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Rödl & Partner advises Vorwerk on investment in Degrenne

27. March 2019

Wupper­tal / Vire / Paris — Rödl & Part­ner advi­sed the Vorwerk Group on its 30 percent share­hol­ding in Guy Degrenne SA (“DEGRENNE”) through a capi­tal incre­ase of 15 million euros at a subscrip­tion price of 0.23 euros per share.

Following the capi­tal incre­ase, the main share­hol­der Diver­sita and Vorwerk plan a joint squeeze-out of all shares held by mino­rity share­hol­ders. The effec­tive execu­tion of the squeeze-out is still subject to appro­val by the French finan­cial market autho­rity AMF.

Following further steps agreed in a frame­work agree­ment signed in Janu­ary, Vorwerk will even­tually hold a 30% stake in DEGRENNE. Vorwerk’s invest­ment will enable DEGRENNE to acce­le­rate its reco­very and, in parti­cu­lar, to invest in the moder­niz­a­tion of its histo­ric produc­tion site in Vire, Normandy. About Vorwerk The Vorwerk Group is a family-owned company with world­wide acti­vi­ties in the produc­tion and sale of high-quality house­hold appli­an­ces. Vorwerk is known prima­rily for the multi­func­tio­nal kitchen appli­ance Thermomix.

About DEGRENNE
DEGRENNE is a high-end manu­fac­tu­rer of luxury table­ware, inclu­ding cutlery, porce­lain dinn­er­ware and stain­less steel cook­ware, as well as high-end metal appli­an­ces for indus­trial custo­mers, inclu­ding Vorwerk.

Advi­sor Vorwerk: Rödl & Part­ner Paris
Legal, Tax, Finance Nicola Lohrey, Mana­ging Part­ner France (Legal Due Dili­gence, SPA Advice) Anne-Sophie Hebras, Attor­ney at Law (France), Asso­ciate Part­ner (Legal Due Dili­gence, SPA Advice, Closing Proce­du­res) Olivier Rous­sel, Gene­ral Direc­tor (Finan­cial Due Dili­gence, SPA Advice) Maxi­mi­lian Egger, CFA, Asso­ciate Part­ner (Finan­cial Due Dili­gence, SPA Advice, Closing State­ments) Maxi­mi­lian Lennertz, Asso­ciate (Finan­cial Due Diligence)

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