Noerr has advised the financing bank consortium on the acquisition of a majority stake in Betten Duscher by the investment company Odewald KMU.
DZ Bank, Bremer Kreditbank and BHF-Bank belong to the consortium.
Odenwald has acquired the company within the scope of a succession arrangement regarding the new fund Odewald KMU II.
The vendors are the shareholders of Betten Duscher, a manufacturer of bed linen and household textiles from Roding in Bavaria. The shareholders remain linked to the company via a management participation and a continuing interest.
With respect to the transaction financing, the banks relied on a Noerr team led by the Frankfurt partner Tom Beckerhoff, who is a member of the banking and finance practice group. The team of more than 20 experts advises banks, insurance companies, pension funds, financial services providers and companies comprehensively on financing transactions.
