PwC advises Ardex on the majority acquisition of wedi Group
Cologne, 22nd September 2021
A multidisciplinary team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC Germany) has provided comprehensive advice to Ardex Group with respect to the share purchase agreement (SPA) and the legal, financial and tax due diligence for the acquisition of wedi Group which is the largest acquisition in the history of Ardex. With the acquisition of wedi Group, which is the market leader for waterproof shower and construction systems in Europe and North America, the Ardex Group is expanding its systems expertise.
wedi Group, headquartered in Emsdetten, is a leading manufacturer of innovative system solutions for the individual design of bathrooms and wet rooms and for renovation or new construction. The internationally active system provider with production sites in Germany and the USA has more than 500 employees across the group and is active in more than 50 countries.
Ardex is one of the world market leaders in high-quality building chemicals. As a family-owned company, the company has been pursuing a sustainable growth course for over 70 years. Ardex Group has more than 3,900 employees and is present in more than 100 countries on all continents, with almost full coverage in the core market of Europe. With more than ten major brands, Ardex generates total revenues of more than 930 million euros worldwide.
Advisors to Ardex Group:
PwC Legal:
Dr. Roland Hens (Cologne, lead), Dr. Fabian Jenderek (Düsseldorf), Verena Riemer (Cologne), Rebecca Lappeßen, Mathilde Poncelet, Gloria Müller (all Düsseldorf), Filipp Dolzanskij (Cologne; all Corporate/M&A), Dr. Frank Degenhardt (Frankfurt), Patrick Kominiak (Düsseldorf; both Employment Law), Konstantin Esch (Düsseldorf; Pensions), Nils Wolfgang Bings (Düsseldorf), Anna Eberwien (Hamburg; both IP/IT); Philipp Römer (Düsseldorf; Data Protection); Mario Lindner (Frankfurt; Real Estate); Jan Gerd Möller (Düsseldorf; Compliance)
Supported by PwC’s international legal network firms in France (Valérie Fluck, Eléonore Guesnerot, Charlotte Balmer, Céline Henches, Mary Alizon, Mathilde Lissonnet), UK (Georgie Blyth, Amit Unadkat, Rosemary Underwood, Shahneela Wallace) and Switzerland (Benjamin Fehr; Laura Fertitta; Raphael Schwab).
PwC Germany:
Transaction Services:
Roman Wollscheid, Adam Macht, Mustan Inci (all Düsseldorf)
Deals Tax:
Oliver Dörfler, Tobias Bredemeyer (all Düsseldorf)
Supported by PwC’s international network firms in the USA.
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
About PwC Germany:
Our clients face diverse challenges, strive to put new ideas into practice and seek expert advice. They turn to us for comprehensive support and practical solutions that deliver maximum value. Whether for a global player, a family business or a public institution, we leverage all of our assets: experience, industry knowledge, high standards of quality, commitment to innovation and the resources of our expert network in 149 countries. Building a trusting and cooperative relationship with our clients is particularly important to us – the better we know and understand our clients’ needs, the more effectively we can support them.
PwC Germany. More than 15,000 dedicated people at 20 locations. €3.05 billion in turnover. The leading auditing and consulting firm in Germany.
