Willkie advised StellaGroup on the transaction.
DuoTherm Rolladen GmbH is joining the Stella group, a portfolio company of PAI Partners SAS, headquartered in France.
DuoTherm is a major player in the development, manufacturing and sale of roller shutters and blinds in the German market. In 2020, the Nettersheim-Zingsheim-based company is expected to generate a turnover of around 27 million euros. It employs 135 people.
StellaGroup, which achieved a turnover of 460 million euros in 2019, is a growing European leader in external shading and sun protection. The group now has more than half of its turnover outside France, in Germany, the Netherlands and Great Britain.
The Willkie team advising StellaGroup was led by partners Christophe Garaud (Picture) in Paris and Dr. Axel Wahl in Frankfurt. The team also included partners Susanne Zuehlke and Dr. Bettina Bokeloh, counsel Gil Kiener and associates Ilie Manole, Martin Waskowski and Cesare Vannuchi.
Involved fees earner: Bettina Bokeloh – Willkie Farr & Gallagher; Christophe Garaud – Willkie Farr & Gallagher; Gil Kiener – Willkie Farr & Gallagher; Ilie Manole – Willkie Farr & Gallagher; Cesare Vannucchi – Willkie Farr & Gallagher; Axel Wahl – Willkie Farr & Gallagher; Martin Waskowski – Willkie Farr & Gallagher; Susanne Zuehlke – Willkie Farr & Gallagher;
Law Firms: Willkie Farr & Gallagher;
Clients: StellaGroup SASU;