Ashurst advises Raiffeisenlandesbank Oberösterreich on the financing of the acquisition of BitterLiebe Invest GmbH
10 January 2024
10 January 2024
Ashurst has advised Raiffeisenlandesbank Oberösterreich Aktiengesellschaft Zweigniederlassung Süddeutschland on the financing of the acquisition of BitterLiebe Invest GmbH by Vendis Capital.
Raiffeisenlandesbank Oberösterreich AG is a credit institution founded around 1900 and an association of co-operative banks headquartered in Linz, Austria. It is the central institution of the Raiffeisen Banking Group in Upper Austria and the largest of the eight regional central banks in Austria.
BitterLiebe, based in Mannheim, is a direct-to-consumer premium health brand for gastrointestinal supplements in the DACH region. The Mannheim-based company was founded in 2018 by Andre Sierek and Jan Stratmann with the idea of using natural bitters as key ingredients for dietary supplements that meet the increasing consumer demand for gut health and digestive solutions. Since then, BitterLiebe has achieved significant growth through successful product innovation and a multi-channel distribution model.
Vendis Capital is an independent private equity firm focused on building and investing in small to mid-sized branded consumer goods companies in Europe.
The Ashurst team advised under the leadership of partner Anne Grewlich and Sabrina Bremer (co-lead, counsel, both Global Loans). They were supported by counsel Martina Rothe (Corporate) and Susanne Knoch (Tax), associate Sascha Masuch (Global Loans) and transaction lawyers Petra Schott and Ardalan Zargari (both Global Loans, all Frankfurt).
Ashurst's German banking and finance practice advises banks as well as alternative lenders, private equity investors and corporates on domestic and cross-border acquisition, real estate, asset, infrastructure/project financings as well as financial restructurings and corporate lending.