Exit: Odewald KMU sells 7days Group to Silverfleet
Berlin — German private equity firm Odewald KMU (Berlin) has sold 7days Group, a provider of workwear for the healthcare sector, to Silverfleet Capital. — The company’s founders, Marc Staperfeld and Ulrich Dölken, continue to be involved in the company through a reverse shareholding.
7days designs, manufactures and distributes workwear for medical professions. The product range includes medical and laboratory coats, tops, pants, shoes and accessories. A special focus is on the offer for medical and dental practices. Founded in 1999, the company is headquartered in Lotte near Osnabrück.
Odewald KMU (Berlin) also acquired a majority stake in Langer & Laumann Ingenieurbüro GmbH.
Langer & Laumann Ingenieurbüro GmbH specializes in the installation and modernization of door drives for elevators and safety doors on or in machines. The previous owners have taken a reverse stake in the transaction and will continue to manage the group. The parties have agreed not to disclose the amount of the investment.
The investment is the third investment of the new Odewald KMU II Fund. Odewald KMU invests in medium-sized, established and high-growth companies in German-speaking countries. Investors are predominantly German institutional asset management companies and wealthy private investors. P+P Pöllath + Partners has already provided tax advice to the first investments of the Odewald KMU II Fund.
Advisor Odewald SME: P+P Pöllath + Partners
In both transactions Odewald KMU was advised on tax matters by:
— Alexander Pupeter (Partner, M&A/Private Equity, Tax, Munich)
— Mareen Glaab (Associate, M&A/Private Equity, Tax, Munich)