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