Oppenhoff advises Hawesko on investment in Baltic Dunker Group

Oppenhoff has advised listed Hawesko Group on the acquisition of a 50% stake in the Baltic Dunker Group. Hawesko is thus intensifying its international business activities by entering the Baltic market.

The Dunker Group, headquartered in Tallinn, Estonia, is one of the leading local distribution companies for wine with subsidiaries in all three Baltic states. It recently recorded an annual turnover of about 80 million euros and employs about 200 people. So far, Dunker has been managed by the shareholders Andres Villomann and Arvo Kask, who each held 50 percent of the shares. The latter is selling his shares to the Hawesko Group and leaving the management.

Hamburg-based Hawesko Holding SE, which is listed on the stock exchanges in Hamburg and Frankfurt, is a leading trading group for high-quality wines, champagnes and spirits and employs around 1,300 people in the retail (Jacques' and Wein & Co.), B2B (e.g. Wein Wolf, Abayan and Grand Cru Select) and e-commerce (e.g. HAWESKO, Vinos and WirWinzer) segments. The investment in the Dunker Group underlines the company's increased commitment to the Eastern European wine sector.

In addition to Till Liebau as lead partner, the Oppenhoff team included Kristin Vogt-Schories (both M&A/Private Equity). Due diligence and advice on local law was provided by TGS Baltic, led by Kadri Kallas.

Oppenhoff regularly advises Hawesko on transactions, recently inter alia on the sale of Ziegler GmbH.

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