Frankfurt a.M. – Luther Rechtsanwaltsgesellschaft comprehensively advised Aurelius on the takeover of one of Europe's leading suppliers of construction and sanitary materials. In addition to Luther, seven further international law firms from the relevant European markets were involved in the transaction on the part of Aurelius: Fidal (France), Garrigues (Spain), Gün + Partners (Turkey), PRK Partners (Czech Republic), DZP (Poland), Lydian (Belgium) and Fender Advocaten (Netherlands).
With this transaction, Luther supported the growth strategy of the international Aurelius Group, which consists in handling divestment processes of large multinational groups. Hüppe GmbH is a leading European manufacturer of shower enclosures, shower trays, wall panels and bathroom accessories; it employs around 470 people at two production sites in Germany and Turkey as well as six European sales companies.
The transaction is expected to be completed in April 2021 and is subject to approval by the antitrust authorities. The parties have agreed not to disclose the financial details.
Aurelius is an investment group that operates throughout Europe, with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since its inception in 2006, Aurelius has grown from a turnaround investor to an international multi-asset manager.
Aurelius Equity Opportunities SE & Co KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4) represents the listed entity within the Aurelius Group that focuses on investing in corporate carve-outs and platform build-ups in various industries. With a team of around 100 in-house operations experts, Aurelius supports the portfolio companies in their long-term development. Currently, 26 group companies with around 13,000 employees across Europe generate revenues of approximately EUR 3.0 billion. The shares of Aurelius Equity Opportunities are traded on all German stock exchanges.
On behalf of Aurelius:
Luther, Real Estate: Mareen van Loosen (Associate)
Luther, Commercial: Christian Wensing, LL.M. (Associate)