A team led by Dr. Thorsten Kuthe from the business law firm Heuking Kühn Lüer Wojtek’s Cologne office advised Medisana AG on the public takeover by Comfort Enterprise (Germany) GmbH, a subsidiary of Xiamen Comfort Science & Technology Group Co., Ltd. (Easepal). Via several transactions with the major shareholders, including CEO Ralf Lindner and the Chairman of the Supervisory Board, Thies Goldberg, Easepal acquired a total of 75.31 percent in Medisana AG and published a voluntary public takeover offer for the Medisana AG shares.
The two companies have been linked by a business relationship for several years. The acquisition is part of an internationalization strategy and is planned to provide significant benefits to both companies including the accelerated development of new products and mobile applications, expanded market reach and product assortments, as well as optimized sourcing.
Neuss-headquartered Medisana AG develops, markets and sells home and mobile healthcare products for health-conscious consumers worldwide. Particularly the areas of connected healthcare products and mobile health are expected to hold significant growth potential for the company.
Founded in 1996, Xiamen Comfort Science & Technology Group Co., Ltd. is a leading Chinese company in the healthcare industry spanning the full industry value chain including research & development, manufacturing, branding, and marketing.
Thorsten Kuthe has been advising Medisana AG for more than 10 years.
Counsel to Medisana AG
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead),
Christopher Görtz (all Capital Markets), all Cologne
Dr. Götz G. Karrer, Düsseldorf