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WKB and Weil, Gotshal & Manges Advise on Sale of Korona Candles

WKB and Weil, Gotshal & Manges Advise on Sale of Korona Candles

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WKB has advised BC Bavarian Candles Expansion GmbH on the acquisition of 100% of the shares in Korona Candles, a private label manufacturers of candles. The sellers – the company's  founder and primary shareholders – were advised by Weil, Gotshal & Manges. The transaction closed on April 26, 2018.

BC Bavarian Candles Expansion GmbH is a German company from the GALA-Kerzen group – one of the portfolio companies of Equistone, a mid-market European private equity manager, which invests mainly in manufacturing companies, consumer goods companies, and business support companies.

According to WKB, “the acquisition of Korona Candles was part of Equistone’s strategy to form a group which will become a global leader in the manufacture of candles and home decor products.”

The WKB team included Partners Jakub Jedrzejak, Ben Davey, and Marcin Smolarek, Counsel Lukasz Czekanski, Senior Associates Adrian Michalak, Klaudia Frątczak–Kospin, and Daria Prygiel, and Associates Daniel Kida, Aleksandra Blach, and Monika Obieglo.

The Weil team included Warsaw Managing Partner Pawel Rymarz, Partner Iwona Her, Counsel Zofia Frydrychowicz, Senior Associate Marek Maciag, and Associates Aleksandra Dobrzynska-Grezel, Marcin Plonka, and Marcin Gruszka.

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