Berlin – CMP German Opportunity Fund III, a private equity fund advised by Berlin-based private equity firm CMP Capital Management-Partners, has acquired the business operations of GETI WILBA GmbH & Co. KG. GETI WILBA manufactures meat and frozen food products. The transaction was carried out by the insolvency administrators as part of a rescue by way of transfer of assets. It is subject to various closing conditions as well as approval by the competition authorities. The deal enabled all of the around 550 jobs to be saved. Details of the transaction were not disclosed. Closing is scheduled for the start of June 2020.
A CMS team led by partners Dr Eva Annett Grigoleit, Dr Igor Stenzel and Niklas Lütcke again advised CMP on all legal aspects of the transaction. This included advising on the investor process and relevant aspects of food law. General Counsel Dr Robert Thamm was involved on the CMP side. CMP is a longstanding client of CMS Germany and is regularly advised by CMS on company sales and acquisitions in particular.
GETI WILBA GmbH & Co. KG, which will continue to be known as the GETI WILBA Group, specialises in processing meat products, particularly poultry and game, and in the production of frozen ready meals. The company operates facilities in the Lower Saxony towns of Bremervörde and Cuxhaven. In the chicken meat segment, GETI WILBA covers the entire value chain from the live animal to the end product for retail and industry.
Capital Management-Partners (CMP), headquartered in Berlin, acts as a manager of investment firms investing in companies that are in turnaround or special situations. As an active investor, it pursues an investment philosophy based on operational expertise and an entrepreneurial mindset. CMP focuses on companies that have a healthy operational core but are undergoing necessary change.
Dr Eva Annett Grigoleit, Partner
Dr Igor Stenzel, Partner, both Corporate/M&A
Niklas Lütcke, Partner, Restructuring & Insolvency, all Lead
Patrick M. Lühr, Counsel
Vera Wahl, Senior Associate
Olena Mausolf, Legal Consultant, all Corporate/M&A
Dr Heike Blank, Partner
Simon Biermann, Senior Associate, both Food Law and IP
Dr Jens Moraht, Partner
Alexander Schmitt, Counsel, both Finance
Prof. Marion Bernhardt, Partner
Dr Henrike Seifert, Senior Associate
Verena Oechslen, Senior Associate, all Employment
Dr Andreas Hofelich, Partner
Dr Mario Brungs, Senior Associate, both Occupational Pensions
Dr Andreas Otto, Partner
Dr Mirko Zorn, Counsel
Dr Felix Stoecker, Senior Associate, all Real Estate
Dr Rolf Hempel, Partner
Martin Cholewa, Senior Associate, both Merger Control
CMP Capital Management-Partners
Dr Robert Thamm, General Counsel