Uniphar’s Acquisition of CoRRect Medical GmbH

CMS advised Uniphar on the deal. Poellath advised CoRRect Medical GmbH.

Uniphar Europe Limited, a subsidiary of publicly-listed Uniphar PLC, based in Dublin, has acquired CoRRect Medical GmbH, based in Oberhaching, Bavaria.

For Uniphar, an international diversified healthcare service provider, this transaction is the first acquisition in Germany and, at the same time, marks its entry into the German market. The closing of the transaction took place on July 19th, 2021. Further details were not disclosed.

The purchase pricewas not disclosed, but is believed to be around €25 million and includes an upfront payment plus further consideration payable upon achievement of performance targets.

CoRRect Medical GmbH specializes in the introduction and sale of high-quality and innovative medical products in the fields of cardiology, vascular and cardiac surgery using minimally invasive procedures.

The CMS team included Dr Andreas Lohbeck, Lead Counsel, Stuttgart; Dr Heiko Wiechers, Lead Partner, Stuttgart, both Corporate/M&A; Dr Martin Mohr, Counsel, Stuttgart, Tax law; Dr Maximilian Koschker, Partner, Stuttgart; Philipp Deuchler, Associate, Stuttgart, both Labor, Employment & Pensions; Dr Rolf Hempel, Partner, Stuttgart; Martin Cholewa, Counsel, Stuttgart, both Competition & EU; Dr Roland Wiring, Partner, Hamburg, Regulatory & Intellectual Property; Dr Winfried Schnepp, Partner, Cologne; Dr Eva Margareta Wolff, Counsel, Cologne; Nathalie Binz, Associate, Cologne, all Insurance; Birgit Wagner, Senior Legal Consultant, Berlin; Tagrid Chahrour, Legal Consultant, Berlin; Anke Clippingdale, Legal Consultant, Berlin; Steven Washington, Legal Consultant, Berlin, all Smart Operations.

The Poellath team included Tobias Jäger (partner, lead, M&A/private equity, Munich), Dr. Philip Schwarz van Berk (partner, venture capital, private funds, Berlin), Andrea Streifeneder (senior associate, M&A/private equity, Munich), Dr. Nico Fischer (partner, tax law, Munich) and Dr. Matthias Meier (associate, M&A/private equity, Munich).

Involved fees earner: Nathalie Binz – CMS Hasche Sigle; Martin Cholewa – CMS Hasche Sigle; Philipp Deuchler – CMS Hasche Sigle; Rolf Hempel – CMS Hasche Sigle; Maximilian Koschker – CMS Hasche Sigle; Andreas Lohbeck – CMS Hasche Sigle; Martin Mohr – CMS Hasche Sigle; Winfried Schnepp – CMS Hasche Sigle; Birgit Wagner – CMS Hasche Sigle; Heiko Wiechers – CMS Hasche Sigle; Roland Wiring – CMS Hasche Sigle; Eva Margareta Wolff – CMS Hasche Sigle; Nico Fischer – P+P Pöllath + Partners; Tobias Jäger – P+P Pöllath + Partners; Matthias Meier – P+P Pöllath + Partners; Philip Schwarz van Berk – P+P Pöllath + Partners; Andrea Streifeneder – P+P Pöllath + Partners;

Law Firms: CMS Hasche Sigle; P+P Pöllath + Partners;

Clients: CoRRect Medical GmbH; Uniphar Group;

Author: Federica Tiefenthaler