P+P advises VTC Industriebeteiligungen on acquisition of JK Group
JK primarily develops and operates tanning and irradiation equipment under the brand names "Ergoline", "BeautyAngel", "SunAngel", "Wellsystem" and "Virobuster". The applications of the equipment range from cosmetic tanning to natural collagen production, treatment of vitamin deficiency symptoms, skin diseases, as well as alleviation of orthopedic conditions with UV and near-infrared equipment, massage tables and air hygiene systems.
The JK Group has subsidiaries in France, the UK, the Netherlands, Switzerland, Canada and the USA. With 335 employees, the corporate group realized a turnover of approx. EUR 100 million in 2016.
VTC Industriebeteiligungen GmbH & Co. KG is headquartered in Munich and solely invests its own resources. Currently, VTC's affiliated companies realize annual turnover of approx. EUR 750 million and employ 5,300 people.
P+P Pöllath + Partners advised VTC from all offices with the following team on all matters:
- Dr. Frank Thiäner (partner, lead, M&A/private equity, Munich)
- Dr. Jens Linde (counsel, financing, Frankfurt)
- Daniel Wiedmann (counsel, antitrust, Frankfurt)
- Dr. Matthias Werner (senior associate, real estate, Berlin)
- Christine Funk (senior associate, M&A/private equity, Frankfurt)
- Andreas Kühnert (associate, M&A/private equity, Munich)
- Benjamin Maciejewski (associate, M&A/private equity, Munich)
