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Heisse Kursawe Eversheds advises MCH Management Capital Holding AG on the sale of a professional magazines portfolio to Landwirtschaftsverlag Muenster

  • Germany

    11-05-2015

    Heisse Kursawe Eversheds advised the private equity investor MCH Management Capital Holding AG on the sale of a part of its professional B2B magazines portfolio. Purchaser is Landwirtschaftsverlag Group based in Münster which publishes agricultural magazines and, inter alia, also the popular magazine "Landlust", which has a high circulation in Germany. The transfer is effected by means of a share and asset deal. In addition to selected professional magazines, two national subsidiaries with their respective seats in Austria and Poland also formed part of the sale.

    The magazines sold belonged to the business portfolio and, among others, included the magazine "Lebensmittel Praxis" as well as other professional B2B magazines regarding the topics convenience and business. MCH Management Capital Holding AG had pooled the aforementioned publications in its participation in LPV Media GmbH. The main seat of the sold magazines' editorial and publishing departments is in Neuwied in the German Federal State of Rhineland-Palatinate.

    The parties have now been able to execute the purchase agreement after the German and Austrian cartel authorities gave their approval.

    Advisors of MCH Management Capital Holding AG

    Heisse Kursawe Eversheds: Dr. Matthias Heisse (head of the team), Dr. Oliver Maaß, Dr. Christian Mense (all Corporate, Munich), Dr. Arndt Scheffler (Cartel Law, Munich); Dr. Stefan Diemer (Tax, Munich), Dr. Dirk Monheim (Employment, Munich); Associates: Wolfgang Troidl, Thomas Poschitz (both Corporate, Munich), Judith Hesse (Trade Mark Law, Munich)

    Background:

    The investment company MCH Management Capital Holding AG, which was founded in 2007, provides funds for a management buy-out or buy-in in German mid-sized companies as well as for participation models with group companies (industrial partnerships). Contrary to regular private equity funds, MCH Management Capital Holding AG does not have a regular fund structure but puts together a transaction-specific investor group (in general so-called family offices) for each investment. Current participations encompass Atec Business Information, IIAD Institut für Internationale Architektur Dokumentation, Compact Publishing, B+B Media, Hospitality Medien and Freizeit Verlag. MCH Management Capital Holding AG had acquired the professional magazines which were now sold in 2010.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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