Heuking Kühn Lüer Wojtek advised financial investor Odewald & Compagnie on acquiring a minority interest in Scholpp Group.
Scholpp is a system provider offering worldwide installation of large and heavy equipment, including start-up and commissioning for which it also has technical equipment (own cranes) valued at over EUR 40 million available. The group employs a staff of about 1100 at 15 German and four international facilities. In 2011, the group generated revenue of about EUR 110 million after EUR 80 million in the prior-year period.
Odewald & Compagnie is the leading German independent, partner-led private equity group focusing its holdings on established, high-growth mid-sized companies in Germany, Austria and Switzerland. Since its establishment in 1997, Odewald & Compagnie has invested equity of more than one billion euro in Germany via its four fund companies. As entrepreneurial investor, Odewald & Compagnie generally acquires a majority interest and targets its investments on the growth of its holdings. Currently, Odewald & Compagnie invests from the EUR 610 million third fund Odewald & Compagnie III in mid-sized companies with revenue of EUR 400 million and an equity investment per transaction of between EUR 30 million and 50 million. The investment scenarios include succession planning, growth financing, reorganization and spin-off of business units.
Heuking Kühn Lüer Wojtek's Cologne-based M&A-Team is working for Odewald on a regular basis. Recently, Heuking Kühn Lüer Wojtek advised West LB AG and Odewald & Compagnie on the sale of its holding in Westfalia Automotive Group to DPE Deutsche Private Equity and on the acquisition of d & b audiotechnik group.
Counsel to Odewald & Compagnie:
Heuking Kühn Lüer Wojtek, Cologne: Dr. Pär Johansson, Dr. Oliver Böttcher,
Dr. Christoph Schork, LL.M., Tim Remmel, LL.M., Kristina Schneider (all M&A),
Dr. Verena Hoene (IP), Markus Schmülling (Employment Law)