News – from GLNS

GLNS advised impact private equity fund Vidia Equity on the acquisition of Best Plastic Management GmbH (BPM), a leading company in plastic recycling. BPM currently processes around 20,000 tons of post-industrial plastic waste per year – with Vidia’s support, this capacity is set to increase to up to 60,000 tons. The expansion will result in significant CO₂ savings and make a substantial contribution to the transition toward a net-zero economy. GLNS provided comprehensive advice to Vidia on this transaction with a team led by Georg Lindner, Dr. Patrick Droese, Dr. Anselm Lenhard, Philip Büchler and Nicholas Schildhauer.

GLNS advises PolymerCycle GmbH, a portfolio company of impact private equity fund Vidia Equity, in connection with the acquisition of a leading plastics recycling and secondary raw materials trading group including PB Solutions GmbH and ATP Service & Consulting GmbH.

GLNS advised VidaPet Group GmbH on the acquisition of NutraPet and NutraSnack (‘NutraPet’), two companies specialising in pet food.

GLNS’ long-standing client Marley Spoon SE (“Marley Spoon”), a leading meal-kit supplier, has announced its delisting from the Australian Securities Exchange (ASX).

Die KUKA AG mit Sitz in Augsburg hat den Geschäftsbereich KUKA Industries GmbH & Co. KG, Obernburg, der roboterbasierte Lösungen integriert, verkauft. Der verkaufte Geschäftsbereich konzentriert sich auf hochindividuelle Automatisierungslösungen und Sondermaschinen für das Schweißen, Schneiden, Gießen und die Laserbearbeitung sowie für die Automatisierung in der Verpackungs-, Lebensmittel- und Zulieferindustrie.

Håndverksgruppen, the largest surface treatment provider in the Nordics​ and majority owned by FSN Capital, has entered the German market with the successful integration of Munich-based Hans Übelacker GmbH & Co. KG.

synaforce, owned by investment firm Afinum, has acquired Munich-based LANx GmbH.

NAMSA has acquired Munich-based CRI - The Clinical Research Institute GmbH, a full-service Contract Research Organization (CRO).

Nagarro SE with its registered seat in Munich, Germany, has announced on 14 April 2023 a share buyback program to acquire treasury shares in a total volume of up to EUR 30 million. Listed and included in the SDAX and TecDAX, Nagarro SE is a leading global IT service provider in the areas of digital product development, digital commerce and customer experience, Big Data and AI services as well as consulting on latest generation ERP and managed services.

Long-standing GLNS client Marley Spoon SE (“Marley Spoon”), a leading meal-kit provider listed on the Australian Securities Exchange ASX, has entered into a business combination agreement (“BCA”) for a DE-SPAC transaction with 468 SPAC II SE (“468 SPAC II”), a Luxembourg-based special purpose acquisition vehicle listed on the Frankfurt Stock Exchange. The BCA is subject to customary closing conditions, including approval by the shareholders of 468 SPAC II.

The conversion of Marley Spoon AG into a European Company (SE) has been completed. With the entry of the new legal form in the company’s commercial register on 13 March 2023, a resolution passed by the shareholders at the annual general meeting in May 2022 was implemented.