16 03 2016

PREMIUM Equity Partners acquires WEKA Group

Heuking Kühn Lüer Wojtek legally advised PREMIUM Equity Partners GmbH, Frankfurt/Main, comprehensively on the majority takeover of Neubrandenburg-based WEKA Group.


The sale was concluded via the funds managed by PREMIUM Equity. In addition to PREMIUM Equity, Lampe Mezzanine Fund I GIKG, managed by Lampe Capital Finance GmbH, and the fund managed by Parvilla SAS, Paris, also acquired stakes in the company. The sellers are a fund of Hamburger BPE Unternehmensbeteiligungen G.m.b.H. and other co-investors. Management continues to participate in the company and will further advance its successful development.
 
WEKA develops, creates, and sells prefabricated wooden construction kits for house and garden in the premium segment. In particular, the company offers garden and tool sheds, gazebos, and carports, as well as saunas and infrared cabins. It has two manufacturing sites in Neubrandenburg and a sales office in Wittlich/Rhineland-Palatinate. With some 120 employees, WEKA generated revenue of about EUR 33 million in 2015.
 
PREMIUM Equity Partners is a private equity platform, founded in 2011, focusing on German mid-sized companies. It provides capital for sustained growth, ownership succession, and corporate spin-offs to small and medium-sized enterprises in the industrial, consumer goods, and retailing sectors in Germany. The firm, led by Wolf-Dietrich Loose, Thomas Duhnkrack, Peter-Paul Schmidt-Fischer, Marcel van Wijk and Eckart Kottkamp, is based in Frankfurt. In the future, PREMIUM Equity Partners will support WEKA in expanding its business and in attracting new customer groups and distribution partnerships.
 
WEKA is already the third transaction for PREMIUM Equity Partners. It was preceded by investments in ACTech Group, a European leader in rapid prototyping in the automotive industry, and in Antennentechnik Bad Blankenburg, a manufacturer of high performance antennas and wireless technology. Heuking Kühn Lüer Wojtek has advised PREMIUM Equity Partners with a team led by Stefan Duhnkrack (Picture), Christoph Froning, LL.M. (both Lead, M&A), Katharina Prasuhn (Corporate, M&A), Fabian G. Gaffron (Transaction Structure), Tim Petermann (Lead Due Diligence), Johan-Michel Menke, LL.M. (Employment), Sören Pietzcker, LL.M. (IP), Kai Erhardt (Corporate, Due Diligence), Hans Henning Hoff (Real Estate), Julia Mischke (Corporate) and Thomas K. W. Schrell, LL.M. (Finance). Involved fees earner: Stefan Duhnkrack - Heuking Kühn Lüer Wojtek; Christoph Froning - Heuking Kühn Lüer Wojtek; Katharina Prasuhn - Heuking Kühn Lüer Wojtek; Tim Petermann - Heuking Kühn Lüer Wojtek; Kai Erhardt - Heuking Kühn Lüer Wojtek; Julia Mischke - Heuking Kühn Lüer Wojtek; Johan-Michel Menke - Heuking Kühn Lüer Wojtek; Søren Pietzcker - Heuking Kühn Lüer Wojtek; Hans Henning Hoff - Heuking Kühn Lüer Wojtek; Thomas Schrell - Heuking Kühn Lüer Wojtek; Fabian Gaffron - Heuking Kühn Lüer Wojtek;

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