PwC Legal advises Genui on sale of Cherry Group to Argand
Frankfurt, 26th May 2020
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Genui Sechste Beteiligungsgesellschaft mbH, a company held per majority by Genui Fund GmbH & Co. KG (Hamburg), on its (indirect) sale of shares in Cherry Holding GmbH to Argand Partners. PwC Legal took over the legal coordination, the implementation of the vendor legal due diligence with regard to the German parent company and its foreign subsidiaries, the negotiations on the share purchase agreement as well as the implementation of a share buy-back structure. The approval/release by the antitrust authorities and the Federal Ministry of Economics and Energy under the Foreign Trade Act is yet to be delivered.
Cherry GmbH, headquartered in Auerbach/OPf., Germany, is a leading manufacturer of computer input devices with a focus on office, gaming, industry, security, eHealth solutions and switches for mechanical keyboards. Cherry employs about 400 people in production facilities and subsidiaries in Germany and abroad.
GENUI Partners is a Hamburg-based investment company founded by renowned entrepreneurs and investment professionals.
Gerhard Wacker (Lead), Dr. Steffen Schniepp, Dr. Minkus Fischer, Klara Körber, Helena Schoch, Michael Häupler, Karsten Horch, Valentin Khabin, Jasmin Kluike, Christian Heigl (all Corporate / M&A, all Nuremberg and Stuttgart), Denise Bartels, Felix Sebastian Laquai (Medical/regulatory law, Cologne), Carmen Meola, Peter Steinbacher, Stefanie Spatz, Vera Hiller (Employment law, Stuttgart and Frankfurt), Hubertus Kleene, Alexander Aumüller, Philipp Thönnes, Johanna Battmer, (Antitrust law and foreign trade law, Düsseldorf)
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