Allen & Overy LLP has advised the fund managed by the German private equity firm ECM Equity Capital Management GmbH (ECM) on the acquisition of C37 Word GmbH, the sole shareholder of Wieners + Wieners GmbH. Most of the existing owners, as well as the management, will retain their interests in Wieners + Wieners following the takeover. The effective closing date is 30 June 2016. The parties agreed not to disclose the purchase price or any further transaction details.
Wieners + Wieners is a leading premium provider of language services in the field of economics, advertising and finance in Germany. The company uses a global network of more than 900 native-speaker translators and editors and has 60 employees, including 18 linguists working as in-house editors. Serving more than 2,000 customers each year, of which 700 are independent advertising agencies, Wieners + Wieners is the leading player in this particular market in Germany.
The Allen & Overy team was led by partner Dr. Michael Bernhardt and comprised counsel Nikolai Sokolov and associates Sebastian Dexheimer and Phillip Prystawik (all Private Equity/M&A, Frankfurt). They were further supported by partners Thomas Neubaum (Banking and Finance), Dr. Hans-Peter Löw (Employment & Benefits), Dr. Jens Matthes (IP, Düsseldorf), Dr. Asmus Mihm (Tax, Frankfurt), Jürgen Schindler (Antitrust, Brussels/Hamburg), counsel Dr. Christian Hilmes (Real Estate, Hamburg), senior associates Boris Blunck (Employment & Benefits, Frankfurt) and Miray Kavruk (IP, Düsseldorf) and associates Patrick Reuter (Banking and Finance), Jennifer Sauder (IP, Düsseldorf), Gunnar Harlacher (Tax, Frankfurt), Milosz Cywinski (Antitrust, Brussels) and Dr. Daniel Bolm (Real Estate, Hamburg).