Orrick Advises Hager & Meisinger on the Sale of a Majority Stake to Apheon

Munich/Neuss — Orrick advi­sed the former majo­rity share­hol­ders of Hager & Meisin­ger, a global provi­der of premium dental instru­ments and work­flow solu­ti­ons head­quar­te­red in Neuss, on the sale of a control­ling stake to Apheon, a private equity inves­tor active throug­hout Europe.

Apheon will be working with the former share­hol­ders and co-CEOs of Hager & Meisin­ger, Dr. Burkard Höchst and Sebas­tian Voss. Both will retain a signi­fi­cant stake in Apheon and will conti­nue to play an active role in shaping the group’s future development. 

With Apheon as a part­ner, Hager & Meisin­ger aims to grow more quickly, both orga­ni­cally and through targe­ted acqui­si­ti­ons. The focus is on expan­ding its presence in the U.S. and streng­thening its inter­na­tio­nal sales reach and distri­bu­tion partnerships. 

Hager & Meisin­ger was foun­ded in 1888 and is head­quar­te­red in Neuss. The group is a leading inde­pen­dent specia­list in high-precis­­ion dental instru­ments. The Meisin­ger and Jota brands are united under the group’s umbrella. Through its inter­na­tio­nal distri­bu­tion network, the group supplies dentists and dental profes­sio­nals in more than 100 count­ries. Its verti­cally inte­gra­ted manu­fac­tu­ring faci­li­ties are loca­ted in Neuss and Rüthi, Switzerland. 

Apheon is a private equity inves­tor active throug­hout Europe with a focus on mid-market compa­nies. Since its foun­ding in 2005, Apheon has raised more than 5 billion euros in capi­tal. Its current port­fo­lio compri­ses appro­xi­m­ately 25 compa­nies with total reve­nue of around 4 billion euros and more than 25,000 employees. Apheon is advi­sed by Apheon Advi­sors, which has offices in Brussels, Milan, Madrid, Paris, Munich, and Amsterdam. 

The former majo­rity share­hol­ders of Hager & Meisin­ger were advi­sed by an Orrick team led by Munich-based private equity part­ner Dr. Chris­toph Bren­ner, who regu­larly advi­ses on complex private equity tran­sac­tions, parti­cu­larly in the tech­no­logy sector.

Legal coun­sel to the former majo­rity share­hol­ders of Hager & Meisin­ger: Orrick

Dr. Chris­toph Bren­ner (Lead Coun­sel, Part­ner, M&A and Private Equity, Munich), Maria Teodo­rescu (Lead Coun­sel, Mana­ging Asso­ciate, M&A and Private Equity, Munich), Dr. Stefan Renner (Part­ner, M&A and Private Equity, Düssel­dorf), Adrian Deng­ler (Coun­sel, M&A and Private Equity, Munich), Dr. Stefan Schul­­tes-Schnit­z­­lein (Part­ner, Tax Law, Düssel­dorf), Cars­ten Enge­lings (Coun­sel, Tax Law, Düssel­dorf), Dr. Lars Mesen­brink (Part­ner, Anti­trust, Compe­ti­tion, and Invest­ment Law, Düssel­dorf), Dr. Bene­dikt Kamann (Mana­ging Asso­ciate, Anti­trust, Compe­ti­tion, and Invest­ment Law, Düssel­dorf), Dr. André Zimmer­mann (Part­ner, Employ­ment Law, Düssel­dorf), Mari­anna Urban (Coun­sel, Labor Law, Düsseldorf).