CMS advises Avantgarde Gesellschaft für Kommunikation mbH on capital increase and investment by AFINUM

Frankfurt/Main – AF Eigenkapitalfonds für deutschen Mittelstand GmbH & Co. KG, a fund company advised by Munich-based AFINUM Management GmbH, is taking a stake in Avantgarde Gesellschaft für Kommunikation mbH as part of a capital increase. It is also acquiring existing shares following a change in the shareholder structure. The longstanding management team led by Avantgarde founder Martin Schnaack continues to hold a majority stake in Avantgarde.

A team headed by lead partner and M&A expert Dr Oliver C. Wolfgramm advised the Avantgarde shareholders, including founder Martin Schnaack, on all aspects of the deal.

Munich-based Avantgarde is a leading creative brand experience advertising agency. With locations and subsidiaries in growth markets such as China, Brazil, India, Russia and the Gulf states, together with offices in Switzerland, the UK and Austria, it operates across borders to implement international campaigns. The firm was established in 1985 and is also a recruitment service provider in the fields of marketing, communication and sales via its Experts and Talents division. Its clients include car manufacturers, financial services groups and consumer goods manufacturers. Avantgarde intends to use the investment made by AFINUM to drive forward its international growth strategy.

CMS Hasche Sigle

Dr Oliver C. Wolfgramm, Corporate/M&A, Lead Partner
Dr Johannes Baare, Corporate/M&A
Dirk Baukholt, Corporate/M&A
Marcus Fischer, Tax

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