. Approximately 1,900 employees ensure a daily supply of fresh bread, rolls, pastries and savory snacks – always with the goal of ensuring quality and continuity for generations.

FSN Capital was founded in 1999 and is now one of the leading private equity firms in Northern Europe. With assets under management of around EUR 4 billion, the private equity funds advised by FSN Capital primarily invest in medium-sized companies in Northern and Central Europe – particularly in the DACH region and Scandinavia. Their investment focus is on high-growth companies in the business services, industry, IT & software and infrastructure sectors.

POELLATH and the following Munich-based team advised Bäcker Görtz on tax matters in connection with the acquisition:

• Dr. Nico Fischer (partner, tax)
• Dr. Saskia Bardens (senior associate, tax)