Heuking Kühn Lüer Wojtek advised PREMIUM Equity Partners GmbH on the sale
REMIUM Equity Partners executed the sale of all shares in weka group to Dutch Outdoor Life Group (OLG). weka, headquartered in Neubrandenburg, employs some 140 people and generates sales in excess of EUR 30 million. The group works in two concept worlds: The garden world segment includes garden houses, terrace roofing, children’s play equipment, swimming pools, and carports. The wellness sector is served with high-quality saunas and infrared heat cabins. The parties have agreed not to disclose the purchase price. The transaction is subject to approval by the competent antitrust authorities.
PREMIUM Equity Partners had acquired weka in 2016 and focused on the implementation of new strategic initiatives. These included in particular the development of new sales channels and customer groups as well as the product range expansion with alternative materials such as wood-based materials and metal. In the future, the new owner OLG and weka intend to use synergies to become a European market leader.
PREMIUM Equity Partners is an investment firm established in 2011 that invests in strong niche companies in the Germany/Austria/Switzerland region with sales between EUR 10 million and EUR 50 million. PREMIUM Equity Partners provides the companies with capital for growth financing, corporate succession, and spin-offs.
Heuking Kühn Lüer Wojtek advised PREMIUM Equity Partners GmbH with a team including Stefan Duhnkrack (Picture, M&A), Katharina Prasuhn (Corporate, M&A), Hans Henning Hoff (DD, Corporate), Tim Petermann (DD, Commercial), Kai Erhardt (Finance), Stefan Bretthauer (Merger Control), Christina Etzel (Public Law), Carlo Schmidt (Employment), Fabian G. Gaffron (Tax), Anton Horn (IP) and Thomas K. W. Schrell (Finance).
Involved fees earner: Stefan Duhnkrack – Heuking Kühn Lüer Wojtek; Katharina Prasuhn – Heuking Kühn Lüer Wojtek; Hans Henning Hoff – Heuking Kühn Lüer Wojtek; Tim Petermann – Heuking Kühn Lüer Wojtek; Kai Erhardt – Heuking Kühn Lüer Wojtek; Thomas Schrell – Heuking Kühn Lüer Wojtek; Stefan Bretthauer – Heuking Kühn Lüer Wojtek; Christina Etzel – Heuking Kühn Lüer Wojtek; Carlo Schmidt – Heuking Kühn Lüer Wojtek; Fabian Gaffron – Heuking Kühn Lüer Wojtek; Anton Horn – Heuking Kühn Lüer Wojtek;
Law Firms: Heuking Kühn Lüer Wojtek;
Clients: PREMIUM Equity Partners;