Medike International Corp., Canada has acquired all shares in Landes Holding GmbH, a VR Equitypartner portfolio company, thus further expanding its global presence. Details of the purchase price were not disclosed.
An international CMS team led by Dr Jörg Lips provided Medike with advice on all legal aspects. The advice included in particular due diligence and negotiating the transaction documentation. A team led by banking and finance partner Axel Dippmann also provided advice on aspects of redemption of the financing banks in the jurisdictions of Germany, Canada and Hong Kong.
Landes Group is a global provider of labels for the textiles and jeans industry and of belts and small leather items for the retail trade and the textiles sector. The company has its headquarters in Isny im Allgäu, Württemberg. Through its subsidiaries in Canada, Mexico, Hong Kong and Bangladesh, Landes Group has production facilities in Europe, America and Asia.
Thanks to the acquisition, Medike offers its customers a one-stop shop solution on every major continent and operates in locations in Bangladesh, Canada, Germany, Hong Kong, Mexico and the USA. Based in Ontario, Canada, the company has been a leading global manufacturer of leather, synthetic and specialty patches, trims, accessories and belts for the apparel industry since 1984. The company also supports clothing manufacturers worldwide in increasing the value of brand products.
Dr Jörg Lips, Lead Partner
Dr Jochen Lux, Partner
Dr Christoph Löffler, Associate
Peter Ollesch, Associate, all Corporate/M&A
Axel Dippmann, Partner
Dr Jens Moraht, Partner
Alexander Schmitt, Counsel
Anne Neumann, Research Associate, all Banking & Finance
Jesko Nobiling, Partner, Tax Law
Dr Rolf Hempel, Partner, Competition & EU
Dr Anja Schöder, Senior Associate
Dr Jörg Hübner, Associate, both Labor, Employment & Pensions
Dr Ursula Steinkemper, Partner, Real Estate & Public
Stefan Schreiber, Senior Associate
Dr Hans-Christian Woger, Senior Associate, both Intellectual Property
CMS Hong Kong
Tim Elliott, Partner, Banking & Finance