Invision’s Acquisition of Reichelt Elektronik

SKYE PARTNERS, Weil, Gotshal & Manges, Clifford Chance, Pusch Wahlig Workplace Law, BCA-Law, DMZ Legal, herrmann legal, Disput Hübner and Vischer advised Invision. Baker McKenzie advised Dätwyler Holding AG. Niederer Kraft Frey advised Credit Suisse (Switzerland) Ltd., acting as agent, security agent and coordinator, and the banking syndicate in the financing.

Datwyler has signed a contract with Invision for the sale of its subsidiary Reichelt and associated companies. The management of Reichelt-Group will participate as well.

The closing of the transaction is still subject to the approval by the German Federal Cartel Office. The parties have agreed not to disclose the terms of the transaction.

Reichelt-Group is one of the leading online distributors for electronics and technology in Germany. Reichelt-Group is specialized in selling products from well-known brand manufacturers in the area of electronics and PC technology to its customers. The product range includes more than 110,000 products from the areas of IT, measurement technology, components and home & security. Customers of the Reichelt-Group are companies (B2B), consumers (B2C) as well as public authorities and universities (B2A). Currently, Reichelt-Group employs about 320 people.

Since its foundation in 1997, Invision has successfully developed into one of the leading investment companies for corporate succession and growth financing for mid-sized companies in Europe. During this time, Invision has invested in over 50 companies and has achieved sustainable value growth. Invision sees itself as an entrepreneurial partner of founders, entrepreneurs and management teams. In its engagements, Invision places particular emphasis on understanding the specific needs of companies and entrepreneurs and developing individual solutions. Invision invests in established mid-sized companies, especially in succession constellations.

The SKYE PARTNERS team included Christoph O. Breithaupt (Picture – lead), Holger Scheer, Julia Rosigkeit, Sandra Brieske, Lisa Schulte und Lukas Schobert (all Private Equity).

The Pusch Wahlig Workplace Law team included Dr. Marius Fritzsche und Dr. Luca Rawe (Labour Law).

The BCA-Law team was led by Bettina Carr-Allinson (IP/IT Law).

The DMZ Legal team was led by Dr. Jochen Deister (Data Protection).

The herrmann legal team was led by Dr. Christoph Herrmann (Antitrust).

The Disput Hübner team included Dr. Anja Disput and Dr. Oliver Hübner (Real Estate).

The VISCHER team included Dr. Benedict Christ, Dr. Roland Müller, Dr. Adrian Dörig, Flavio Langenegger, Gordana Nisevic.

The Weil, Gotshal & Manges team was led by Michael Kohl.

The Clifford Chance team was led by Sonya Pauls.

The Baker McKenzie team was led by Alexander Fischer and consisted of Markus Wolf, Roger Thomi and Zarina Fueglister (all Zurich) as well as Nikolas Lazaridis (Frankfurt) and Tino Marz (Munich).

The NKF team was led by M&A/Finance partner Adrian Koller, working with junior associate Selim Lötscher (M&A/Finance) as well as partner Markus Kronauer (Tax).

Involved fees earner: Alexander Fischer – Baker McKenzie; Zarina Füglister – Baker McKenzie; Nikolas Lazaridis – Baker McKenzie; Tino Marz – Baker McKenzie; Roger Thomi – Baker McKenzie; Markus Wolf – Baker McKenzie; Bettina Carr-Allinson – BCA Law Attorneys-at-Law; Sonya Pauls – Clifford Chance; Anja Disput – Disput Hübner Part mbB; Oliver Hübner – Disput Hübner Part mbB; Jochen Deister – DMZ Legal; Christoph Herrmann – Herrman Legal; Adrian Koller – Niederer Kraft Frey Ltd; Markus Kronauer – Niederer Kraft Frey Ltd; Selim Lötscher – Niederer Kraft Frey Ltd; Marius Fritzsche – Pusch Wahlig Workplace Law; Luca Rawe – Pusch Wahlig Workplace Law; Christoph Breithaupt – Skye Partners; Sandra Brieske – Skye Partners; Julia Rosigkeit – Skye Partners; Holger Scheer – Skye Partners; Lisa Schulte – Skye Partners; Benedict Christ – VISCHER AG; Adrian Dörig – VISCHER AG; Flavio Langenegger – VISCHER AG; Roland Müller – VISCHER AG; Michael Kohl – Weil, Gotshal & Manges;

Law Firms: Baker McKenzie; BCA Law Attorneys-at-Law; Clifford Chance; Disput Hübner Part mbB; DMZ Legal; Herrman Legal; Niederer Kraft Frey Ltd; Pusch Wahlig Workplace Law; Skye Partners; VISCHER AG; Weil, Gotshal & Manges;

Clients: Credit Suisse; Dätwyler Holding AG; Invision Private Equity AG;

Author: Federica Tiefenthaler