A team led by Dr. Stefan Duhnkrack advised funds advised by PREMIUM Equity Partners, Frankfurt/Main, on the sale of all shares in weka group to Dutch Outdoor Life Group (OLG). weka, headquartered in Neubrandenburg, employs some 140 people and generates sales in excess of EUR 30 million. The group works in two concept worlds: The garden world segment includes garden houses, terrace roofing, children’s play equipment, swimming pools, and carports. The wellness sector is served with high-quality saunas and infrared heat cabins. The parties have agreed not to disclose the purchase price. The transaction is subject to approval by the competent antitrust authorities.
PREMIUM Equity Partners had acquired weka in 2016 and focused on the implementation of new strategic initiatives. These included in particular the development of new sales channels and customer groups as well as the product range expansion with alternative materials such as wood-based materials and metal. In the future, the new owner OLG and weka intend to use synergies to become a European market leader.
PREMIUM Equity Partners is an investment firm established in 2011 that invests in strong niche companies in the Germany/Austria/Switzerland region with sales between EUR 10 million and EUR 50 million. PREMIUM Equity Partners provides the companies with capital for growth financing, corporate succession, and spin-offs.
Duhnkrack and his team have been advising PREMIUM Equity Partners for quite some time now, most recently on the acquisition of a majority stake in Dresden-based mechanical engineering company KAMA GmbH.
Counsel to PREMIUM Equity Partners GmbH
Heuking Kühn Lüer Wojtek:
Dr. Stefan Duhnkrack (Lead, M&A), Hamburg
Dr. Katharina Prasuhn (Corporate, M&A),
Dr. Hans Henning Hoff (DD, Corporate),
Dr. Stefan Bretthauer (Merger Control),
Fabian G. Gaffron (Tax), all Hamburg