Hengeler Mueller advises Capvis on sale of Ondal to IK Investment Partners
04. December 2019
The funds Capvis Equity III L.P. and Capvis III Limmat L.P. ("Capvis"), advised by Capvis AG, have agreed to sell their majority stake in Ondal Holding GmbH ("Ondal") to IK Investment Partners. Ondal is a leading developer and manufacturer of pendant systems for use in operating rooms, intensive care units and outpatient facilities.
Capvis acquired a majority stake in Ondal in 2012. Since then, the company’s product platform has successfully expanded thanks to substantial investments. The parties have agreed not to disclose any financial details of the transaction. The closing of the transaction is subject to the approval of the relevant authorities.
Hengeler Mueller advises Capvis on the transaction. The team includes partners Daniel Wiegand (M&A, Munich), Dirk Uwer (Public Law, Düsseldorf) and Christian Hoefs (Employment, Frankfurt), counsel Gunther Wagner (Tax, Munich) as well as associates Johannes Honzen (Frankfurt), Daniel Blagojevic, Niels Christian Schwaiger, Veronika Wimmer (all Munich) (all M&A), Jochen Schnepper (Financing, Frankfurt), Anja Balitzki (Antitrust), Matthias Rothkopf (IP), Carsten Bormann, Friedrich Florian Steinert (both Public Law) (all Düsseldorf) and Katharina Gebhardt (Employment, Frankfurt).