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P+P advised EQT in regard to the refinancing of the BackWerk group
Since early 2014, the Swedish investor EQT has been involved in bakery discounter Backwerk through its mid-market fund. EQT carried out a complex refinancing of the equity financing of BackWerk group.
P+P advised EQT with regard to the management participation; the following Munich-based team was involved:
- Dr. Barbara Koch-Schulte (partner, private equity/M&A, management participation)
- Dr. Julian Winkler (associate, private equity/M&A, management participation)
In November 2014, together with the Strüngmann family as co-investor, EQT acquired Siemens Audiology Solutions, the hearing device division of Siemens, for EUR 2.15b. Recently they acquired 100% of the EIS Aircraft group. P+P Pöllath + Partners regularly advises EQT with regard to the management participation program, as was the case in these transactions.
