Author Archive

Gigaset AG & Goldin Fund Pte. Ltd

September 2013. Gigaset AG resolved to increase its capital out of authorized capital and to issue convertible bonds. A backstop investor agreed to acquire all new shares and convertible bonds which remain unsubscribed after the exercise of the pre-emptive rights of existing shareholders subject to the condition that the backstop investor will obtain a minimum 30 % stake in Gigaset AG after such acquisition. Subject to the same condition, the investor will make substantial investment into a new business segment to be established at Gigaset.

Continue Reading

Grohe sold to LIXIL

January 2014. The Grohe Group, one of the world’s leading providers of sanitary fittings, has entered into an agreement with Lixil Corporation and Development Bank of Japan in relation to the sale of an 87.5% equity interest in Grohe Group from TPG and DLJ Merchant Banking Partners. This transaction represents the largest ever German investment by a Japanese company. The combined sanitary businesses of both groups generate more than EUR 4 bn of annual revenue, making it the largest player in its industry.

Continue Reading

The Orpéa Group acquires SeneCura

Frankfurt, 20 January 2015. The Orpéa Group, one of the leading European providers of long-term care (nursing homes, medium-stay and psychiatric clinics), has today announced the acquisition of the SeneCura Group, Austria’s leading provider of long-term care in the private sector, with established presence in the Czech Republic. 

Continue Reading

Trade Sale of SOFORT AG to Klarna

Stockholm/ Sweden and Gauting/ Germany, 18 December 2013. The payment providers Klarna AB (“Klarna”) from Sweden and SOFORT AG (“SOFORT”) from Germany today announced that they will join forces. Klarna is acquiring SOFORT from the majority shareholder Reimann Investors. Both companies will continue to offer their products side by side and operate on stand-alone basis. Corporate Finance Partners – now part of ACXIT Capital Partners – acted as the financial adviser to SOFORT AG and its majority shareholder Reimann Investors.

Continue Reading