POELLATH advises baker Görtz on acquisition of papperts

Ludwigs­ha­fen — Bäcker Görtz GmbH (“Bäcker Görtz”), a port­fo­lio company of the private equity fund FSN Capi­tal VI advi­sed by FSN Capi­tal, has acqui­red a stake in the long-estab­­lished bakery company papperts GmbH (“papperts”). The merger of Bäcker Görtz and papperts will create one of the leading bakery groups in Germany. 

At the same time, this lays the foun­da­tion for a value crea­tion stra­tegy geared towards inor­ga­nic growth in the German bakery sector — with the aim of streng­thening estab­lished bakery compa­nies through colla­bo­ra­tion and ensu­ring their long-term deve­lo­p­ment. The foun­ders and previous owners of papperts will remain part of the newly formed group. POELLATH advi­sed Bäcker Görtz on the tax aspects of the acquisition. 

Based in Eichen­zell (near Fulda), papperts GmbH is one of the leading bakery compa­nies in Germany with over 160 specia­list stores in Hesse, Bava­ria and Thurin­gia. Papperts stands for genuine craft­sman­ship, high-quality baked goods made from regio­nal ingre­di­ents and a modern produc­tion infra­struc­ture. Around 1,900 employees provide fresh bread, rolls, pastries and savory snacks every day — always with the aim of ensu­ring quality and conti­nuity across generations. 

FSN Capi­tal was foun­ded in 1999 and is today one of the leading private equity firms in Nort­hern Europe. With assets under manage­ment of around EUR 4 billion, the private equity funds advi­sed by FSN Capi­tal invest prima­rily in medium-sized compa­nies in Nort­hern and Central Europe — parti­cu­larly in the DACH region and Scan­di­na­via. The invest­ment focus is on high-growth compa­nies in the busi­ness services, indus­try, IT & soft­ware and infra­struc­ture sectors. 

Consul­tant Bäcker Görtz GmbH: POELLATH 

Dr. Nico Fischer (Part­ner, Tax; photo © pplaw), Dr. Saskia Bardens (Senior Asso­ciate, Tax)