Luther provided comprehensive advice to the Ottobock Group on a group restructuring.
The restructuring included various transformation measures, cross-border mergers and the conclusion of corporate agreements.
Following the entry of the new co-shareholder, various restructuring measures have now been implemented. First, the shareholder structure above Ottobock SE & Co. KGaA, which included the change of legal form from a KG to a GmbH and the conclusion of a company agreement. Parallel to and in advance of this process, the group structure was further simplified by various mergers, including two cross-border mergers.
The Ottobock Group, with its HealthCare division, is the world market leader in prosthesis manufacturing and is family-owned in the third generation. The company from Lower Saxony employs around 7,000 people worldwide and most recently generated sales of 927 million euros. Two years ago, the Swedish financial investor EQT acquired 20 percent of the HealthCare division of Ottobock SE & Co. KGaA, the first time in 100 years that a non-family shareholder has joined the company.
The two Essen partners Dr Stefan Galla (Picture – Head of Corporate / M&A) and Dr Cédric Müller (Head of Restructuring Consulting) were in charge of the project. They were supported by Dr Carolina Gabriel, Dr. Philipp Honisch, Marie Sinniger, Nina Stephan, Klaus Thönißen.
The restructuring was accompanied by EY for tax purposes.
Involved fees earner: Carolina Gabriel – Luther Rechtsanwaltsgesellschaft mbH; Stefan Galla – Luther Rechtsanwaltsgesellschaft mbH; Philipp Honisch – Luther Rechtsanwaltsgesellschaft mbH; Cédric Müller – Luther Rechtsanwaltsgesellschaft mbH; Marie Sinniger – Luther Rechtsanwaltsgesellschaft mbH; Nina Stephan – Luther Rechtsanwaltsgesellschaft mbH; Klaus Thönißen – Luther Rechtsanwaltsgesellschaft mbH;
Law Firms: Luther Rechtsanwaltsgesellschaft mbH;
Clients: Ottobock HealthCare GmbH;