CMS advises Harald Quandt Industriebeteiligungen on acquisition of majority stake in Funke Medical

Frankfurt/Main – Harald Quandt Industriebeteiligungen GmbH (HQIB) has acquired a majority shareholding in Funke Medical AG, the market leader in Germany for decubitus therapy systems in the wound care field. Funke Medical has a strong focus on sustainable products and processes. The mattresses in the Greenline series, for example, are manufactured from a special foam. This material has improved properties, but at the same time the manufacturing process emits around 22% less CO2 than conventional foam materials. CEO Andreas Funke and board members Patricia Funke and Helmut Wessels retain a minority interest and will manage the company together with board colleague Christian Maruhn as it enters the next phase of its growth. HQIB and Funke Medical are planning to achieve further growth both organically and through acquisitions. The parties agreed not to disclose details of the purchase price.

A CMS team headed by lead partner Dr Hendrik Hirsch advised HQIB on all legal aspects of the transaction, especially on regulatory matters and the impact of medical products law. HQIB, the private equity firm owned by the Harald Quandt family and a small number of selected (industrial) families and partners, regularly relies on the expertise of CMS. A recent example was the acquisition of a majority stake in museum software firm zetcom.

CMS Germany

Dr Hendrik Hirsch, Lead Partner, Frankfurt/Main
Dr Berrit Roth-Mingram, Senior Associate, Frankfurt/Main
Maximilian Stark, Associate, Frankfurt/Main, all Corporate
Dr Roland Wiring, Partner, Hamburg
Dr Siham Hidar, Associate, Hamburg, both Regulatory & Compliance
Dr Reemt Matthiesen, Partner, Munich, Data Protection
Nicole Köppen, Senior Associate, Frankfurt/Main
Dr Franz Maurer, Senior Associate, Frankfurt/Main
Juliana Kettel, Associate, Frankfurt/Main, all Real Estate & Public
Dr Lisa Stiller, Senior Associate, Frankfurt/Main, Commercial
Steven Washington, Consultant, Berlin
Edris Trabzadah, Consultant, Berlin, both Employment, SMOP

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