Heuking Kühn Lüer Wojtek advised German investment firm Odewald KMU, which specializes in medium-sized businesses, on the sale of its stake in 7days group, a provider of workwear for the healthcare sector, to private equity firm Silverfleet Capital. A team led by Cologne-based partner Dr. Pär Johansson worked extensively on this transaction on behalf of Odewald KMU. Marc Staperfeld and Ulrich Dölken, founders of 7days group, will remain with the company by way of share buyback.
7days designs, manufactures, and sells workwear for the medical professions. The product range includes physicians' and laboratory coats, tops, pants, shoes, and accessories with a special focus on medical and dental practices. Founded in 1999, the company is headquartered in Lotte near Osnabrück.
Odewald KMU is an independent German investment firm. The company generally acquires majority interests in profitable, fast-growing companies in German-speaking countries with sales of up to EUR 100 million.
The team led by Cologne-based partner Dr. Pär Johansson has been advising Odewald KMU for several years, including on the participation of the second KMU fund in Karl Schmidt group in January 2017.
Counsel to Odewald KMU
Heuking Kühn Lüer Wojtek:
Dr. Pär Johansson (Lead),
Dr. Philipp Jansen,
Dr. Christoph Schork, LL.M. (all Private Equity, Corporate/M&A), all Cologne
Fabian G. Gaffron (Tax),
Dr. Frederik Wiemer (Antitrust), all Hamburg