Heuking Kühn Lüer Wojtek provided counsel to Odewald KMU, a German company specializing in the holding of mid-sized companies, on the acquisition of Polytech Group.
Polytech Group is a leading service partner in the field of eye surgery and supplies ophthalmology surgeons with a comprehensive product range in cataract surgery. In addition to state-of-the-art intraocular lenses, the product portfolio also encompasses medical devices and surgical instruments and accessories. Founded in 1989, Polytech Group currently employs a staff of around 50 and in the past fiscal year reported sales in excess of EUR 20 million. It is represented in Germany, Austria, Hungary and Poland.
The Odewald KMU fund invests in medium-sized, established high-growth companies in Germany with sales of up to EUR 100 million. Investors in Odewald KMU are mainly German institutional investors, but also include asset management companies and private investors.
For Heuking Kühn Lüer Wojtek, this represents already the fourth successful acquisition in which the Cologne-based M&A team provided lead counsel to Odewald KMU. In 2009, Helmut Klingel GmbH, specializing in CNC milling of special materials, and the Ebert HERA group, which offers industrial services in piping and plant construction, were acquired. In 2010, Heuking Kühn Lüer Wojtek provided counsel to Odewald KMU on the acquisition of DPUW Deutsche Pflege und Wohnen AG, an operator of nursing homes.
Counsel to Odewald KMU: Heuking Kühn Lüer Wojtek, Cologne
Dr. Pär Johansson, Dr. Christoph Schork, LL.M., Tim Remmel, LL.M., Kristina Reinhardt (all M&A), Dominik Eickemeier (IP), Markus Schmülling (Employment Law)