Orrick advised Swedish private equity firm EQT on the sale of its shares in Germany’s BackWerk Group to Switzerland’s Valora Group. The transaction remains subject to approval from the competition authorities.
EQT is a leading alternative investment firm with approximately €37 billion in capital raised. The firm has portfolio companies in Europe, Asia and the U.S., with total sales of more than €19 billion and 110,000 employees.
Founded in 2001 in Essen, Backwerk Group is a leading convenience food market franchise in Germany with additional locations in Austria, Switzerland, Netherlands, Slovenia and the United Kingdom.
Valora Holding AG is a leading small-scale retailer in the convenience and food service sector with approximately 2,500 branches in Switzerland, Germany, Austria, Luxemburg and France.
EQT was advised by an Orrick team led by Munich-based M&A and Private Equity partner Christoph Brenner, who has previously advised EQT on transactions such as its investment in BackWerk in early 2014.
The Orrick team also included partner Thomas Schmid (M&A and Private Equity, Munich), managing associate Andrea Köhler (M&A and Private Equity, Munich), managing associate Markus Schmid (M&A and Private Equity, Munich), managing associate Verena Schwarz (M&A and Private Equity, Munich), partner Stefan Schultes-Schnitzlein (Tax, Düsseldorf), partner Till Steinvorth (Antitrust, Düsseldorf), partner André Zimmermann (Employment, Düsseldorf), associate Louisa Kallhoff (Employment, Düsseldorf), and counsel Felix Schäfer (Real Estate, Düsseldorf).