Heuking Kühn Lüer Wojtek advises Odewald KMU on the sale of Langer & Laumann group
June, 2023 - Germany
A Private Equity team from Heuking Kühn Lüer Wojtek advised investment firm Odewald KMU II on its sale of Langer & Laumann group to Norvestor.
In 2018, Odewald KMU II {invested in Langer & Laumann as part of a growth financing and succession plan. During the joint ownership with the founders and other co-shareholders, management and shareholders implemented numerous growth initiatives. This approach served to develop Langer & Laumann into a European market-leading, medium-sized aftermarket service provider focused on repair and maintenance kits for elevators. While increasing sales in the core German-speaking and Benelux markets, the group expanded its activities internationally and drove forward its business in Scandinavia, France, Spain, the Czech Republic, and Poland. In addition to its core business, the company has also systematically expanded to new business areas, including door actuators for machine protection doors and machine guards and positioned itself for future growth by concluding a large number of new partnerships and development projects.
Odewald KMU II Fund has a volume of EUR 200 million and invests in attractive target markets in German-speaking SMEs. It focuses on companies in the areas of “German engineering,” intelligent services, healthcare, and software/IT.
Counsel to Odewald KMU II
Heuking Kühn Lüer Wojtek:
Dr. Pär Johansson (Lead),
Dr. Philipp Jansen,
Anna Elisabeth Schäfer, LL.M. (all Private Equity, Corporate/M&A),
Dr. Verena Hoene, LL.M. (IP, Media & Technology), all Cologne,
Dr. Frederik Wiemer (Antitrust), Hamburg
