Frankfurt/Main – Frankfurt-based SME investor Halder has sold Germany’s leading bakery company for soft rolls, the Wback Group, to US food manufacturer C.H. Guenther & Son LLC, which is majority-owned by US investment company Pritzker Private Capital Partners. The parties agreed not to disclose financial details of the transaction.
A CMS team headed by lead partner Dr Oliver Wolfgramm advised Halder on all legal aspects of the disposal. The Frankfurt-based private equity and M&A team headed by Wolfgramm has advised Halder on four transactions since 2011, most recently on the sale of the Aqua Vital Group last year.
Halder has been active as a private equity investor in Germany since 1991 and has provided 38 SMEs with equity capital for succession and growth. Following the exits from Klingel medical metal, Aqua Vital, KEYMILE and BMB Manifattura Borse, the sale of Wback is the fifth sale of a holding from the Halder Germany II fund portfolio in the past six months. Halder supports its portfolio companies in their international expansion and helps them to sharpen their strategy and tighten the focus of their business model. It also provides funding for expanding capacity and financing strategic acquisitions.
Wback was established in 2003. In 2013, Halder acquired a majority of the shares from founder Peter Wendeln as part of a succession solution. The company produces soft rolls for hamburgers and hotdogs for big-name customers in the chain restaurant sector, food retail and food service industry in Germany and Europe. Production is based in Bönen (North Rhine-Westphalia) and Leipheim (Bavaria).
Established in 1851, C.H. Guenther & Son is headquartered in the Texan city of San Antonio, USA. It manufactures food such as baked goods and frozen products. The company now has more than 3,500 employees across 22 production sites in the US, Canada and Western Europe.
Pritzker Private Capital has its head office in Chicago, Illinois, USA. The investment firm acquires and develops SMEs based in North America which have leading positions in the industrial products, services and healthcare sectors. In 2018, PPC Partners acquired a majority stake in C.H. Guenther & Son.
CMS Germany
Dr Oliver Wolfgramm, Lead Partner
Dirk Baukholt, Counsel
Dr Tobias Kilian, Counsel, all Corporate/M&A
Dr Markus Pfaff, Partner
Patrick Schultz, Senior Associate, both Banking & Finance
Johanna Hofmann, Partnerin
Sandra Scheib, Associate, both Real Estate & Public
Dr Rolf Hempel, Partner
Martin Cholewa, Senior Associate, both Competition & EU
Jörg Schrade, Partner, Tax
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