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HgCapital buys shares in DocMorris – CMS Hasche Sigle advises 3i and Dr. Neuhaus Techno Nord

09/11/2004

3i (Frankfurt), Dr. Neuhaus Techno Nord (Hamburg) and other investors have sold approx. 46 % of the shares in the Dutch Internet chemist DocMorris to the British finance investors HgCapital. The volume of the transaction, which is still subject to clearance from the responsible cartel authority, was not disclosed. In the future 3i will thus own approx. 24 % of the shares and Dr. Neuhaus Techno Nord 14 %. The remaining 16 % are held by other investors.

Led by the Hamburg partner Dr Heino Büsching (corporate and tax law), Dr Marc Schacht (corporate and tax law) and Stefan Lehr (competition law) advised 3i and Dr. Neuhaus Techno Nord on the transaction.

According to information it itself provided, DocMorris, established in 2000, with currently approx. 500,000 customers, has a market share of approx. 80 % of mail order pharmacy products. The IPO is planned for 2006.


Advisers 3i and Dr. Neuhaus Techno Nord

CMS Hasche Sigle
Corporate and tax law
Dr Heino Büsching, Hamburg
Dr Marc Schacht, Hamburg
Competition law:
Stefan Lehr, Frankfurt

Dr. Ferber & Partner GmbH, Munich
Corporate Finance Advice:
Manfred Ferber
Lamoral zu Hohenlohe


Contact CMS Hasche Sigle:
Dr Heino Büsching
Tel.: +49(0)40 / 37630-0
E-mail: [email protected]



Background:
CMS Hasche Sigle is one of the leading German law firms with more than 350 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.

CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow, Prague and Shanghai.

The law firm is a founding partner of CMS, a European association of reputable law firms with more than 1,800 lawyers. In addition to CMS Hasche Sigle, the following firms are also members of the CMS association: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna (UK), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Klainguti Stettler Wille (Switzerland), CMS Lexcelis (Belgium) and CMS Reich-Rohrwig Hainz (Austria) with a total of 56 offices in 24 jurisdictions. This network enables CMS Hasche Sigle to offer integrated and extensive legal advice for cross-border projects.

Further information:
CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern
Contact details/List of partners at www.cms-hs.com