With a team led by Dr. Stefan Duhnkrack, Partner at the Hamburg office, the business law firm of 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. 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.
Counsel to PREMIUM Equity Partners
Heuking Kühn Lüer Wojtek:
Dr. Stefan Duhnkrack
Dr. Christoph Froning, LL.M. (both Lead, M&A)
Dr. Katharina Prasuhn (Corporate, M&A)
Fabian G. Gaffron (Transaction Structure)
Tim Petermann (Lead Due Diligence)
Dr, Johan-Michel Menke, LL.M. (Employment)
Dr. Sören Pietzcker, LL.M. (IP)
Dr. Kai Erhardt (Corporate, Due Diligence)
Dr. Hans Henning Hoff (Real Estate)
Julia Mischke (Corporate), all Hamburg
Thomas K. W. Schrell, LL.M. (Finance), Frankfurt/Main