Hengeler Mueller advises Balda on sale of the entire operating business
25. September 2015
Balda AG concluded a sale and purchase agreement concerning the sale of its entire operating business for a purchase price of EUR 62.9 m. The buyers are acquiring companies managed by Paragon, Munich. The sale comprises all operational units of the Balda Group, i.e. Balda Medical GmbH & Co. KG, Bad Oeynhausen, Balda C. Brewer, Inc. and Balda Precision, Inc., both in California, USA, as well as Balda Medical Systems SRL, Romania and further assets. All in all, the company receives a gross amount (including profits to be paid out for the past business year) of approximately EUR 66.7 m (before exemptions, taxes and costs). The sale inter alia requires the approval of the shareholders meeting of Balda AG.
Hengeler Mueller is advising Balda on the sale. The Hengeler Mueller team includes partners Stefan Richter (M&A/Corporate, Berlin), Martin Klein (Tax), Nikolaus Vieten (Finance) (both Frankfurt) as well as associates Alexander Bekier and David Huthmacher (both M&A/Corporate, Berlin).