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CMS Hasche Sigle advises VR Equitypartner GmbH on sale of melvo to SC Johnson

18/09/2013

Stuttgart – Frankfurt-based VR Equitypartner GmbH has signed an agreement on the sale of melvo Holding GmbH. Headquartered in Ludwigsburg, melvo is being sold to SC Johnson under an agreement with the private equity firm as main shareholder plus the other shareholders. The global manufacturer of household products intends to acquire 100% of the shares in the footwear/leather care product specialist. The transaction is currently awaiting approval from the relevant authorities and is expected to complete within the next few months. The purchase price was not disclosed.

A team from CMS Hasche Sigle led by Dr Udo Simmat and Dr Tobias Schneider advised VR Equitypartner on all legal aspects of the sale.

With brands that include "Salamander Professional" and "Woly", melvo is one of the leading providers in its segment across Europe. The company was established in 1988 as a spin-off from shoe manufacturer Salamander, which had been selling shoe care products since 1922. melvo remained a subsidiary of Salamander until the end of 2003; VR Equitypartner took an equity stake in 2007 and since then has been providing support for the firm's strategy of growth and international expansion.

VR Equitypartner is a leading equity capital financier in Germany, Austria and Switzerland. The company was formed via the merger of DZ Equity Partner GmbH and WGZ Initiativkapital GmbH in August 2012. A joint subsidiary of DZ BANK and WGZ BANK, it helps family-owned SMEs to achieve sustainable development of their business. VR Equitypartner's portfolio currently comprises some 100 investments valued at EUR 570 million. US family-owned business SC Johnson generates annual sales of USD 9 billion with brands such as "Autan" and "Brise" and has some 13,000 employees.

CMS Hasche Sigle

Dr Udo Simmat, Private Equity, Lead Partner
Dr Tobias Schneider, Private Equity, Lead Partner
Dr Jacob Siebert, Private Equity
Dr Heiko Wiechers, M&A
Dr Marc Seibold, Finance
Kai Neuhaus, Competition
Johannes Braun, M&A
Andreas Lohbeck, M&A
Dr Jan Dombrowski, IP
Ernest Agajan, Corporate
Benedikt Ecker, Competition

Press Contact
presse@cms-hs.com

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Press Release VR-Equitypartner, 18/09/2013
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