Tuesday, 12 May 2020

Orth Kluth advises on majority sale of Klapp Cosmetics to financial investor

The internationally operating Klapp Cosmetics has arranged its long-term company succession and sold a majority share to Mandarin Capital Partners (MCP). The company founder Gerhard Klapp will withdraw from the day-to-day business and move to the advisory board. In the future, the current sole owner intends to concentrate primarily on the worldwide representation of the brand as well as research and development of new products.

Orth Kluth Rechtsanwälte advised the seller during the process. The transaction has already been completed.

Klapp Cosmetics, based in Hessisch Lichtenau not far from Kassel, is a family business with a 40-year tradition and an established institution in the beauty market. The company stands for high-quality skin care and great research and development competence. More than 35,000 cosmetic institutes and premium hotels in over 60 countries worldwide rely on Klapp Cosmetics. The Klapp Group employs 200 people in Germany alone.

MCP was founded in 2007 as an independent financial partner for European SMEs looking for growth capital and an international network to improve their expansion opportunities in international markets - especially in Asia. Behind MCP are international and German institutional investors (pension funds, banks, family offices and insurance companies) such as HQ Capital, the Italian bank Intesa Sanpaolo, the Liechtenstein bank LGT, HarbourVest Partners and others.

Advisory Orth Kluth lawyers:
Dr. Marc Henze (M&A/Lead Management)
Boris Körner (M&A)
Katrin Ludwig (M&A)
Carolin Bergermann (Real Estate Law)
Dr. Michael Sitsen, Alexander Falk (Public Law)
Dr. Philip Mels (IP)