09.07.2019

Luther supports further Group restructuring in the HealthCare segment

Press Release

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Luther provided comprehensive advice to the Ottobock Group on a group restructuring. The restructuring included various transformation measures, cross-border mergers and the conclusion of corporate agreements.

Background

The Ottobock Group, with its HealthCare division, is the world market leader in prosthesis manufacturing and is family-owned in the third generation. The company from Lower Saxony employs around 7,000 people worldwide and most recently generated sales of 927 million euros. Two years ago, the Swedish financial investor EQT acquired 20 percent of the HealthCare division of Ottobock SE & Co. KGaA, the first time in 100 years that a non-family shareholder has joined the company.

Following the entry of the new co-shareholder, various restructuring measures have now been implemented. First, the shareholder structure above Ottobock SE & Co. KGaA, which included the change of legal form from a KG to a GmbH and the conclusion of a company agreement. Parallel to and in advance of this process, the group structure was further simplified by various mergers, including two cross-border mergers.

The Ottobock Group has been advised by Luther for many years. Thanks to intensive cooperation with the client and early integration of the responsible commercial register, all measures were successfully implemented despite the demanding time schedule. 2 The two Essen partners Dr Stefan Galla (Head of Corporate / M&A) and Dr Cédric Müller (Head of Restructuring Consulting) were in charge of the project. The restructuring was accompanied by EY for tax purposes.

Author
Dr Stefan Galla

Dr Stefan Galla
Partner
Essen
stefan.galla@luther-lawfirm.com
+49 201 9220 24016

Dr Cédric Müller, LL.M. (Bristol)

Dr Cédric Müller, LL.M. (Bristol)
Partner
Essen
cedric.mueller@luther-lawfirm.com
+49 201 9220 24879

Marie Sinniger

Marie Sinniger
Partner
Luxembourg
marie.sinniger@luther-lawfirm.com
+352 27484 1

Klaus Thönißen, LL.M. (San Francisco)

Klaus Thönißen, LL.M. (San Francisco)
Partner
Essen
klaus.thoenissen@luther-lawfirm.com
+49 201 9220 24659

Dr Philipp Honisch

Dr Philipp Honisch
Counsel
Essen
philipp.honisch@luther-lawfirm.com
+49 201 9220 24735

Nina Stephan

Nina Stephan
Counsel
Essen
nina.stephan@luther-lawfirm.com
+49 201 9220 24758

Dr Carolina Gabriel

Dr Carolina Gabriel
Of Counsel
Essen
carolina.gabriel@luther-lawfirm.com
+49 201 9220 24637