Noerr advises bank consortium on acquisition of Betten Duscher Group by Odewald KMU

Noerr has advised the financing bank consortium on the acquisition of a majority stake in Betten Duscher Group by the investment company Odewald KMU. DZ BANK AG, Bremer Kreditbank AG and BHF-Bank AG belong to the consortium.

Odewald has acquired the company within the scope of a succession arrangement regarding the new fund Odewald KMU II. The vendors are the shareholders of Betten Duscher, a leading manufacturer of bed linen and household textiles from Roding in Bavaria. The shareholders remain linked to the company via a management participation and a continuing interest.

With respect to the transaction financing, the banks relied on a Noerr team led by the Frankfurt partner Dr Tom Beckerhoff, who is a member of the Banking & Finance practice group. The team of more than 20 experts advises banks, insurance companies, pension funds, financial services providers and companies comprehensively on financing transactions. Clients who regularly rely on the expertise of the Noerr Banking & Finance practice group include Deutsche Bank, UniCredit Bank, NordLB, BayernLB, Berenberg, Bayerische Versorgungskammer, Deutsche Postbank, Fresenius Medical Care and INEOS.

Advisors to the bank consortium: Noerr LLP

Dr Tom Beckerhoff (team lead), Hans-Christian Mick, Dr Daniel Müller (all Banking & Finance, Frankfurt)

BHF-Bank AG in-house: Dr Florian Rehm