MBI: SMP advises Rhein Invest on acquisition of Spiegel Institute

Photo: Dr. Jörn Wöbke, Part­ner at SMP in Berlin
4. March 2021

Berlin, March 5, 2021 — SMP advi­sed a fund mana­ged by Dutch Rhein Manage­ment B.V. (Rhein Invest) on the acqui­si­tion of Spie­gel Insti­tut Holding GmbH & Co KG, Spie­gel Insti­tut Mann­heim GmbH & Co KG, Spie­gel Insti­tut Ingol­stadt GmbH and Spie­gel Insti­tut Shang­hai Co Ltd (toge­ther Spie­gel Insti­tut) in the course of a manage­ment buy-in. The previous owners of Spie­gel Insti­tut will retain a stake in the company and will conti­nue to support the manage­ment in an advi­sory capacity.

Rhein Invest was accom­pa­nied by a team led by Jörn Wöbke and Moritz Diek­gräf. SMP’s scope of advice in this tran­sac­tion inclu­ded corpo­rate and tax advice on the acqui­si­tion as well as on the future group struc­ture and the corpo­rate and tax struc­tu­ring with regard to the manage­ment parti­ci­pa­tion as well as the return parti­ci­pa­tion of the sellers. The parties agreed not to disc­lose the purchase price or further details of the transaction.

About Rhein Invest
Rhein Invest is a Dutch invest­ment company focu­sed on majo­rity invest­ments in profi­ta­ble, small and medium-sized enter­pri­ses (SMEs) in the indus­trial, busi­ness services, soft­ware, agri­cul­tu­ral tech­no­logy and leisure sectors in the Nether­lands and Germany. Parti­cu­lar empha­sis is placed on a strong DNA, expan­da­ble market posi­tion and pronoun­ced inno­va­tive strength of the investments.

The Mirror Institute
The Spie­gel Insti­tute is an inter­na­tio­nally opera­ting rese­arch and consul­ting insti­tute for consu­mer rese­arch and user expe­ri­ence consul­ting. Foun­ded as early as 1950 by Prof. Dr. Bernt Spie­gel as the first market psycho­logy insti­tute in Germany, it now has loca­ti­ons in Mann­heim, Ingol­stadt, Stutt­gart, Hamburg, Munich and Shang­hai. From there, the Spie­gel Insti­tute is active world­wide for its renow­ned custo­mers. By inclu­ding the user and consu­mer perspec­tive in the deve­lo­p­ment process of products and services, the Spie­gel Insti­tute thus actively contri­bu­tes to the success of its custo­mers, which prima­rily include global players.

About SMP
SMP is a specia­list tax and commer­cial law firm opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax and tran­sac­tions. SMP’s attor­neys and tax advi­sors repre­sent a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. Since its foun­da­tion in 2017, SMP has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, SMP employs more than 60 expe­ri­en­ced lawy­ers, tax advi­sors and tax specia­lists in three offices in Berlin, Hamburg and Colo­gne.

Consul­tant Rhein Invest: SMP
Dr. Jörn Wöbke, Photo (Lead/M&A/Corporate Law), Partner
Dr. Moritz Diek­gräf (Co-Lead/M&A/Corporate Law), Associate
Dr. Malte Berg­mann (Taxes), Partner
Ann-Kris­­tin Loch­mann (Taxes), Senior Associate
Moritz von Saß (M&A/Corporate Law), Rese­arch Associate

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