The Confectionary Specialist Hussel will be acquired at 100 percent by the investor EMERAM Capital Partners. DOUGLAS Holding AG, the current owner of the Hagen (Germany)-based confectionary chain, announced today that a respective sale and purchase agreement was signed on March 6, 2014. The purchase price was not disclosed by the parties. The transaction is subject to approval by Cartel Authorities.
Hussel is market leader in the German confectionary business and operates 219 stores in Germany and Austria as well as 24 further stores in Portugal. The group focuses on city-center locations with high spending power. The Hussel group’s product range comprise the store brand Hussel as well as brands like Lindt, Hachez and Niederegger.
The international law firm Milbank, Tweed, Hadley & McCloy LLP legally advised the current owner of the Hussel group, DOUGLAS Holding AG, on the transaction.
DOUGLAS Holding AG was advised on the transaction by partners Dr. Norbert Rieger (corporate, Munich), Dr. Rolf Fueger (tax, Munich), Dr. Alexander Rinne (competition law, Munich), Special Counsel Dr. Andrea Eggenstein (corporate, Frankfurt) and Special Counsel Dr. Andreas Boos (competition law, Munich) as well as associates Malte Krohn and Dr. Matthias Schell (tax, Munich).
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
