Ashurst advised Joh. Berenberg Gossler & Co. KG ("Berenberg Bank") and BHF-BANK Aktiengesellschaft ("BHF-BANK") on the financing of the acquisition of Wback Group ("Wback") by SME-investor Halder Beteiligungsberatung GmbH ("Halder").
Wback, a leading manufacturer of hamburger and hot-dog buns for the food industry, has been acquired through a management buyout. In parallel to Halder as the new majority shareholder, the new management, led by Matthias Geißler and Dirk Hauer, will become a shareholder.
The Ashurst team was led by finance partner Dr Bernd Egbers, supported by senior associate Carsten Endres, associates Dr Endrik Kramski and Thomas Freund as well as paralegal Anna Zoth (all finance). Corporate partner Lars Jessen (Munich) and tax partner Heiko Penndorf (Frankfurt) also advised.
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