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JUVE, 29/11/2022Breathing a sigh of relief at Adler: the company has found a solution with a core group of bondholders

Adler breathes a sigh of relief: The company has found a solution with a core group of bondholders that could secure financing until mid-2025 and avert the threat of insolvency. For this concession, however, the real estate giant is paying the price of tougher conditions for the current bonds and high interest rates for a new loan. […]

According to experts, with a volume of 4.5 billion euros, this is currently the largest restructuring in all of Europe.

Advisors to the Executive Board and Supervisory Board of Adler Real Estate
Berner Fleck Wettich (Düsseldorf): Dr. Christian Nienkemper (Lead), Dr. Carsten Wettich, Prof. Dr. Sabine Otte, Associate: Christina Peters (all Corporate)

To read the full announcement, please click here (in German).

Legal Tribune Online (LTO), 29/11/2022Adler Group reaches agreement with bondholders

The real estate company Adler Group reaches an agreement with creditors on a comprehensive recapitalization and the adjustment of the bond terms. Hengeler Mueller, White & Case and Berner Fleck Wettich are acting as advisors. […]

The Düsseldorf-based law firm Berner Fleck Wettich advised the Executive Board and the Supervisory Board of Adler Real Estate on their obligations under stock corporation law and corporate governance in connection with the transaction.  Leading partner of the four-person team was Dr. Christian Nienkemper. […]

Berner Fleck Wettich for the management board and supervisory board of Adler Real Estate AG:
Dr. Christian Nienkemper (Leading Partner, Corporate | Corporate, Düsseldorf)
Dr. Carsten Wettich (Corporate Law | Corporate, Düsseldorf)
Prof. Dr. Sabine Otte (Corporate | Company Law, Düsseldorf)
Christina Peters (Corporate | Company Law, Düsseldorf)

For the complete report (in German) click here.

JUVE Handbook of Commercial Law Firms 2022/2023Berner Fleck Wettich again included in national ranking for corporate law

The corporate law firm Berner Fleck Wettich is again listed by JUVE Verlag für juristische Information in the JUVE Handbook of Commercial Law Firms 2022/2023 both in the national ranking for corporate law and in the ranking for the West/Düsseldorf region. The JUVE Handbook is considered the most renowned handbook for evaluating corporate law firms in the German legal market.

Comment: The corporate boutique maintains close personal contact with its Mittelstand clients. The corporate boutique maintains close personal contact with its midsize clients and supports them in corporate law, in some cases out of the start-up phase as an outsourced legal department. The team is also in demand for restructuring and longer-term succession solutions. The team’s high reputation is also based on the way it handles stock corporation issues and knows how to represent clients in contentious cases. Its involvement in the litigation of cum-ex transactions further underscores the recognition the small team has gained.

Often recommended: Dr. Thilo Fleck, Dr. Olaf Berner (“first-class advisor”, client), Dr. Carsten Wettich (“convincing with expertise and high service level; quality and speed come together here”, client), Christian Nienkemper

Click here for the complete evaluation.

FOCUS Top Business Law Firm 2022Focus regognizes Berner Fleck Wettich as Top Business Law Firm in Germany for corporate law and for M&A

Berner Fleck Wettich has again been named “Top Commercial Law Firm 2022” by the news magazine Focus in the areas of corporate law and “Mergers & Acquisitions”. This is the result of a survey carried out by the data company FactField GmbH for the news magazine Focus. Berner Fleck Wettich has often been recommended by colleagues and clients.

The Focus top list of commercial law firms is based on the recommendations of experts in a total of 22 specialist areas. These experts are partners of commercial law firms on the one hand and in-house lawyers on the other. For the 2022 survey, a total of app. 10,700 lawyers from commercial law firms and app. 3,100 lawyers in the legal departments of companies (in-house lawyers) were identified.

WirtschaftsWoche TOP Law Firm 2022Berner Fleck Wettich again awarded as TOP Law Firm for Corporate and M&A

In its current issue, WirtschaftsWoche has again named Berner Fleck Wettich as a top law firm for corporate law 2022. At the same time, Dr. Olaf Berner, Dr. Thilo Fleck and Dr. Carsten Wettich have been included in the list of Germany’s most renowned lawyers for corporate law. Dr Olaf Berner has also been included in the list of Germany’s most renowned lawyers for M&A.

For the selection of the best German lawyers in corporate law, the Handelsblatt Research Institute (HRI) asked more than 5,200 lawyers from 288 law firms about their most renowned colleagues in corporate law.

brand eins – The best commercial law firms in Germany 2022Berner Fleck Wettich awarded in the field of corporate law and M&A with highest rating

Berner Fleck Wettich has been awarded the highest rating of four stars (Tier 1) for corporate law and M&A by brand eins as one of the best commercial law firms in Germany 2022.

The list is based on a survey among lawyers (colleagues survey) and in-house lawyers (clients survey) for a total of 24 legal fields.

JUVE, 23/03/2022Otto Group takes over Swiss Medgate

The retail company Otto Group has taken a majority stake in the Swiss provider of digital health services Medgate. Another deal followed on its heels. Immediately after Otto’s entry, Medgate took over BetterDoc, a Cologne-based provider of services in the field of medical quality data analysis. With this move, the retail company is upgrading in the digital health market, where, according to international studies, Germany has a lot of catching up to do. The founders of Medgate and BetterDoc retain a minority stake in Medgate Holding. […]

Advisors to the founders and shareholders of BetterDoc
Berner Fleck Wettich (Düsseldorf): Dr. Thilo Fleck (lead); Associates: Christina Peters, Denis Schütz (all Corporate)
ADKL Abels Decker Kuhfuß & Partner (Düsseldorf): Thomas Jorde, Marc Sarburg (both tax consultancy) – known from the market

To read the full announcement, please click here (in German).

RWS, 22/03/2022Berner Fleck Wettich advises shareholders of BetterDoc on exit to Medgate in the context of Otto Group’s entry into Medgate

The international retail and services group Otto Group has acquired a majority stake in the Swiss Medgate Holding, a provider of digital health services, including telemedical advice. At the same time, Medgate Holding is taking over BetterDoc GmbH, a data analysis service active in the DACH region that helps patients to identify the doctors and clinics best suited to their condition. The founders of Medgate and BetterDoc will remain on board and will hold a minority stake in Medgate Holding in the future. The parties involved have agreed not to disclose the economic terms of the transaction. […]

Berner Fleck Wettich provided comprehensive legal advice to the founders and all other shareholders of BetterDoc on the transaction. .

Click here for the full article (in German).

RWS, 02/09/2021Berner Fleck Wettich advises founder of 12seemeilen.de on sale to France’s Alliance Marine Group

France’s Alliance Marine Group has acquired 12seemeilen.de, a major B2C boating accessories specialist based in Cologne and serving the German market. The acquisition was made on behalf of Intermer, a subsidiary of the French Alliance Marine Group, and its Accastillage Diffusion chain of more than 130 national stores in France, Italy, Spain and Portugal.

Alliance Marine Group, a portfolio company of a private equity fund managed by Weinberg Capital Partners, specializes in the distribution of equipment and spare parts for repair and maintenance in the yachting and merchant marine industries. With 350 employees and a portfolio of more than 500 brands (mechanical parts and fittings), Alliance Marine is the undisputed leader in this sector in France, with sales of nearly €100 million.

The acquisition of 12seemeilen.de gives the Accastillage Diffusion group an important foothold in the German market.

Berner Fleck Wettich comprehensively advised the founders of 12seemeilen.de on the transaction.

Click here for the full article (in German).

RWS, 06/08/2021Berner Fleck Wettich advises EMMA Capital on investment in new formed “Home Furniture Group”

EMMA Capital, EMH and minority shareholders of the Kiveda Group Holding, the parent company of “küchenquelle”, have formed the new “Home Furniture Group” (HFG). The new formed group will target to further disrupt the furniture market by expanding its successful tech enabled direct sales approach from kitchens into adjacent areas of home furniture. EMMA Capital and the existing shareholders see the used mixed reality technology, provided by Island Labs, Berlin as pivotal for implementing the accelerated growth strategy and secure the technology potential for HFG in the long term. With the new strategic Partner, EMMA Capital, on board, HFG is strengthened and well prepared to grow within the European market with its unique sales approach. […]

Berner Fleck Wettich advises EMMA Capital on the transaction.

Click here for the full article (in German).