Schoenherr, working alongside global lead counsel Ashurst, has advised Deutsche Private Equity Management III on its acquisition of leaflet printing business Euro-Druckservice from a consortium of three company shareholders. Clifford Chance advised EDS's shareholders on the sale. Financial details of the transaction were not disclosed.
DPE is an independent German investment company based in Munich, specializing in the long-term expansion financing of mid-sized companies in Germany, Austria, and Switzerland. Founded in 2007, DPE has successfully launched three funds managing assets totaling EUR 1.2 billion. The company's investments are mainly in the energy and environmental technology, industrial technologies, and healthcare sectors.
Schoenherr describes EDS, which was founded in 1992 and headquartered in Passau, Germany, as "the leading provider of print marketing solutions for retailers in Central and Eastern Europe, with core competences in the production of advertising material, magazines and journals as well as digital services. The company employs around 1,500 people across Poland, the Czech Republic, Germany, Hungary and Romania, and its turnover reached EUR 275 million in FY2016."
The Schoenherr team advising DPE was led by Vienna-based Partner Markus Piuk, supported by Budapest Partners Zita Albert and Gergely Szaloki, Prague Partner Vladimir Cizek, Warsaw Partner Pawel Halwa, and Bucharest Partners Madalina Neagu, Silvia Opris, and Adriana Radu. Additional Schoenherr team members assisted from the firm's corporate/m&a, real estate, regulatory, and labor & employment practice areas in Romania, the Czech Republic, Poland and Hungary.
Clifford Chance's team was made up of Munich-based Partner Nicole Englisch, Frankfurt-based Counsel Cristina Weidner and Senior Associate Florian Holder, Munich-based Associate Laura Treublein, Frankfurt-based Associate Artur Swierczok, and Dusseldorf Counsel Dmitri Slobodenjuk, along with other unnamed lawyers from Clifford Chance's Luxembourg, Prague, Warsaw, and Bucharest offices.