The international law firm Milbank LLP has advised German Equity Partners IV (GEP IV), a fund managed by the private equity firm ECM Equity Capital Management (ECM), on the acquisition of a stake in Albrecht & Dill Cosmetics GmbH (A&D), the leading distributor of exclusive fragrances in Germany, Austria and Switzerland.
A&D distributes an attractive fragrance brand portfolio, based on long-term and exclusive distribution agreements, mainly through selected specialist fragrance retailers. A&D provides access to approx. 1,200 point-of-sales in the DACH region and supports brand manufacturers in the product development, marketing and logistics to position brands most effectively in all relevant sales channels.
ECM is an independent private equity firm located in Frankfurt am Main and manager and advisor to private equity funds. The investment strategy is to acquire equity interests in established and well-positioned mid-size companies in the DACH-region.
A Milbank team led by partner Michael Bernhardt comprehensively advised ECM on the transaction as lead counsel on corporate, finance and tax law.
Advisor to ECM Equity Capital Management: Milbank, Tweed, Hadley & McCloy LLP
Michael Bernhardt (lead), Sebastian Dexheimer, Jörg Neubauer (all Corporate/M&A, Frankfurt), Thomas Ingenhoven, Nikolas Koutsós, Thomas Möller (all Finance, Frankfurt), Matthias Schell, Moritz Philipp, Jörg Schrade (all Tax, Munich)
