Exit: PREMIUM Equity Partners sells weka Group to Outdoor Life Group

Cate­gory: Private Equity
29. Octo­ber 2018

Frankfurt/Main — The funds advi­sed by PREMIUM Equity Part­ners, Frankfurt/Main, have sold all shares in the weka Group to the Dutch Outdoor Life Group (OLG). Based in Neubran­den­burg, weka employs around 140 people and gene­ra­tes sales of more than 30 million euros. The group opera­tes in two concept worlds: The garden world area includes garden houses, patio covers, children’s play equip­ment, swim­ming pools and carports. With high-quality saunas and infrared heat cabins weka serves the well­ness sector. The parties have agreed not to disc­lose the purchase price. The tran­sac­tion is still subject to appr­oval by the rele­vant anti­trust autho­ri­ties. PREMIUM Equity Part­ners was advi­sed by Heuking Kühn Lüer Wojtek.

PREMIUM Equity Part­ners had acqui­red weka in 2016 and focu­sed on imple­men­ting new stra­te­gic initia­ti­ves. This included in parti­cu­lar the deve­lo­p­ment of new sales chan­nels and custo­mer groups, and the expan­sion of the product range to include alter­na­tive mate­ri­als such as wood-based mate­ri­als and metal. In the future, the new owner OLG and weka want to use syner­gies to become a Euro­pean market leader.

PREMIUM Equity Part­ners is an invest­ment company foun­ded in 2011, which invests in strong niche compa­nies in the DACH region with a turno­ver between 10 and 50 million euros. PREMIUM Equity Part­ners provi­des capi­tal to compa­nies for growth finan­cing, company succes­sion and spin-offs.

Duhnkrack’s team has been advi­sing PREMIUM Equity Part­ners for some time, most recently on the majo­rity invest­ment in the Dres­­den-based mecha­ni­cal engi­nee­ring company KAMA GmbH.

Advi­sors to PREMIUM Equity Part­ners GmbH: Heuking Kühn Lüer Wojtek
Dr. Stefan Duhn­krack (Lead Part­ner, M&A), Hamburg
Dr. Katha­rina Pras­uhn (Corpo­rate, M&A),
Dr. Hans Henning Hoff (DD, Corporate),
Tim Peter­mann (DD, Commercial),
Dr. Kai Erhardt (Finan­cing),
Dr. Chris­tina Etzel (Public Law),
Carlo Schmidt (Labor Law),
Fabian G. Gaffron (Taxes), all Hamburg
Dr. Anton Horn (IP), Düsseldorf
Dr. Thomas K. W. Schrell, LL.M. (Finan­cing), Frankfurt/M.

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