McDermott advises consortium of lenders on takeover of Schell

Munich/Olpe - McDer­mott Will & Schulte advi­sed the syndi­cate of lenders, consis­ting of ABN Amro, CIC Private Debt, LBBW and ODDO BHF, on the refi­nan­cing of the acqui­si­tion of Schell GmbH & Co KG by Para­gon Partners.

After 93 years of successful company history in family hands, the siblings Andrea and Joachim Schell signed an agree­ment in April to sell their company to the owner-mana­­ged, private Para­gon Group to secure the company’s succes­sion and keep SCHELL on course for growth.

The inno­va­tive and fast-growing Schell GmbH & Co KG employs 450 people world­wide. With its water-saving fittings, SCHELL offers future-proof solu­ti­ons for sustainable and resource-conser­­ving water use. Whether in public faci­li­ties, commer­cial enter­pri­ses or private house­holds — SCHELL solu­ti­ons help to opti­mize water and energy consump­tion, effec­tively reduce costs and at the same time make a valuable contri­bu­tion to envi­ron­men­tal and climate protection. 

“By handing over our company to Para­gon Betei­li­gungs­ge­sell­schaft, we are ensu­ring that our company remains stable in the long term and will conti­nue to operate successfully in the future. The new owners will actively conti­nue the exis­ting growth stra­tegy,” explain Andrea and Joachim Schell, share­hol­ders of Schell GmbH & Co KG.

Schell, based in Olpe, is the global market leader in water manage­ment systems and angle valves. A specia­list in fittings, sani­tary tech­no­logy products and digi­tal solu­ti­ons for main­tai­ning drin­king water quality. The company employs around 450 people and is active in more than 80 countries. 

Para­gon is an owner-mana­­ged invest­ment company that has been inves­t­ing in estab­lished medium-sized compa­nies in German-spea­king count­ries since it was foun­ded in 2004. The Munich-based company mana­ges equity capi­tal of more than 2.4 billion euros. 

Advi­sors to lenders: McDer­mott Will & Schulte, Munich

Ludwig Zesch, Dr. Matthias Weis­sin­ger (both Finance, both lead), Dr. Maxi­mi­lian Meyer (Coun­sel, Tax, Frank­furt), Asso­ciate: Bastiaan Wolters (Finance, Frank­furt), Konstan­tin Stro­bel (Tran­sac­tion Lawyer)