Energy and InfrastructureBanking and Capital Markets Law, Financing06.01.2020Cologne News
Oppenhoff advises Family Trust Investor on the acquisition of the Dietsch Polstermöbel Group
Oppenhoff & Partner has provided comprehensive legal advice to the Munich-based private equity fund Family Trust Beteiligungsholding (FTI) on the acquisition of the Dietsch Polstermöbel Group based in Schmalkalden.
The Dietsch Group produces high-quality upholstered furniture with more than 190 employees at its site in Schmalkalden-Springstille (Thuringia). The enterprise, first mentioned in 1877, remained in family hands until its nationalisation in 1972 and was taken over by the family again immediately after the fall of the Berlin Wall in 1990. Within the framework of a succession solution, FTI is assuming a majority shareholding in the Dietsch Group; Tobias Fuhrmann, who as founding CEO of the Vivonio Furniture Group has many years of experience in the furniture industry, continues to be a shareholder. The brothers Jörk and Mathias Dietsch are also remaining in the enterprise as managing directors without change, as are all other family members and the rest of the management team.
Family Trust Beteiligungsholding is an investment company founded in 2015 by experienced private equity professionals with an investment focus on medium-sized companies in German-speaking countries.
The Oppenhoff team comprised Till Liebau (M&A/lead), Marcel Markovic, Moritz Schmitz (both corporate/M&A), Anja Dombrowsky, Cornelia-Cristina Scupra (both employment law), Jérôme Friedrich (financing), Georg Lecheler (IP), Dr. Gunnar Knorr (tax law), Marc Häger, Marvin Rochner (both real estate law) and Dr. Simon Spangler (antitrust and state aid law).