18.08.2015

Luther advises VR Equity-partner on purchase of Leuna-Tenside

On 12 August 2015, the Frankfurt-based investment company VR Equitypartner GmbH and investor BIP Investment Partners S.A. (BIP), based in Luxembourg, acquired a majority holding in the chemical producer Leuna-Tenside GmbH. VR Equitypartner was advised by Luther Rechtsanwaltsgesellschaft mbH on fiscal due diligence procedures and on other tax-related aspects of the purchase.

Background

On 12 August 2015, the Frankfurt-based investment company VR Equitypartner GmbH and investor BIP Investment Partners S.A. (BIP), based in Luxembourg, acquired a majority holding in the chemical producer Leuna-Tenside GmbH. VR Equitypartner was advised by Luther Rechtsanwaltsgesellschaft mbH on fiscal due diligence procedures and on other tax-related aspects of the purchase.

By securing VR Equitypartner and BIP, Leuna-Tenside GmbH has found two investors with a long-term horizon bringing extensive experience with mid-sized companies. Both investors aim for long-term continuity in company leadership; all jobs at Leuna-Tenside will be preserved. Cartel authorities in Germany and Austria have already approved the transaction.

About Leuna-Tenside GmbH

Leuna-Tenside GmbH was founded in 1995 through a management buy-out part of a business area of the former Leuna-Werke. The company occupies a market-leading position in Europe in the production of tensides and chloroparaffins. Tensides are used in many every-day products, for example in the production of detergents and cleaning products. Chlorparaffins are used to manufacture cooling lubricants, as flame retardants or as softeners in the production of plastics.

 

About VR Equitypartner

VR Equitypartner is one of the leading providers of equity financing in Germany, Austria and Switzerland. As a joint subsidiary of DZ BANK and WGZ BANK, VR Equitypartner consistently attaches greater importance to sustainable corporate development than to short-term exit scenarios. VR Equitypartner's portfolio currently includes about 100 engagements with an investment volume of EUR 500 million.

For VR Equitypartner GmbH

Luther, tax law: Ulrich Siegemund (Partner) and Tilo Künstler (both Frankfurt a.M.)

 

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Author
Ulrich Siegemund

Ulrich Siegemund
Partner
Frankfurt a.M.
ulrich.siegemund@luther-lawfirm.com
+49 69 27229 16364