Lawyers from BASEAK have provided advice, along with Dentons lawyers in Germany and the United States, to Premium Equity Partners and funds it advises on the acquisition of the ic! berlin brillen group. The co-founder and the CEO remain as shareholders. The transaction value is confidential.
Dentons describes ic! berlin as "one of Germany’s best known premium eyewear brands on the international market," and reports that the company, which was established in 1999, "designs, produces and distributes eyeglasses out of metal sheet, acetate, horn as well as 3D-printed polyamide. It is well known for its innovative screwless frames. The eyewear manufacturer currently employs approximately 190 people and distributes its products in more than 60 countries."
According to Dentons, "Premium Equity Partners was established in 2011 to invest in strong niche companies in Germany, Austria, and Switzerland with revenues of EUR 10-50 million. The company invests primarily in expansion financing and ownership succession of family-owned businesses, as well as corporate spin-offs. This is the first transaction of the Premium Midsized Company Fund, which Premium Equity Partners established together with Bankhaus Lampe earlier in 2017."
Frankfurt-based Dentons Partner Robert Bastian led the multi-jurisdictional team advising Premium Equity Partners on corporate, intellectual property, employment and tax aspects of the deal. He was supported by Dentons teams in Frankfurt and New York, by BASEAK - the Istanbul-based law firm which cooperates with Dentons in Turkey - and by Anderson, Mori & Tomutsune in Tokyo.
