CMS advises Keuco shareholders on majority stake sale to HFO
CMS advised the shareholders of bathroom fittings manufacturer Keuco on the sale of a majority stake to Hannover Finanz Opportunities (HFO), a division of the Hannover Finanz Group. The acquisition was structured as a share deal. The financial terms were not disclosed.
Deal details
Under the agreement, the existing shareholders will retain a minority interest in Keuco. HFO becomes the company’s long-term equity partner and will support its strategic and operational development.
The CMS team
A CMS team spanning multiple offices and disciplines, led by Klaus Jäger, provided the sellers with legal and tax advice. The lineup included from Colognepartner Malte Bruhns, counsel Catharina Dickhäuser, counsel Christoph Schröer, associate Pauline Stein, associate Torsten Weber, counsel Julia Menke, partner Andreas Hofelich, principal counsel Dirk Smielick, counsel Christina Saatkamp, and counsel Mario Brungs; from Studgartt, partner Alexandra Schluck-Amend, counsel Manuel Nann; from Brussels, partner Björn Herbers and counsel Moritz Pottek; from Hamburg, associate Miruna Sava; from Duesseldorf, partner Martin Friedberg; from Munich, counsel Eduard Kosavtsev.
