Baker McKenzie advised Syngroh Capital GmbH ("Syngroh Capital"), the holding company of the Klaus Grohe family, on its investment in the building and branch technology service provider KMLS. In addition to the agreed 35 percent stake in the KMLS Group, the founding shareholders of KMLS and Syngroh Capital agreed on contractual options for a majority acquisition over a period of three years. The parties agreed not to disclose the purchase price or other details of the transaction.
Baker McKenzie advised Syngroh Capital on all legal aspects of the complex acquisition and the shareholder agreement with a team under the lead of Dr. Thomas Gilles.
"The investment in KMLS is Syngroh Capital GmbH's first transaction of. With this transaction we were able to support our client in the further development and internationalization of KMLS' successful business model in order to achieve the next growth phase", comments Baker McKenzie Corporate Partner Dr. Thomas Gilles.
KMLS is a technical service provider specialized in building and branch technology. Founded in 2010, the company currently has over 200 permanent employees and most recently achieved sales of around 20 million euros. The KMLS Group supports large parts of the branch networks of globally active retailers in the fashion and lifestyle industry as well as international DIY chains, well-known drugstore chains and market-leading suppliers in other retail segments.
As a family investment company, Syngroh Capital bundles the entrepreneurial direct investments acquired from the Klaus Grohe family. Syngroh Capital invests in medium-sized companies with convincing product and service ideas that have their headquarters in German-speaking countries and an enterprise value of between 10 and 50 million euros. The focus is on succession solutions, the support of change and internationalization processes as well as the separation of business areas that are not part of the core business.
Baker McKenzie's Corporate / M&A team regularly advises on domestic and international transactions and restructurings. Most recently, Baker McKenzie advised B.C. Jindal Group on takeover of the Treofan Group, Gerresheimer on the acquisition of Sensile Medical, Global Ports Holding Plc on its strategic investment in Dreamlines, Ufenau Capital Partners on the acquisition of the Kruppert Group, the Nison Group on the acquisition of the majority stake of the SieMatic Group, financial investors First State Investments and Hermes Investment Management on the acquisition of the shipping company Scandlines, Mundipharma on the sale of its Limburg production, Rexnord on the acquisition of the CENTA Group and LKQ Corporation on the acquisition of the Stahlgruber Group.
Legal adviser to Syngroh Capital
Corporate/M&A: Dr. Thomas Gilles (Partner, Frankfurt)
Corporate/M&A: Dr. Holger Ellers (Partner, Berlin), Vanessa Fritzsche (Associate, Frankfurt), Kai Schlender (Associate, Frankfurt)
Employment: Dr. Hagen Köckeritz (Partner, Frankfurt)
Commercial: Dr. Johannes Teichmann (Partner, Frankfurt)
Real Estate: Dr. Niklas Wielandt (Senior Associate, Frankfurt)
IP/IT: Nadine Neumeier (Senior Associate, Frankfurt)