The successful private equity team led by Dr. Pär Johansson again advised Odewald KMU II on the acquisition of an equity stake. Supported by the lawyers of Heuking Kühn Lüer Wojtek, Odewald KMU II acquired a majority interest in ARTUS Gesellschaft für Brand- und Wasserschadensanierung mbH and in ARTUS Projekt GmbH.
ARTUS is a regionally leading loss adjuster in the field of fire, water, and natural hazard losses, and consequential losses headquartered in Langenhagen near Hanover. It is operating a network of seven branches in Lower Saxony, Hamburg, Bremen, Berlin, and Leipzig. ARTUS was founded in 2012 and currently employs some 100 people. The company offers comprehensive solutions for the entire remediation process. Services offered cover the entire remediation process, from initial measures and damage logging to cleaning, drying, and full restoration. Its clients are mainly insurance companies and their customers.
To support further growth, the founding shareholders entered into a partnership with Odewald KMU II, an investment firm specializing in high-growth medium-sized companies. Odewald KMU II acquired a majority stake in ARTUS. The founders will continue to hold a significant stake in the company. The parties have agreed not to disclose the amount of the investment or its additional details.
ARTUS is the seventh investment made by Odewald KMU II, a fund with a volume of EUR 200 million. The Odewald KMU II fund invests in attractive target markets in German-speaking SMEs. It focuses on profitable, fast-growing medium-sized companies in the fields of “German engineering,” intelligent services, and health. Typical investment reasons are succession arrangements and/or growth financing. Generally, these companies generate sales of between EUR 20 million and EUR 100 million, have an entrepreneurially oriented management, are highly successful operationally, and occupy a market-leading position in the relevant market. Equity investments of EUR 5 million to EUR 30 million are made per transaction. The Cologne-based private equity experts led by Dr. Pär Johansson are regularly advising Odewald KMU.
Counsel to Odewald KMU II
Heuking Kühn Lüer Wojtek:
Dr. Pär Johansson (Lead),
Kristina Schneider, LL.M.,
Tim Remmel, LL.M.,
Laura Rilinger (all Private Equity, Corporate/M&A),
Dr. Sascha Schewiola (Employment),
Dr. Verena Hoene, LL.M. (IP), all Cologne