With a team led by Dr. Michael Dröge, partner at the Hamburg office, Heuking Kühn Lüer Wojtek advised the shareholders of PPS. Imaging GmbH on the sale of a majority stake to NORD Holding. The investment of NORD Holding is intended to continue the expansion of PPS. group. The acquisition price has not been disclosed.
As part of the transaction, general managers Michael Krieger (CEO) and Roland Niggemeyer will remain associated with the company both operatively and as shareholders.
PPS. Imaging GmbH and its subsidiaries are specialized service providers for large-format digital print at seven sites in Germany. In addition to the Hamburg headquarters, the group has branches in Berlin, Cologne, Bochum, Dresden, Stuttgart, and Munich. It also operates sites in Amsterdam, The Netherlands, and in Hungerford, UK. With more than 300 employees, the group generated revenue of EUR 40 million in 2016.
NORD Holding is one of the leading equity investors for the premium segment of mid-sized companies and focuses mainly on supporting their expansion. Investors include several north German savings banks, public sector insurance companies, utilities, and Norddeutsche Landesbank.
Counsel to Shareholders of PPS. Imaging GmbH
Heuking Kühn Lüer Wojtek:
Dr. Michael Dröge (Lead)
Christoph Prochnau, LL.B.
Julia Cramer (all M&A/Corporate)
Dr. Stefan Bretthauer (Antitrust), all Hamburg