BMH BRÄUTIGAM and Cuatrecasas advised Euro Vital Pharma Group (EVP) on the deal.
Euro Vital Pharma Group (EVP) announced the acquisition of Spanish Group Korott.
EVP, Euro Vital Pharma GmbH is the leading supplier of private labels in the consumer healthcare sector in Germany.
Group Korott is a leading manufacturer and distributor of vitamins, minerals, natural cosmetics, as well as sport supplements for the Spanish consumer healthcare market.
Following the acquisition of Principle Healthcare, Group Korott further expands EVP’s European reach, product portfolio and own production capabilities while unlocking significant group-wide synergies. Korott’s experienced management team will reinvest significantly into EVP and remain with the company to continue the company’s growth path as part of a larger, pan-European player.
Headquartered in Alcoy (Spain), they will generate annual revenues of approximately € 20 million. Korott serves a variety of super-/hypermarkets, pharmacies, and health food chains with its broad product port-folio. In addition to its store-brand partnering business, Korott has its own brand portfolio, in-cluding well-known brands such as Vive+ and PowerGym. The broad product portfolio and manufacturing capabilities are backed by a strong in-house R&D department, securing constant innovation and proximity to customers.
The BMH BRÄUTIGAM team included Tina Schmidt (Picture), Till Wansleben, Jan-Peter Heyer and David Thüning.
For aspects of Spanish law, BMH BRÄUTIGAM involved Cuatrecasas, with Kai Christian Fischer, Ander Portillo, Gregor Erlebach and Ariadna Casanueva from its international network.
Involved fees earner: Jan-Peter Heyer – BMH Bräutigam; Tina Schmidt – BMH Bräutigam; David Thüning – BMH Bräutigam; Till Wansleben – BMH Bräutigam; Ariadna Casanueva – Cuatrecasas; Gregor Erlebach – Cuatrecasas; Kai Christian Fischer – Cuatrecasas; Ander Portillo – Cuatrecasas;
Clients: Euro Vital Pharma GmbH;