Corporate Law / Mergers & Acquisitions / Real Estate Law / Antitrust Law and Merger Control / Tax Law25.04.2023 News
Oppenhoff advises BMV Group on restructuring and acquisition of von den Hoff Group
Oppenhoff has advised the BMV Group on its realignment and acquisition of the von den Hoff Group. The von den Hoff companies will be taken over by a newly founded subsidiary, BMV Holding GmbH & Co. KG.
BMV Beteiligungs- und Besitzgesellschaft GmbH & Co. KG, based in Hamburg, is an association of medium-sized specialist building material dealers. It maintains and establishes partnership alliances with national and regional suppliers. The shareholders of the BMV Group operate throughout Germany.
The von den Hoff Group operates specialist building material stores in Düren, Aachen, Erftstadt, Bonn and Sankt Augustin. Companies belonging to the association include the roofing supplies dealer Helmut von den Hoff GmbH & Co. KG, H. von den Hoff GmbH & Co. KG and J. Karl Vollmar GmbH & Co. In addition, the acquired group of companies also has a share in the aluminium and steel profile system specialist wholesaler HOBA Alu-Produkte Vertriebs GmbH.
By acquiring the companies, which were previously family-owned, the BMV Group was able to obtain a co-shareholder from its own circle and thus strengthen diversity in the medium-sized building materials trade.
“The transaction is a first in the German mid-market, as this is the first time that an alliance company has acquired one of its own. With this acquisition, the mid-market is securing diversity and the continued existence of medium-sized building material dealers," says Dr. Philipp Heinrichs, junior partner in the Corporate Law / M&A department at Oppenhoff.
The Oppenhoff team led by Dr. Philipp Heinrichs (Corporate/M&A) also included Marvin Rochner, Julia Höyng (both Real Estate) Dr. Daniel Dohrn, Renée Cherelle Eckruth (both Antitrust), Marc Krischer and Hanjo Prondzinski (both Tax). The external advisor was Auditor/tax consultant Dipl.-Oec. Ulrich Waldschmidt (Dr. Gehre-Treuhand GmbH).