Naxicap Partner’s Acquisition Of Lautsprecher Teufel GmbH

Watson Farley & Williams has advised Naxicap Partners on their acquisition of consumer audio brand Teufel from Hg.

Naxicap Partners, an affiliate of Natixis Investment Managers*, will become the new majority shareholder of TEUFEL following the exit of Hg and plans a new phase of growth for the company.

Founded in 1979 in Berlin, Teufel is a direct-to-consumer audio brand primarily active mostly in German speaking countries. Teufel has achieved sales of €100m+ of as of June 2017 and experienced continuous and impressive growth over the past five years.

An affiliate of Natixis Investment Managers, Naxicap currently manages a portfolio of investments valued at close to €3bn. Naxicap aims to build solid and constructive partnerships with entrepreneurs to mutually ensure the success of their ventures.

Hg is a sector expert investor, committed to helping build ambitious businesses across the technology, services and industrial technology space, primarily in Europe.

The cross-border WFW team advising Naxicap was led by Frankfurt Corporate Partner Dr Christoph Naumann (Picture), working closely with Frankfurt Banking & Finance Partner Frederik Lorenzen and Hamburg Tax Partner Verena Scheibe. Hamburg Partners Dr Christine Bader (Regulatory and Merger Control), Dr Andreas Wiegreffe (Employment) and Eckrolf Berg (Real Estate) also advised. They were assisted by Senior Associates Sebastian Ens (Corporate, Frankfurt), Dr Tom Hartung (Banking & Finance, Hamburg) and Torge Rademacher (IP/IT, Hamburg), and Associates Nicolas Persch, Dr Robert Schalber (both Corporate, Frankfurt), Dr Nicolaj Faigle (Tax, Hamburg), Fabian Arhelger (Banking & Finance, Frankfurt), Nora Fleischhauer (Employment, Hamburg), Dr Eva-Maria Christiansen and Christine Uwase (both Regulatory and Merger Control, Hamburg). Tax Partner and WFW Paris Office Head Romain Girtanner, assisted by Associate Hélène Ibos, advised on French tax law aspects of the transaction, while London Corporate Partner Christina Howard provided English law advice.

Latham & Watkins advised Hg with a team composed of Oliver Felsenstein (Partner), Susanne Decker (Counsel), Dr. Sebastian Pauls and Sylvia Semkowicz (both associates).

Involved fees earner: Susanne Decker – Latham & Watkins; Oliver Felsenstein – Latham & Watkins; Sebastian Pauls – Latham & Watkins; Sylvia Semkowicz – Latham & Watkins; Fabian Arhelger – Watson Farley & Williams; Christine Bader – Watson Farley & Williams; Eckrolf Berg – Watson Farley & Williams; Eva-Maria Christiansen – Watson Farley & Williams; Sebastian Ens – Watson Farley & Williams; Nicolaj Faigle – Watson Farley & Williams; Nora Fleischhauer – Watson Farley & Williams; Romain Girtanner – Watson Farley & Williams; Tom Hartung – Watson Farley & Williams; Christina Howard – Watson Farley & Williams; Hélène Ibos – Watson Farley & Williams; Frederik Lorenzen – Watson Farley & Williams; Christoph Naumann – Watson Farley & Williams; Nicolas Persch – Watson Farley & Williams; Torge Rademacher – Watson Farley & Williams; Robert Schalber – Watson Farley & Williams; Verena Scheibe – Watson Farley & Williams; Christine Uwase – Watson Farley & Williams; Andreas Wiegreffe – Watson Farley & Williams;

Law Firms: Latham & Watkins; Watson Farley & Williams;

Clients: HgCapital; Naxicap Partners;