ECM, PINOVA, and Gilde’s Acquisition of DETAX Group

King & Wood Mallesons, Ehlers & Partner and Shearman & Sterling assisted the Investor consortium on the acquisition. CMS advised the Regneri family as the sellers. Noerr advised a lending syndicate led by Kreissparkasse Biberach, Sparkasse Karlsruhe and Volksbank eG – Die Gestalterbank in connection with funding the acquisition.

ECM Equity Capital Management GmbH, PINOVA Capital GmbH and Gilde Healthcare (the investment consortium) has acquired a majority stake in DETAX Group. 

The investor consortium supports DETAX and the management team in succession planning through a management buy-out. The transaction is still subject to approval of the relevant antitrust authorities.

DETAX is a specialist in medical polymer materials and a leading supplier of biocompatible silicones as well as light-curing 3D resins for medical applications in the dental and audio sectors. Together, the investors and DETAX intend to drive further the successful growth of the company.

ECM is a trusted growth partner for mid-sized enterprises and entrepreneurs in German-speaking Europe. The ECM funds invest primarily in leading mid-market companies with attractive growth potential in the context of ownership successions, partnership transactions and corporate spin-offs.

PINOVA Capital is an independent private equity firm investing in high-growth technology companies in German-speaking regions.

Gilde Healthcare is a specialized healthcare investor with two fund strategies: Venture & Growth and Private Equity. 

The KWM team included Dr. Michael Roos (Picture), Dr. Tilmann Becker, Dr. Peter Polke, Markus Herz, Dr. Katrin Thoma, Damian Thiele, Hanno Brandt, Simon Brandt (PSL) (all Corporate/M&A), Martin Gliewe (Employment), Markus Hill, Viktoria Rosbach (both Tax), Tilman Siebert (Antitrust/Competition). 

The Ehlers & Partner team was supported by Dr. Christian Rybak and Nicole Schwiegk.

The CMS team included Dr Hendrik Hirsch, Lead Partner, Frankfurt/Main; Maxine Notstain, Senior Associate, Frankfurt/Main, Maximilian Stark, Associate, Frankfurt/Main, all Corporate/M&A; Dr Roland Wiring, Partner, Hamburg; Dr Elisa Fontaine, Senior Associate, Hamburg, both Regulatory, Life Sciences & Healthcare; Dr Malte Grützmacher, Partner, Hamburg; Martin Kilgus, Counsel, Stuttgart;
Christian Schultz, Associate, Hamburg, all TMC; Dr Tobias Polloczek, Partner, Frankfurt/Main; Dr Boris Alles, Counsel, Frankfurt/Main; Steven Washington, Consultant, Berlin, all Labor, Employment & Pensions; Dr Dirk Smielick, Counsel, Cologne, Intellectual Property; Dr Franz Maurer, Senior Associate, Frankfurt/Main; Juliana Kettel, Associate, Frankfurt/Main, both Real Estate & Public; Stefan Lehr, Partner, Frankfurt/Main, Competition & EU.

The Noerr team included Michael Schuhmacher, Torsten Wehrhahn (All Lead, Banking & Finance) Pinar Turkac-Christmann, Maria Bozhenova (Banking & Finance), Andrea Zwarg (Corporate/M&A), Christoph Hons (Real Estate), Andrea Braun (Restructuring & Insolvency), Julian Monschke (Data Protection/Digital Business).

The Shearman & Sterling team included partner Winfried M. Carli and associate Marius Garnatz.

Involved fees earner: Boris Alles – CMS Hasche Sigle; Elisa Fontaine – CMS Hasche Sigle; Malte Grützmacher – CMS Hasche Sigle; Hendrik Hirsch – CMS Hasche Sigle; Juliana Kettel – CMS Hasche Sigle; Martin Kilgus – CMS Hasche Sigle; Stefan Lehr – CMS Hasche Sigle; Franz Maurer – CMS Hasche Sigle; Maxine Notstain – CMS Hasche Sigle; Tobias Polloczeck – CMS Hasche Sigle; Christian Schultz – CMS Hasche Sigle; Dirk Smielick – CMS Hasche Sigle; Maximilian Stark – CMS Hasche Sigle; Roland Wiring – CMS Hasche Sigle; Christian Rybak – Ehlers, Ehlers & Partner; Nicole Schwiegk – Ehlers, Ehlers & Partner; Tilmann Becker – King & Wood Mallesons; Hanno Brandt – King & Wood Mallesons; Simon Brandt – King & Wood Mallesons; Martin Gliewe – King & Wood Mallesons; Markus Herz – King & Wood Mallesons; Markus Hill – King & Wood Mallesons; Peter Polke – King & Wood Mallesons; Michael Roos – King & Wood Mallesons; Viktoria Rosbach – King & Wood Mallesons; Tilman Siebert – King & Wood Mallesons; Damian Thiele – King & Wood Mallesons; Katrin Thoma – King & Wood Mallesons; Andrea Braun – Noerr; Christoph Hons – Noerr; Julian Monschke – Noerr; Michael Schuhmacher – Noerr; Pinar Turkac – Noerr; Torsten Wehrhahn – Noerr; Andrea Zwarg – Noerr; Winfried Carli – Shearman & Sterling; Marius Garnatz – Shearman & Sterling;

Law Firms: CMS Hasche Sigle; Ehlers, Ehlers & Partner; King & Wood Mallesons; Noerr; Shearman & Sterling;

Clients: ECM Equity Capital Management; Gilde Healthcare; Kreissparkasse Biberach GmbH; PINOVA Capital; Regneri Family; Sparkasse Karlsruhe; Volksbank eG – Die Gestalterbank;

Sonia Carcano

Author: Sonia Carcano