GLNS has advised Munich based industrial holding company Armira Beteiligungen in connection with the sale of a majority stake in Scheu-Dental Group from its majority shareholder and managing director Christian Scheu, and others. Third-generation shareholder Scheu will continue to hold a significant stake in the company. The purchase price for the transaction will remain confidential.
Scheu-Dental was formed more than 90 years ago in Iserlohn, Germany, and is a worldwide developer and distributor of products and services for orthodontics, in particular thermoforming technology, 3D printing, and sleep medicine. Armira is an entrepreneurially managed industrial holding company that invests in Mittelstand companies in the German-speaking region.
GLNS acted for Armira with Partner Ludger Schult and Counsel Daniel Epe (both Corporate/M&A), Partner Andreas Scheidle (Tax) as well as Senior Associate Ferdinand Graf von Spreti (M&A). Lubberger Lehment (Munich) supported the GLNS team with Partner Benjamin Koch and Senior Associate Philip Schmitz (both IP/IT).
The sellers were advised, amongst others, by a team of PwC Legal with Nikolaus Schrader and David Hössl.