ARDIAN, one of the world's leading independent investment companies, is selling the Munich Heinemann Bogen to the real estate company Coros.

 

The property, built in 1990, was acquired by Ardian Real Estate in 2017 and comprehensively modernized in 2020. The high-potential property was thus successfully further developed.

 

Coros is an integrated real estate company that covers all relevant services along the value chain in high quality and thus further develops the individual potential of a property.


ARDIAN has a global network with more than 700 employees and 15 offices in Europe, South America, North America and Asia. Ardian manages the assets of its more than 1,100 investors in five investment areas: Direct Funds, Funds of Funds, Infrastructure, Private Debt and Real Estate.

 

taxess provided tax and structural advice on the sale.

 

 

ARDIAN - buys "WestendCarree"

ARDIAN, the leading, independent investment company, buys the "WestendCarree" office complex in Frankfurt's Grüneburgweg. It is the sixth investment by Ardian Real Estate in Germany. The parties involved have agreed not to disclose the volume of the transaction.

 

The WestendCarree office complex, built in 1989, was last renovated in 2010 and extends over 31,000 square meters of rental space. The aim is to adapt the equipment of the WestendCarree to the most modern office space configurations and working conditions.

 

As a leading private investment company, ARDIAN currently manages approximately US $ 110 billion in assets in Europe, America and Asia. Ardian puts entrepreneurship first and focuses on delivering great investment performance to its global investor base.

 

taxess provided tax and structural advice on the acquisition.

 

 

Armira acquires a majority stake in Salesfive

Armira acquires a majority stake in Salesfive. Armira is a Munich-based holding group focused on equity investments between EUR 20m and EUR 200m in market-leading medium-sized "Mittelstand" businesses in DACH.

 

Salesfive is an independent Germany-based digital transformation consultancy and top five full-service Salesforce partner in German-speaking Europe. Salesfive acts as a strategic digitalization and IT sparring partner with a dedicated Salesforce focus, covering the entire service value chain from individual process consulting, implementation services to tailor-made software development and customer trainings.

 

taxess advised Armira on Tax Due Diligence and transaction structuring.

 

 

 

Swissbit – grows through acquisition of Hyperstone

Swissbit Holding AG, a worldwide operating leading manufacturer of flash storage and security solutions for industrial applications, has acquired Hyperstone GmbH, a leading provider of flash memory controllers, from CML Microsystems Plc. With this participation, Swissbit is deepening its added value and technological competence. It is also expanding its position as an independent European manufacturer of storage and security products. The parties have agreed not to disclose the volume of the transaction.

 

Hyperstone designs and develops high-quality, innovative semiconductor solutions. The products are used in the production of industrial, embedded automotive and global data storage applications. The company was founded in 1990 and is a fabless NAND flash memory controller company enabling safe, reliable and secure storage systems. With a focus on industrial solutions, the company strives to be the key component in world-class products for industrial, embedded, automotive and global data storage applications.

 

Swissbit was created through a management buyout from Siemens Semiconductor in 2001 with subsidiaries in Switzerland, Germany, USA, Japan and Taiwan. The company develops and produces industrial storage and security products "Made in Germany" with the highest level of reliability, long-term availability and customer-specific optimization. Swissbit is the only independent provider of storage products and embedded IoT solutions for demanding applications in Europe. The focus of joint development projects by Swissbit and Hyperstone is on innovative solutions in the attractive growth market for security and embedded IoT.

 

taxess advised the buyers on tax and structural matters.

 

 

ARDIAN – majority stake in GBA Group

ARDIAN, the independent private investment company announces the acquisition of a majority stake in GBA Group. The parties have agreed not to disclose the volume of the transaction.

 

The GBA-Group is one of the leading laboratory and consulting service providers in Europe with core competencies in environmental, food and pharmaceutical analysis. Unique characteristics of the Company are its comprehensive & differentiated service and testing portfolio, strong service orientation, cutting edge innovation capabilities and its high customer loyalty. These features have assured the business a superior competitive positioning. Founded in 1989 and headquartered in Hamburg, GBA Group offers its services mainly in the DACH region.

 

ARDIAN is a world-leading private investment house with assets of US$ 96bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

 

taxess advised the buyers on tax and structural matters.

 

 

3i Add-on investment - Polhus AB

3i Group expands its investment in A-Z Gartenhaus GmbH, the leading online retailer for large garden and house products. As part of the transaction, A-Z Gartenhaus GmbH acquired the Swedish garden house manufacturer Polhus AB.

 

Polhus AB, headquartered in Malmö, was founded in 2001 and is a eCommerce specialist for garden houses, saunas and many other garden and house-related products in the mid-to-upper price segment.

 

3i Group is an investment company that focuses on investments in the core markets of Northern Europe and North America. 3i's private equity team offers investment solutions for companies that are in a growth phase and supports founders and management teams of medium-sized companies with an enterprise value of between EUR 100 and 500 million.

 

taxess advised 3i on tax and structural matters on the acquisition of Polhus AB.

 

 

ARDIAN Investments: Sale of Schleich

Novum Capital, a Frankfurt-based investment firm, has sold the manufacturer of confectionery Schluckwerder to the Irish food giant Valeo Foods. The parties have agreed not to disclose the volume of the transaction.

 

Schluckwerder, stands for progress and development of Marzipan, Chocolate and Chocolate Specialties for almost 60 years. The products range from classical Rumtruffles over Chocolate-Jazzies and Cookies with Colorful Sprinkles until the Marzipan Rounds with Plum in Madeira.

 

Valeo Foods Group is a leading international food business with growth platforms in the UK, Europe, and Ireland, each with its own diverse portfolio of leading food brands.

 

Novum Capital invests in small and medium-sized companies with an annual revenue of up to 200 million euros on behalf of German and international pension funds, private pension schemes and foundations. The goal of these investments is to increase the value of the company by providing growth capital and business expertise; to improve profitability in a sustainable manner for further growth financing; and to enhance the benefits of the business model.

 

taxess advised the sellers on tax and structural matters on the disposal of the stake.

ARDIAN, the independent private investment company, is selling GANTNER Group to SALTO Systems. GANTNER Group is a specialist in electronic access, ticketing and billing systems as well as smart locks for lockers. The parties have agreed not to disclose the volume of the Transaction.

 

GANTNER, founded in 1982 and headquartered in Nueziders, Austria, is a leading European manufacturer of systems that enable automatic and contactless identification based on RFID (Radio Frequency Identification) and NFC (Near Field Communication) technology

 

ARDIAN is a world-leading private investment house with assets of US$ 96bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

 

taxess has advised the sellers on tax aspects of the sale. 

 

 

taxess advises on 3i Acquisition of Lampenwelt

3i Group invests €70m in A-Z Gartenhaus GmbH, a leading online retailer for large garden and home products. As part of the transaction, not only 3i but also the management team and board of A-Z Gartenhaus GmbH will invest to become shareholders in the business.

 

A-Z GartenHaus GmbH, headquartered in Hamburg, was founded in 2002 and is a eCommerce specialist for garden houses, saunas and many other garden and house-related products in the mid-to-upper price segment. The company is characterized by its innovative product development, excellent customer service and its complex logistics know-how.

 

3i Group is an investment company that focuses on investments in the core markets of Northern Europe and North America. 3i's private equity team offers investment solutions for companies that are in a growth phase and supports founders and management teams of medium-sized companies with an enterprise value of between EUR 100 and 500 million.

 

taxess advised 3i on tax and structural matters on the acquisition of the stake.

 

 

Armira, has sold Shares in F24-Group, a pan-European sector leader for emergency notification, crisis and incident management and critical communications, to HgCapital. The parties have agreed not to disclose the volume of the Transaction.

 

F24 is the leading software-as-a-service (SaaS) provider for emergency notification and crisis management (FACT24) and for sensitive and critical communications (eCall) in Europe. With FACT24, the company is able to offer a highly innovative solution and help customers around the world to successfully and efficiently manage incidents, emergencies and critical situations. F24 has an international customer base of more than 2,500 clients in over 100 countries served by more than 170 employees at 12 locations.

 

Armira is an entrepreneurially managed industrial holding company based in Munich that invests in Mittelstand companies in the German-speaking region. The focus is on established, profitable companies with a turnover of between EUR 50 and 500 million. Armira’s shareholders are exclusively entrepreneurs or entrepreneurial families. The Armira company portfolio currently generates sales of over EUR 1.5 billion and employs more than 8,000 people.

 

taxess has advised Armira and the Management of F24 AG on tax aspect of the sale.

 

 

ARDIAN: Acquisition of Swissbit

ARDIAN, the independent private investment company, has acquired Swissbit Group. Swissbit Group is a manufacturer of secure, high-quality storage and embedded Internet of Things (IoT) solution. The parties have agreed not to disclose the volume of the transaction

 

Swissbit was founded in 2001 through a management buy-out of Siemens AG, and has offices in Switzerland, Germany, USA, Japan and Taiwan. The company develops and manufactures industrial-grade storage and security products "Made in Germany" with long-term availability, high reliability and custom optimization. Swissbit is the only independent European manufacturer of storage and embedded IoT solutions for demanding applications

 

ARDIAN is a world-leading private investment house with assets of US$ 96bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

 

taxess has advised the acquisition entity on the tax structure of the acquisition and has carried out the tax due diligence.

 

 

GANTNER, an Ardian portfolio company, has acquired Contidata Datensysteme GmbH, the German market leader for cashless payment systems in company canteens, from the company founders Werner and Burghard Genter. The parties have agreed not to disclose the volume of the transaction

 

Contidata, with more than 1,000 installations in German-speaking countries, is a pioneer, market leader and visionary for innovative and cashless payment systems in the field of mass catering. For more than 30 years, Contidata has specialised in the development, production and distribution of future-oriented, high-performance and secure ePayment solutions based on all common chip card technologies as well as time recording and access control systems. Among the company’s customers are a large number of DAX-listed companies who have been relying on Contidata’s system solutions in the catering industry for years.

 

ARDIAN is a world-leading private investment house with assets of US$ 96bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

 

taxess has advised GANTNER Electronic Germany Holding GmbH on the tax structure of the acquisition.

 

 

Novum Capital, a Frankfurt-based investment firm, is selling VulkaTec, one of the European market leaders for roof and tree substrates to die Paul Bauder GmbH & Co. KG. The parties have agreed not to disclose the volume of the transaction.

 

VulkaTec is specialized in the production, formulation and supply of plant substrates predominantly based on volcanic rock materials. The product portfolio includes plant and vegetation substrates, aggregates, building materials and filter materials.


 
Novum Capital invests in small and medium-sized companies with an annual revenue of up to 200 million euros on behalf of German and international pension funds, private pension schemes and foundations. The goal of these investments is to increase the value of the company by providing growth capital and business expertise; to improve profitability in a sustainable manner for further growth financing; and to enhance the benefits of the business model.


 
taxess has advised Novum Capital on tax aspects of the sale.

 

 

Armira has acquired Scheu-Dental Group, that manufactures and sells dental equipment and related products and services. Seller is inter alia the shareholder and Managing Director Mr Christian Scheu, who will continue to hold a stake in the company. The parties have agreed not to disclose the volume of the transaction

 

Scheu-Dental was formed more than 90 years ago in Iserlohn, Germany, and is a worldwide developer and distributor of products and services for orthodontics, in particular thermoforming technology, 3D printing, and sleep medicine.

 

Armira is an entrepreneurially managed industrial holding company based in Munich that invests in Mittelstand companies in the German-speaking region. The focus is on established, profitable companies with a turnover of between EUR 50 and 500 million. Armira’s shareholders are exclusively entrepreneurs or entrepreneurial families. The Armira company portfolio currently generates sales of over EUR 1.5 billion and employs more than 8,000 people.

 

taxess has advised the acquisition entity on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

ARDIAN Investments: Acquisition of Saal-Digital

ARDIAN, the independent private investment company, has acquired Saal Digital Group. Saal Digital is a leading online platform that sells high-quality photo products to end customers in Europe. The investment is made via the Ardian Expansion Fund IV. Seller is Nordwind Capital, who, together with the Saal family, will continue to hold a substantial stake in the company. The parties have agreed not to disclose the volume of the transaction

 

Saal Digital was founded by Reinhard Saal in Siegen in 1986 and is as of today a leading online platform for high-end photo products in Europe, Germany. With more than 160 employees, the company develops and makes products such as photo books with special lay-flat bindings and wall prints on aluminum Dibond or under acrylic glass and distributes them in 24 countries.

 

ARDIAN is a world-leading private investment house with assets of US$ 96bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

 

taxess has advised the acquisition entity on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

Bookwire: Sale of shares to VR Equity Partner

Bookwire, ein führender Anbieter von Softwarelösungen und Digitaldienstleistungen für das Verlagswesen, hat Anteile an VR Equitypartner veräußert. Zum Volumen der Transaktion haben die Beteiligten Stillschweigen vereinbart.

 

Bookwire wurde in 2009 als Dienstleister für Verlagsauslieferungen von E-Books und digitalen Inhalten in Frankfurt gegründet und hat sich zu einem führenden internationalen Unternehmen im Bereich der Digital Publishing-Technologie entwickelt. Das Unternehmen beschäftigt über 50 Mitarbeiter in Deutschland, Spanien, Großbritannien, Brasilien und Mexiko und konnte in den vergangenen Jahren ein kontinuierliches Umsatzwachstum im zweistelligen Prozentbereich realisieren.

 

taxess hat Bookwire bei dem Verkaufsprozess steuerlich beraten.

 

 

ARDIAN Investments: Sale of Schleich

Novum Capital, a Frankfurt-based investment firm, has acquired the Schluckwerder Group, a manufacturer of confectionery. The parties have agreed not to disclose the volume of the transaction.

 

Schluckwerder, stands for progress and development of Marzipan, Chocolate and Chocolate Specialties for almost 60 years. The products range from classical Rumtruffles over Chocolate-Jazzies and Cookies with Colorful Sprinkles until the Marzipan Rounds with Plum in Madeira.

 

Novum Capital invests in small and medium-sized companies with an annual revenue of up to 200 million euros on behalf of German and international pension funds, private pension schemes and foundations. The goal of these investments is to increase the value of the company by providing growth capital and business expertise; to improve profitability in a sustainable manner for further growth financing; and to enhance the benefits of the business model.


 
taxess has advised the acquisition entity on the tax structure of the acquisition.

 

 

ARDIAN Investments: Sale of Schleich

ARDIAN, the independent private investment company, is selling toy manufacturer Schleich to Partners Group, a global private markets investment manager.


Schleich looks back on a rich tradition. Founded in 1935, it is one of the largest toy manufacturers in Germany and an internationally leading supplier of realistic figurines and playsets. Since Ardian invested in Schleich in 2014, the company has increased its sales from €106 million to €183 million today. The number of employees increased from around 340 to 400 over the same period.

 

ARDIAN is an independent private investment company with assets of US$ 96bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised Ardian on tax aspects of the sale and has prepared the vendor tax fact book. 

 

 

ARDIAN Real Estate: Drei Hoefe Work Berlin

ARDIAN, a world-leading private investment house, has finalized an agreement with LBBW Immobilien Development GmbH to acquire the office project “3 Höfe work”.

 

3 Höfe work is currently under construction at Lützowstrasse 107-112 in central Berlin. Located in close proximity to Potsdamer Platz and the City Park at Gleisdreieck, the property will have around 18,000 sqm of rental space in one of Berlin’s most sought-after office locations. The property is the third investment by Ardian Real Estate in Berlin.

ARDIAN is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It manages funds on behalf of around 880 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

Triton Partners - Investment in Deutsche Radiologie Gruppe

The Smaller Mid-Cap Fund (“TSM”) advised by Triton has completed its investment in Deutsche Radiologie Holding (“DRH”). TSM invests alongside with the current shareholders consisting of the owners of Tempus Capital and the DRH management team. Terms of the transaction are not disclosed.

 

Deutsche Radiologie Holding was founded in 2017 and offers radiologists and radiotherapists flexible and professional succession solutions. DRH is a strong and experienced partner for successful owners. The experienced team ensures a technically competent and reliable handover process and a long-term preservation of the owner’s work.

 

The Triton Smaller Mid-Cap Fund seeks to invest in mid-cap companies in the sectors industrials, business services, consumer and health. This transaction is the 7th investment since inception of the fund Mid 2017.

 

taxess has advised Triton on the tax structure of the acquisition. 

 

 

ARDIAN Real Estate: Luetzowstraße 105 Berlin

ARDIAN, a world-leading private investment house has signed an agreement with an investor in its fund to acquire an office complex at Lützowstrasse 105/106 in the central district of Berlin from a fund managed by J.P. Morgan Asset Management. Financial details of the transaction will not be disclosed.


The property is the second investment by the Ardian Real Estate Europe Fund (AREEF) in Berlin and the fourth in Germany. The fund has assets of more than €700 million under management. Built in 1974, the complex was last renovated in 2000 and fulfils modern office standards. Ardian will further modernize the office complex extensively by the end of 2019.

 

ARDIAN is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It manages funds on behalf of around 880 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

Triton Partners - Acquisition of Norres

The Smaller Mid-Cap Fund advised by Triton has signed an agreement to acquire a majority stake in NORRES Group (NORRES), one of Europe’s market leading manufacturer of plastic industrial hoses headquartered in Gelsenkirchen, Germany. Current owner and CEO, Burkhard Mollen, will retain his management position and co-invest alongside Triton. Terms of the acquisition were not disclosed.

 

NORRES is one of the leading manufacturers of plastic industrial hoses with production sites in Germany, China and the U.S. The company offers an extensive range of standard and made-to-measure branded industrial hoses which are used for pneumatic conveying of different media types (i.e. solids, gases or liquids) across various industries. NORRES has a long heritage of nearly 130 years with a strong track record in expanding its business via product innovation and internationalisation.

 

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors. Triton seeks to contribute to the building of better businesses for the longer term. The 35 companies currently in Triton's portfolio have combined sales of around €12.7 billion and around 82,000 employees.

 

taxess has advised Triton on the tax structure of the acquisition.

 

 

DBAG - Acquisition of majority in Sjolund

Deutsche Beteiligungs AG (DBAG) invests in Sjølund A/S (Sjølund), a manufacturer of aluminium and steel components for the wind power and rail industry, the construction sector and the mechanical engineering industry. The DBAG-managed fund DBAG ECF will acquire around 51 percent of the shares in Sjølund from the current sole owner and CEO Søren Ravn Jensen as part of a management buyout (MBO).

 

Sjølund is one of the biggest providers on the niche market for complex bent aluminium and steel components. At its headquarters in the Danish town of Sjølund and a production site in China, around 110 employees manufacture components that account for only a small proportion of customers’ material costs, but are often complex and relevant from a security perspective nevertheless.

 

The listed Deutsche Beteiligungs AG initiates closed-end private equity funds and invests alongside the DBAG funds in well-positioned mid-market companies with growth   potential. Its entrepreneurial investment approach makes it a sought-after investment partner. DBAG manages and advises capital amounting to around 1.8 billion euros.

 

taxess has advised DBAG on the tax structure of the acquisition. 

 

 

3i Sale of ATESTEO

3i Group announces the sale of ATESTEO, an international drivetrain testing specialist, to IHO Holding GmbH & Co. KG (“IHO Holding”), holding company of the Schaeffler family. Proceeds to 3i are estimated to be €307m subject to closing adjustments, representing a euro money multiple of 4.4x.

ATESTEO
is the world leader in independent drivetrain testing. It has about 800 employees and 135 testing benches in Germany, Japan, China and North America. Based on cutting-edge testing technology, the company offers a cost efficient alternative to in-house durability testing for automotive OEMs and their suppliers. Its customers include virtually all the leading OEMs and transmission manufacturers.

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America. 3i has extensive experience in the consumer sector and an impressive network which will help Lampenwelt enlarge its footprint in Europe.


taxess has advised 3i on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

ARDIAN Investments: Acquisition of imes-icore

ARDIAN, the independent private investment company, has signed an agreement to acquire Competence Call Center Group (CCC), one of the leading BPO service providers in Europe from Silverfleet Capital. The investment will be made via the Ardian Expansion Fund IV. The management team will hold a significant stake in the company and will lead CCC during its next phase of growth.

 

CCC offers high-quality BPO solutions in 28 languages and serves more than 80 customers in Europe. The group operates with more than 5500 employees from 18 locations across eight countries, ten of which are based in the DACH region, four in Eastern Europe, three in Turkey, and one in France. The company has secured a leading market position in the DACH region.

 

ARDIAN is a world-leading private investment house with assets of US$66bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

ARDIAN Investments: Acquisition of imes-icore

ARDIAN, the independent private investment company has acquired a majority stake in imes-icore GmbH, a specialist manufacturer of computer numerical control (CNC) and computer aided design/manufacturing (CAD/CAM) systems predominantly focusing on the medical industry, and headquartered in Eiterfeld, Germany. The acquisition will  be made by Ardian’s  Expansion Fund IV, which closed in June 2016 having raised €1 billion. This is the fund’s fifth investment to date.

 

imes-icore develops, produces and sells specialist CNC-CAD/CAM systems for milling, water jet and laser cutting, and 3D printing. The company has close to 150 employees and in 2016 generated sales of approximately EUR 30 million. Ardian acquires the stake from current majority shareholder, Hugo Isert, as part of a succession planning programme. Current CEO, Christoph Stark, will retain a significant minority stake, and will continue to manage the business. In the course of this transaction, members of the management team will also become shareholders in the company.
 

ARDIAN is an independent private investment company with assets of US$60bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

taxess advises on 3i Acquisition of Lampenwelt

The international investor 3i Group invests €120m in Lampenwelt, the largest European online specialist in the lighting space. 3i will invest alongside management and one of the current owners of the business, Walter Neumüller. In addition, 3i will provide a short term refinancing loan to Lampenwelt of €54 million which is expected to be refinanced shortly after completion.

Lampenwelt
is the #1 specialty online retailer of lighting products in Europe. The company is headquartered in Schlitz near Frankfurt am Main, Germany. From there, it distributes own-brand and 3rd party products to customers in 12 countries across Europe. Lampenwelt generated €61m of sales in 2016, of which 45% came from outside Germany, and has grown strongly in Germany and through a steady roll-out across Europe in recent years.

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in Northern Europe and North America. 3i has extensive experience in the consumer sector and an impressive network which will help Lampenwelt enlarge its footprint in Europe.


taxess has advised 3i on the tax structure of the acquisition and has provided the tax due diligence. 

 

 

ARDIAN Investments: Acquisition of SCHWIND eye-tech-solutions

ARDIAN, the independent private investment company has acquired a majority stake in SCHWIND eye-tech-solutions GmbH & Co. KG, one of the world’s leading specialists in laser systems which treat refractive errors and corneal diseases. The Schwind family, which  founded the company, will retain a significant interest and Rolf Schwind will continue to manage the business in his capacity as CEO. The acquisition will  be made by Ardian’s  Expansion Fund IV, which closed in June 2016 having raised €1 billion. This is the fund’s fourth investment to date.

SCHWIND develops, produces, and distributes an extensive, highly sophisticated set of products, including diagnostic tools and state-of-the-art laser systems for the treatment  of refractive errors  and  corneal  disease,  as well as the corresponding software solutions and services. SCHWIND’s customers include refractive surgeons in eye practices  eye clinics, laser centers and university hospitals. Its laser systems, which are used in procedures such as LASEK, LASIK and (Trans-)PRK  surgery, have made a name for themselves worldwide as technologically pioneering and standing for the highest levels of precision and safety.
 

ARDIAN is an independent private investment company with assets of US$60bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has carried out the tax due diligence. 

 

 

COOP - REWE Joint Venture

coop eG Kiel and REWE Markt GmbH in Cologne want to deepen their existing partnership further in the future and mark a new strategic level.

 

In course of the transaction, COOP will contribute its operating business and expertise in the joint venture with REWE. COOP eG, Germany's largest consumer cooperative in the food retail sector, currently operates around 200 sky stores and eleven plaza building and garden centers, which will be transferred to the joint venture. Subsequent to the transaction, the joint venture company will provide the supply and distribution to the entire food retail network of coop.

taxess advised COOP on the tax structure for the transaction.

taxess advises on 3i on Sale of Amor

3i Group plc, and funds managed by 3i, today announced the sale of Amor, the market leader for affordable precious jewellery, to Gilde Buy Out Partners, a European private equity investor.


Total proceeds of €197m to 3i and funds represent a 2.5x euro money multiple.In December 2010, 3i and funds invested €99m for a majority stake in Amor, the Frankfurt-based jewellerybusiness. Since then, EBITDA has grown almost 60%and Amor has significantly increased its number of Point of Sales through a European roll-out andestablishingfootholds in North America, Asia and Australia.. 

 

taxess has advised 3i on the tax structure of the transaction and has provided the vendor tax fact book. 

ARDIAN Investments: Acquisition of d&b audiotechnik Group

Ardian, the independent private investment company, is acquiring alongside with the existing management d&b audiotechnik GmbH (“d&b”) from the investment companies Odewald & Compagnie and COBEPA. d&b specializes in acoustic systems and has operations worldwide. The participation in d&b is already the 13th investment by Ardian LBO Fund V, which is capitalized at €2.8 billion.

d&b is one of the world’s leading providers of professional premium audio technology. The company develops and produces high-quality sound systems for mobile and permanently installed applications. professional audio systems worldwide. d&b systems are used as reliable tools for long-term use from the tiniest conference rooms to the largest stadiums. Over the last three decades, d&b has acquired the status of a global premium brand in professional audio technology environment. Since the company’s acquisition by Odewald & Compagnie and COBEPA in 2011, sales have more than doubled from €44 million to €94 million in the financial year 2015.
 

ARDIAN is an independent private investment company with assets of US$55bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees,keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has provided the tax due diligence. 

ARDIAN Investments: Acquisition of Gantner Group

Ardian, the independent private investment company has signed an agreement with Identec Group AG to acquire, alongside management, GANTNER Holding GmbH (GANTNER), a pioneer in the field of contactless RFID and NFC electronic access control, payment and staff time recording solutions. The acquisition represents the 13th investment to be made from the €500 million Expansion Fund III.

Founded in 1982 and headquartered in Schruns, Austria, GANTNER is a leading international manufacturer of contactless RFID and NFC access control and staff time recording systems facilitating automatic identification. GANTNER solutions can be found in leisure facilities such as fitness clubs, water parks, public pools and spas, as well as in commercial and public buildings. GANTNER has subsidiaries in Germany, the UK, Dubai and Australia and operates in more than 60 countries. For the 2015 financial year the company recorded revenues of approximately €36 million, a year-on-year increase of over 20%. 
 

ARDIAN is an independent private investment company with assets of US$55bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees,keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has provided the tax due diligence. 

ARDIAN - ADA Group - Acquisition of Pacific Direct

ADA Cosmetics International (ADA), Europe's leading manufacturer of high-quality hotel cosmetics, is acquiring Pacific Direct, Britain’s biggest provider of luxury skin care products for hotels around the world, with the support of Ardian. The parties have agreed not to disclose the purchase price and further details.

 

The acquisition of Pacific Direct will complement ADA’s existing product portfolio and strengthen its geographical presence in Asia and in the Middle East. Founded in 1991 and based in London, Pacific Direct produces and markets high-end cosmetic products such as shampoos, body lotions and soap, as well as accessories, for guest use in luxury hotels, cruise ships and aeroplanes. 


Ardian acquired ADA Cosmetics in July 2014 and supports ADA’s management team in implementing its strategy to develop the firm into the world’s leading provider of hotel cosmetic products. Merging with Pacific Direct, the market leader in the UK and the Middle East, provides a strong base for further international growth at ADA, which is already Europe’s market leader.

 

taxess has advised ADA and ARDIAN on the tax structure of the acquisition. 

taxess advises on 3i Acquistion of Gesellschaft für Industrieforschung

3i Group plc (3i) is increasing its investment in Gesellschaft für Industrieforschung (GIF) by acquiring the stake owned by the family of Dr.-Ing. Ulrich Rohs. 3i and the family of Dr. Ulrich Rohs, which held a minority stake in GIF, signed an agreement to conclude the transaction. Both parties have agreed not to disclose the purchase price.

 

GIF employs 430 staff and boasts more than 130 test benches, making it an important development partner in the automotive industry, and the world's largest independent operator of transmission test benches. The company offers manufacturers of drivetrains, transmissions and components a cost-efficient alternative to personal durability tests. The customers include almost all automotive and transmission manufacturers. 

 

taxess has advised 3i on the tax structure of the acquisition and has provided the tax due diligence. 

ARDIAN - Investments in Chal-Tec

Ardian, the leading independent investment company, acquires approx. 40 percent in Chal-Tec GmbH, a Berlin-based e-commerce company. This investment will be funded through Ardian Expansion Fund III, which closed in March 2014 with commitments of €500 million. Furthermore, Ardian is providing additional financial resources for the growth of the company. The details of this transaction are not being disclosed.


Founded and managed by Peter Chaljawski, Chal-Tec GmbH is an internationally operating e-commerce company that designs and distributes high-quality products in the Home & Living, Consumer Electronics and Sound & Light sectors. Multi-channel distribution takes place not only via the company’s own platforms, but also via leading e-commerce marketplaces. The Chal-Tec product range currently comprises 12 brands sold in 18 European countries. Its best-known brands include the consumer electronics brand auna and the modern living brand Klarstein.

 

ARDIAN is a premium independent private investment company with assets of US$ 47bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has provided the tax due diligence. 

ARDIAN - ADA Group - Acquisition of Scanamenities

ADA Cosmetics International (ADA), Europe's leading manufacturer of high-quality hotel cosmetics, is acquiring Scandinavian Amenities A/S (SCANAMENITIES), the leading provider of hotel cosmetics for the Scandinavian market, with the support of Ardian. The parties have agreed not to disclose the purchase price and further details.

 

Through the acquisition of SCANAMENITIES, ADA aims to capitalize an the growth potential of the attractive Scandinavian market and develop synergies in distribution and production. SCANAMENITIES is Scandinavia's leading provider of personal care products and accessories for guest use in hotels, vacation resorts, cruise ships and airplanes.


Ardian acquired ADA Cosmetics in July 2014 via its Expansion Fund III, which closed in March 2014 at €500 million. As majority shareholder, Ardian supports ADA's management team in maintaining its market leading position as well as growing the business throughout Europe, Asia and the Middle East. 

 

taxess has advised ADA and ARDIAN on the tax structure of the acquisition. 

Paragon Partners advice on acquisition of Anti-Germ taxess M&A tax advice

The Anti-Germ Group, since 1998  under ICL´s (Israel Chemicals Ltd) ownership and Medentech, have been acquired by Paragon Partners GmbH.

 

The new owner, Paragon Partners will continue the entire Anti-Germ business under “ANTI-GERM International GmbH”. Paragon Partners will support the future growth of Anti-Germ. This new ownership will strengthen ANTI-GERMs efforts to improve market presence, customer service and innovation within Europe.

 

Paragon Partners is a private, owner-managed investment company that invests in established small and medium enterprises in the German-speaking countries and manages approx. € 300 million of equity. Investors include the partners of Paragon Partners and institutional investors.

 

taxess has advised Paragon Partners on the tax structure of the multi-national acquisition as lead advisor. 

taxess advises on 3i Acquisition of Christ Juweliere und Uhrmacher

The international investor 3i Group acquires a majority stake in CHRIST, a leading German jewelery and watch retailer. 3i and funds managed by 3i invest around EUR 214 million in the company.

CHRIST
is a market leader in the German jewelery and watch retail sector focusing on the affordable luxury segment. It employs more than 2,400 staff and has 220 retail outlets throughout the country in both shopping malls and prime city locations. The Company also has a growing e-commerce platform which was launched in 2010.

3i will use its experience of the retail sector and its consumer portfolio companies to work with Christ on further developing its business. In addition, 3i will draw on its international experience to support Christ accessing other high-potential markets via a European store roll-out programme.


taxess has advised 3i on the tax structure of the acquisition and has provided the tax due diligence. 

ARDIAN Investments: Acquisition of ADA Group

Ardian, the leading independent investment company, has signed an agreement to acquire ADA Cosmetics International GmbH, the leading European manufacturer of high-quality hotel cosmetics, with The Carlyle Group. The deal marks Ardian's eighth investment from its € 500m Expansion Fund III, which closed in March 2014. ADA's management team has taken a minority stake in the company as part of the transaction.


ADA Cosmetics manufactures and sells personal care products including shampoo, body lotion and soap for the hotel industry. The business supplies almost 15,000 customers in more than 50 countries, with the majority of sales generated in the DACH region, where it has a 35% market share, and France. ADA has approx. 300 employees operating out of seven subsidiaries in Europe, Asia and the Middle East, as well as a global distribution network. ADA expects to generate €53m in turnover in 2014.

 

ARDIAN is a premium independent private investment company with assets of US$ 47bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has provided the tax due diligence. 

VR Equity Partner advice on acquisition of Karl Kemper taxess M&A tax advice


VR Equity Partner GmbH, private investor Harald Sipple and German Opportunity AB have acquired Karl Kemper Group, a leading supplier of frozen convenience products.

Karl Kemper was founded in 1975 and supplies frozen convenience food products, in particular vegetarian meals, to cafeterias and hotels. With its 170 employees, it sells its meals via cash-and-carry firms and has a turnover of approximately €30m.

Eichkamp, in which the investor group has invested in the beginning of 2014, and Karl Kemper will be united under the banner of newly founded Holding European Convenience Food GmbH, which will have a combined turnover of €65m. The existing management teams from both companies will become responsible for the new trading unit.

VR Equity Partners
is a leading investor for medium-sized family in all strategic financial issues. With 100 investments VREP is one of the leading private equity financiers. VR equity partner with more than 40 years investment expertise in SME business active, making it one of the most experienced equity financing in the German-speaking countries.

taxess has advised Paragon Partners on the tax structure of the acquisition. 

ARDIAN Investmens: Acquisition of Schleich Group

Ardian, the leading independent investment company acquires toy manufacturer Schleich Group from European private equity investor HgCapital. The transaction has been done through Ardian's EUR 2.4 billion LBO Fund V which the company closed in October 2013. The management of Schleich has acquired a substantial stake in the company as part of the acquisition.

 

Schleich is one of Germany's biggest toy manufacturers and a leading international  supplier of traditional figurines and realistic 'play world' concepts, which allow children to create their own unique toy landscapes. With around 340  employees, the company achieved a turnover of EUR 106 Million in 2013.

 

ARDIAN is a premium independent private investment company with assets of US$ 47bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world.

 

taxess has advised ARDIAN on the tax structure of the acquisition and has provided the tax due diligence. 

BEONTRA: Sale to Lockheed Martin taxess M&A Tax Advice

Lockheed Martin takes over BEONTRA, the world leader in SaaS airport planning solutions. taxess advised the shareholders of BEONTRA AG on the sale to the American company.

 

BEONTRA develops and markets integrated software solutions for airports to short and long-term traffic, capacity and revenue planning. The company was founded in 2001 and has since grown rapidly. 

 

Lockheed Martin is a global security and aerospace company. The company employs 115,000 people worldwide. The Group net sales for 2013 totaled $ 45.4 billion

 

taxess has advised BEONTRA's shareholders on tax and structural issues of the sale. 

Paragon Partners advice on acquisition of dtms taxess M&A tax advice

taxess advises Paragon Partners on the acquisition of dtms telephone and Marketing Services.Paragon Partners acquires 100% in dtms Telefon- und Marketing Services GmbH from Netrada Holding by way of a combined asset and share deal.

 

dtms offers international local network and service numbers and special functions for call center. With its own cloud-based customer contact applications dtms covers the variety of access channels for contact centers and offers payment solutions for the billing of customers services and digital content via the telephone bill. 

 

Paragon Partners is a private, owner-managed investment company that invests in established small and medium enterprises in the German-speaking countries and manages approx. € 300 million of equity. Investors include the partners of Paragon Partners and institutional investors.

 

taxess has advised Paragon Partners on the tax structure of the acquisition. 

taxess advises on 3i Acquistion of Gesellschaft für Industrieforschung

3i Group plc has agreed to invest in Gesellschaft für Industrieforschung mbH, a leading international specialist in transmission testing, alongside co-founder Ulrich Rohs who will remain a shareholder.

 

3i Group plc is investing €77 million and the enterprise value of the transaction is approximately €100 million, which represents a multiple of 7x EBITDA.  

 

GIF is the world’s largest external transmission test rig operator and offers a cost efficient alternative to in-house durability testing for automotive OEMs and transmission suppliers.  GIF has 430 employees and is headquartered in Alsdorf, Germany with additional operations in China, Japan and North America. Customers include virtually all the leading OEMs and transmission manufacturers.  

taxess has advised 3i on the tax structure of the acquisition and has provided the tax due diligence. 

Virthos Partners: Erwerb von Otto Harrandt Transaktion Steuerberatung durch taxess Steuerberater

Investor group led by Virthos Partners Acquires Feinwerktechnik Otto Harrandt GmbH

Otto Harrandt
http://www.harrandt.com/‎ is the world market leader in designing and manufacturing automated testing, measuring and assembly equipment for pistons.  Customers are all major manufacturers of pistons and power cells, automotive light vehicle and truck OEMs as well as manufacturers of heavy duty combustion engines. Virthos assisted provided the former owners of Otto Harrandt with in a solution to their succession issue providing a safe pair of hands to ensure the longevity of the company and will support, in partnership with management, the strategic and operational development of the company.

The investor group lead by Virthos Partners reputable Swiss and German family offices with an industrial background as well as a group of experienced entrepreneurs. The acquisition of Otto Harrandt follows the strategy of Virthos of making long-term investments in market-leading niche manufacturers of technologically differentiated industrial products in the German-speaking “Mittelstand”.

 

taxess has advised the acquisition company and Virthos Partners on the tax structure of the transaction. 

Invision Private Equity: Acquisition of Kraft & Bauer Group

Invision Private Equity AG has bought German fire protection business Kraft & Bauer Brandschutzsysteme as part of a succession solution.

 

Kraft & Bauer provides fire safety solutions for tools and machinery, offering both systems and servicing. K&B's main locations are Holzgerlingen (Germany) and Bannwil (Switzerland), and it has six further facilities around Germany. Customers include manufacturers of machinery and large industrial businesses. K&B employs 60 people.
 

Swiss Invision Private Equity AG is a leading private equity investor for succession solutions and buyouts in Europe. Since 1997, Invision has invested more than mCHF 500 of equity in more than 50 businesses and supported their sustainable growth.

 

taxess has advised Invision on the tax structure of the acquisition and has provided the tax due diligence. 

Axa Private Equity: Sale of Strack Phoenix Group

AXA Private Equity and Management sell all shares in Strack Phönix Group to the US-listed Curtiss-Wright Corporation. 

 

The Phönix Strack Valve Group is a leading manufacturer of higly engineered, solution specific valves and the global market leader for bellow sealed global valves for special, critical, as well as standard applications. With its 282 employees the group generated a turnover of EUR 50 Million in 2012. 

 

AXA Private Equity is a world leader in private equity, with assets of 28 billion dollars managed or advised in Europe, North America and Asia. The company offers its investors a wide choice of funds covering the full range of asset classes.

 

taxess has advised AXA Private Equity on tax and structural issues of the sale. 

Lück Group - Acquisition by Hannover Finanz

Hannover Finanz Group acquires 51 Percent of the shares in Lück Group.

Lück Group, which maintains its headquarters in Giessen, is a family owned, nationwide operating service provider for real estate technology, IT-services and manpower services with eight locations in Germany. The partnership with Hanover Financial Group is to ensure the continued growth of the Lück Group.

HANNOVER Finanz Group is a private equity fund focusing on mid cap and growth investments in the German and Austrian middle market.

taxess has advised the shareholders of Lück Group on the transaction and reinvestment tax structure. 

FBM GmbH: Erwerb Bothe Hild GmbH Steuerberatung durch taxess Steuerberater Gerald Thomas und Richard Schäfer

taxess advised a group of investors led by FBM GmbH on the acquisition of BOTHE-HILD GmbH

BOTHE HILD is among the leading suppliers of industrial door solutions in Germany. The company offers an extensive product range of standardized as well as customized learning door solutions "Made in Germany". A qualified staff of more than 120 people in planning, production, installation and service ensure that a growing group of domestic and abroad customers counts on BOTHE-HILD.

FBM GmbH is a private equity company with a focus on long-term investments in established mid-market companies in Germany.

taxess has provided the tax and structural advice for the acquisition. 

Axa Private Equity: Acquisition of frostkrone Group

AXA Private Equity and Management acquire all shares in frostkrone Holding GmbH from Argantis Beteiligungs GmbH and Managers in a Secondary Buy-Out. 

The Europe-wide acting frostkrone Group offers a cumulated production know-how for frying, stuffing and processing of frozen products with a wide product mix breadth (fish, cheese, vegetables, baking products). With its 102 employees the group generated a turnover of EUR 36 Million in 2011. 

AXA Private Equity is a world leader in private equity, with assets of 28 billion dollars managed or advised in Europe, North America and Asia. The company offers its investors a wide choice of funds covering the full range of asset classes.

taxess has advised AXA Private Equity on the tax structure of the acquisition and has provided the tax due diligence. 

Pan-European asset manager Cording Group has acquired Frankfurt-based Asset Manager MGI. MGI manages 26 commercial properties with a total area of 300,000 square meters and rental income of around € 54 million. Cording currently manages office, retail, industrial and leisure properties with a value of nearly €1 billion and has extensive experience of running portfolios in the UK and Europe.

 

taxess has advised Cording Group on the tax structure of the acquisition. 

Hannover Finanz: Acquisition of Ziener Participation

HANNOVER Finanz Gruppe acquires 56 Percent in Mackprang Holding GmbH & Co KG the parent company of Schlemmer Group and several logistic companies.

Schlemmer Group develops and builds Protection & Protection Systems, Air & Fluid Systems, Mechatronic Systems and Tuning Parts. The company is active in 34 countries with its 16 subsidiaries and has approx. 1700 employees. The parties have agreed to keep the purchase price confidential.

taxess has advised HANNOVER Finanz Gruppe on the tax structure of its participation. 

Hannover Finanz: Acquisition of Ziener Participation

Franz Ziener GmbH & Co. Lederhandschuhfabrik is a specialist company for technically innovative skiing and cycling gloves. Ziener is one of the market leaders in Europe. In 2011 and its 50 employees generated a turnover of 35 Millionen Euro.

HANNOVER Finanz Gruppe has acquired 34,5 Percent in Ziener. The parties have agreed to keep the purchase price confidential.

taxess has advised HANNOVER Finanz Gruppe on the tax structure of its participation. 

3i Sale of MWM to Caterpillar

3i is an international financial investor with a focus on private equity. MWM is one of the world's leading providers of highly efficient, eco-friendly plants for decentralized energy generation. We have advised 3i on the take-over of MWM group from Deutz AG in 2007 and on the disposal to Caterpillar in 2010.

Hannover Finanz: Acquisition of Paper+Design tabletop

Hannover Finanz Gruppe is one oft the oldest private equity houses in Germany. Paper+Design GmbH tabletop is known as creativity lab for table decoration. We have advised Hannover Finanz on the MBO of Papier+Design. 

Corestate - BGP

CORESTATE Capital AG is a real estate private equity firm based in Zug, Switzerland.

BGP Investments S.à r.l. is a Luxembourg-based private company that was originally the investment vehicle of the Joint Venture between Australian companies Babcock & Brown Ltd and the GPT Group. We advised Corestate on the acquisition of the residential property portfolio from BGP.