Frankfurt am Main, 11 January 2022
SKYE PARTNERS advised Benner Holding GmbH (“Benner Holding“) on the indirect acquisition of the majority of shares in Thonet GmbH, based in Frankenberg (Eder) (“Thonet“), from the Munich-based financial sponsor Afinum. The parties have agreed not to disclose the details of the transaction.
Benner Holding is a Wiesbaden-based family office that is active in various areas, in particular in e-commerce, shoe retailing, the agricultural and energy sectors as well as in real estate. Originally founded as a company for colonial goods and footwear in 1882, the former shoe house has evolved into a holding company with various growing business areas. Benner Holding is particularly active in the development and operation of online platforms for shoes, clothing and accessories (including Schuhe24 and Sportmarken24).
Thonet has been producing and selling furniture and home accessories for the living and project area for two centuries and is particularly known for its design icons made of bentwood and tubular steel (including cantilever chairs). Founded in 1819 by Michael Thonet, Thonet has repeatedly collaborated with various designers/architects, including Bauhaus-style designs by Mart Stam, Marcel Breuer and Ludwig Mies van der Rohe. Thonet furniture is represented in the most important design collections in the world and can be found in the Museum of Modern Art in New York and the Pinakothek der Moderne in Munich, among others.
The Munich-based financial investor Afinum had joined Thonet as a majority shareholder through an investment company in 2013 and had increased its stake again in 2018. Members of the Thonet family currently jointly hold a minority stake.
The SKYE PARTNERS team of legal advisors specialising in M&A and private equity advised Benner Holding for the first time on the legal issues required for the acquisition.
SKYE PARTNERS, Frankfurt a.M.: Christoph Breithaupt, Julia Rosigkeit (gemeinsam Federführung), Lisa Schulte, Lukas Schobert (alle M&A/Private Equity), Dr. Marius Fritzsche, (Pusch Wahlig Workplace Law, Frankfurt – Arbeitsrecht), Bettina Carr-Allinson (BCA-Law, – IP/IT Law), Dr. Christoph Herrmann (Antitrust).
CMS Hasche Sigle, München: Dr. Martin Kuhn, Lucas Stegemann.
Christoph O. Breithaupt – SKYE PARTNERS
Tel: +49 69 9999938-22
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de) is active since February 1, 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and restructuring. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 400 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for generating added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.