PwC Legal advises majority shareholder on sale­ of Scheu-Dental GmbH to Armira

Transaction advisory services for principal shareholder by PwC Legal/PwC also provided support with an M&A team

Hamburg, October 4th 2019.

The Armira industry holding company has acquired a majority interest in Scheu‑Dental GmbH (Iserlohn, North Rhine-Westphalia). PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) provided comprehensive advisory services to the principal shareholder in Scheu‑Dental GmbH during the transaction process. The deal took the form of a bidding process. PwC Legal assisted the principal shareholder with the negotiation and signing of the share purchase agreement and other extensive associated agreements. An M&A team from PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) provided support for the deal alongside PwC Legal.

The purchase price is subject to a non-disclosure clause agreed by the parties. Completion of the deal is still subject to the usual approvals from the antitrust authorities. The deal should be completed by the end of November 2019.

Scheu-Dental GmbH was founded in 1926 by dentist Rudolf Scheu and has remained a family-owned company ever since. The company manufactures and sells dental equipment and related products and services and also advises in this area, employing over 150 people.

Equipped with an entrepreneurial mindset, Armira is an industrial holding company focusing on direct equity investments in privately-held, medium-sized “Mittelstand” businesses in Germany, Austria and Switzerland. It engages in established, profitable companies typically generating between €50m and €500m in sales. Armira’s partners are entrepreneurs or family offices who invest in the long-term in well established companies and have traditional business values. The Armira group companies currently generate annual sales of over €1.5 bn with over 8,000 employees.

Advisors to Christian Scheu:

PwC Legal:

Dr Nikolaus Schrader (Partner, team lead) – Munich/Hamburg, David Hössl (Senior Manager, team lead), Lars Lübbers (Senior Associate) – Corporate/M&A, Hamburg

Nils Gildhoff (Senior Manager) – antitrust law, Hamburg

Jan-Dierk Schaal (Director), Melanie Wellner (Manager) – IP/IT, Hamburg

Udo Wisswede (Director) – labour law, München

PwC M&A:

Alexander Wenzel (Partner), Viktoria Benning (Senior Associate), Eduard Schmidt (Associate) – Frankfurt am Main

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