ECM Equity Capital Management (ECM) and Parcom Ventures B.V. have sold eismann. ECM was advised on this transaction by CMS Hasche Sigle headed by Frankfurt partner Dr Martin Bell and Dr Oliver Wolfgramm. Several other offices in the international CMS Alliance were also involved as eismann sells products in a number of European countries.
The management, led by Dr Frank Hoefer, is the new majority shareholder of this provider of frozen goods.
The British holding company Intermediate Capital Group plc is a further shareholder. The agreement is still subject to clearance by the cartel authorities. The parties have agreed not to disclose the purchase price or other details of the transaction.
Funds advised by ECM, Parcom and the management acquired eismann in 2004 from the Nestlé group and assisted the company in recent years on its way to corporate independence. The company founded in 1974 which has its base in Mettmann (North Rhine Westphalia) has undergone further development since the management buy-out. Today eismann supplies more than 2 million customers, 1.1 million of whom are in Germany. Last year it had a consolidated turnover of 494 million euro, 241 million of which was generated on the German market. eismann has a market share of approx. 25% which makes it the second largest - after Bofrost - provider of home delivery frozen products. Today the company has 4,700 employees across Europe. Eismann has approx. 1,400 independent sales personnel and 800 employees in Germany.
Adviser to ECM
CMS Hasche Sigle
Dr Martin Bell ( Private Equity, lead partner)
Dr Oliver Wolfgramm (Private Equity, lead partner)
Dr Joachim Dietrich, (Private Equity)
Dr Markus Rasner (Corporate, head of Vendor DD)
Dr Karsten Hilmer (Corporate, coordination)
Anja Dombrowsky (Employment)
Dr Sven Borngräber (Employment)
Dr Markus Häuser, (IT/Telecommunications)
Dr Jan Geert Meents (IT/Telecommunications)
Till Liebau (Corporate)
Dr Klaus Heuvels (Public Law)
Dr Anja Hasselmann (Financing)
Contact CMS Hasche Sigle:
Dr Martin Bell
Tel.:+49 (0) 69 / 7 17 01 - 316
E-mail: Martin.Bell@cms-hs.com
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 480 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com
CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 47 business centres in Europe and further afield on legal and tax issues.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 23 countries around the world.
For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see http://www.cmslegal.com.
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