Leipzig – Frankfurt-based private equity firm VR Equitypartner (VREP) has sold its stake in Goldeck Süßwaren GmbH, a long-established manufacturer of chocolate specialities headquartered in Leipzig, to Wachstumsfonds Mittelstand Sachsen. VREP, which is one of the leading equity investors in Germany, Austria and Switzerland, supported the transaction by providing mezzanine financing as part of the acquisition financing. It thus remains involved in the company. VREP originally took an equity interest in 2011 in the context of an owner buy-out. The existing co-shareholders will also continue to hold shares in the company. Details of the transaction were not disclosed.
Goldeck is best known for its Zetti brand, with Zetti Knusperflocke and Zetti Bambina being the most famous products. The company employs more than 100 people and has its own production facility at its Zeitz location.
A CMS team headed by partners Dr Jörg Lips and Jesko Nobiling and led by senior associates Stefanie Pech and Dr Kevin Schmidt advised the confectionery manufacturer’s shareholders on all legal aspects of the transaction. The multi-location team regularly advises companies, shareholders and investors on private equity stakes and buy-outs.
CMS Germany
Dr Jörg Lips, Lead Partner, Corporate / M&A
Jesko Nobiling, Partner, Tax
Stefanie Pech, Senior Associate
Dr Kevin Schmidt, Senior Associate
Nadine Fröhlich, Project Manager, all Corporate/M&A
Prof. Heralt Hug, Partner
Alexander Tharan, Senior Associate, both IPTC
Dr Rolf Hempel, Partner
Martin Cholewa, Counsel, both Competition & EU
Prof. Marion Bernhardt, Partner
Neil Yeats, Counsel
Sven Groschischka, Senior Associate, all Employment
Alexander Selentin, Associate, Tax
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