Oppenhoff advises Argos Wityu on the acquisition of Karl Schmidt bakery group from Odewald KMU

Oppenhoff has comprehensively advised independent pan-European private equity investor Argos Wityu on the acquisition of a majority stake in the regionally market-leading Karl Schmidt group from private equity owner Odewald KMU. The management will retain a minority stake and will continue to lead the company. The transaction is subject to regulatory approvals.

Karl Schmidt group, whose history dates back to 1891, currently operates 73 branches with more than 700 employees in North Rhine-Westphalia and Lower Saxony, which, in addition to classic bakery branches, also include extended catering concepts of various sizes - from smaller cafés to branches with more than 50 seats operated under the name ‘Brothaus’.

Argos Wityu is an independent European private equity group with offices in Amsterdam, Brussels, Frankfurt am Main, Geneva, Luxembourg, Milan and Paris, which supports medium-sized companies in their growth.

The Oppenhoff team, led by Dr Markus Rasner, comprised Till Liebau, Moritz Schmitz, Lisa Zimmermann (all private equity), Dr. Jennifer Zimmermann (corporate), Dr Gunnar Knorr (tax), Dr Wolfgang Kotzur (finance), Marc Alexander Häger, Julia Höyng (real estate), Anja Dombrowsky, Lisa Striegler (employment), Dr Carmen Schneider, Dr Friedrich von Bredow (energy), Dr Carsten Bormann (regulatory/compliance), Dr Jürgen Hartung, Valentino Halim (IT/data protection), Dr Patric Mau (IP) and Dr Simon Spangler (merger control).

Oppenhoff's private equity team has recently advised on numerous mid-market transactions, such as the add-on transactions of Audax platforms StatLab on the acquisition of Waldemar Knittel Glasbearbeitungs GmbH and DISA Global Solutions on the acquisition of SIGNUM Consulting as well as the Family Trust Investor portfolio company Tiefenbach Control Systems GmbH on the acquisition of Erlmann group. The Retail and Consumer Goods sector group at Oppenhoff also regularly advises in the food sector, most recently the owners of Galileo Lebensmittel group on the sale to Dr. August Oetker KG and Hawesko on its investment in Baltic Dunker Group.


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