Hamburg – UK-based PE fund IK Partners has signed an agreement to acquire a majority interest in STEIN HGS GmbH from Lennertz & Co, an owner-managed family office based in Hamburg, and company founder Bodo Stein. The acquisition is made through the IK Small Cap III Fund. STEIN HGS is a leading B2B e-commerce specialist for barrier technology, municipality, construction site and facility management supplies. Lennertz & Co. and founder Bodo Stein will continue to be invested and thereby support the future growth of the company. The parties have agreed not to disclose further details of the transaction. The consummation of the acquisition is still subject customary conditions.
A CMS team headed by Lead Partner Dr Jacob Siebert advised the Hamburg-based family office Lennertz & Co. on all legal aspects of this transaction.
CMS Germany
Dr Jacob Siebert, Lead Partner, Hamburg
Tobias Kalski, Associate, Hamburg, both Corporate/M&A
Jörg Schrade, Partner, Munich, Tax law
Dr Kerstin Block, Partner, Hamburg
Dr Stefanie Heuer, Associate, Hamburg, both Banking & Finance
Christoff Henrik Soltau, Partner, Hamburg, Competition
Dr Philipp Nonnenmühlen, Senior Associate, Hamburg, Employment
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