ECM Equity Capital Management’s acquisition of stake in Albrecht & Dill Cosmetics GmbH

Milbank, Tweed, Hadley & McCloy LLP has advised German Equity Partners IV (GEP IV), a fund managed by the private equity firm ECM Equity Capital Management (ECM), on the acquisition of a stake in Albrecht & Dill Cosmetics GmbH (A&D), the leading distributor of exclusive fragrances in Germany, Austria and Switzerland.

As part of the transaction, the extended management team will also invest in the traditional Hamburg-based company. Together, the partners aim to continue the company’s successful track record and, on the basis of A&D’s strong market position, realise its substantial growth potential. The parties have agreed not to disclose the purchase price and further details of the transaction.

Albrecht & Dill Cosmetics originates from a traditional Hanseatic trading company and has been one of the leading companies in the selective distribution of high-quality fragrances and care products in the luxury and lifestyle segment since 1950. Under the leadership of Philipp Sahling, the brand portfolio has been continuously expanded since 2001. Based on his individual and passionate approach to luxury fragrances, the company has developed extensive marketing and logistics expertise and has become one of the leading distributors in its field.

ECM was advised by Milbank, Tweed, Hadley & McCloy, EY Parthenon, Ebner Stolz and Willis Towers Watson. Albrecht & Dill was assisted by Pestlin & Co. and Allen & Overy.

Milbank advised ECM on the transaction as lead counsel on corporate, finance and tax law with a team led by partner Michael Bernhardt (picture), assisted by Sebastian Dexheimer, Jörg Neubauer (all Corporate/M&A, Frankfurt), Thomas Ingenhoven, Nikolas Koutsós, Thomas Möller (all Finance, Frankfurt), Matthias Schell, Moritz Philipp and Jörg Schrade (all Tax, Munich).

Involved fees earner: Michael Bernhardt – Milbank; Sebastian Dexheimer – Milbank; Jörg Neubauer – Milbank; Thomas Ingenhoven – Milbank; Nikolas Koutsos – Milbank; Thomas Möller – Milbank; Matthias Schell – Milbank; Joerg Schrade – Milbank; Moritz Philipp – Milbank;

Law Firms: Milbank;

Clients: German Equity Partners;