P+P advises GALA-KERZEN on the acquisition of a majority stake in JuwelKerze
GALA-KERZEN has acquired a majority stake in JuwelKerze JewelCandle GmbH ("JewelCandle"). The founders of JuwelKerze, Martin Werle and Marius Stolarski, remain invested in the company and will also participate significantly in the GALA-KERZEN GROUP. The parties have agreed to maintain confidentiality regarding the details of the transaction. The acquisition is subject to the approval of the responsible antitrust authorities.
JuwelKerze distributes scented candles with integrated jewelry via various online shops in Germany, France, Italy, Austria, the Netherlands and Great Britain. In non-German-speaking countries, the candles are sold under the brand JewelCandle. The Berlin-based start-up has achieved enormous growth in recent years and employs approx. 50 people at two German locations and one Polish branch.
The GALA-KERZEN GROUP is one of the largest candle manufacturers, with two production sites in Germany and Hungary. As recently as February, the company invested in the Indian producer Ramesh Flowers.
Equistone Partners Europe, which has been invested in GALA-KERZEN since 2016, is one of the leading European private equity investors, with a team of more than 35 investment experts in six offices in Germany, Switzerland, France and Great Britain. Equistone primarily participates in established medium-sized companies.
P+P Pöllath + Partners comprehensively advised GALA-KERZEN with the following team:
- Dr. Andrea von Drygalski (partner, lead, M&A/PE, Munich)
- Dr. Benedikt Hohaus (partner, MPP, Munich)
- Dr. Roman Stenzel (counsel, MPP, Munich)
- Christine Funk (senior associate, M&A/PE, Frankfurt)
- Dr. Verena Stenzel (senior associate, M&A/PE, Munich)
- Nemanja Burgić (associate, M&A/PE, Munich)
