Heuking advises Stock Spirits Group on the acquisition of BORCO-Marken-Import Matthiesen GmbH & Co. KG

July, 2023 - Germany

A team led by Heuking partner Dr. Oliver von Rosenberg, LL.M., has provided comprehensive legal advice to Stock Spirits Group, a portfolio company of CVC Capital Partners Fund VIII, on the acquisition of Hamburg-based Borco-Marken-Import Matthiesen GmbH & Co. KG. The transaction is, inter alia, still subject to the approval of the German and Austrian antitrust authorities.

BORCO-Marken-Import Matthiesen GmbH & Co. KG has been family-owned since its foundation in 1948. Its portfolio covers almost all important spirits segments and is unique in its strength and unity. Borco continues its normal operations and the teams and contact persons for customers and business partners also remain unchanged.

Stock Spirits Group is one of the leading alcohol beverage companies in Central Europe. It offers a broad range of high-quality products, including vodka, vodka-based flavoured liqueurs, rum, brandy, bitters and limoncello, combining 140 years of local and regional heritage with innovation. It offers a portfolio of 70 high quality brands available in over 50 countries worldwide. The group has more than 1,200 employees and operates five production sites.

Strategically, the planned transaction is valuable for both Stock Spirits and BORCO-Marken-Import Matthiesen GmbH & Co. KG, as BORCO will gain access to the distribution channels as well as the product portfolio of Stock Spirits. On the other hand, Stock Spirits secures access to the German market and, among other things, gets the opportunity to include the world-famous "Sierra" tequila brand in its portfolio.

Heuking partner Dr. Oliver von Rosenberg, LL.M., has already worked with CVC Capital Partners on a large number of transactions for 20 years. These included, in particular, the acquisition of a minority stake in DKV Mobility Group, the acquisition of Douglas from Advent, the sale of ista Group to Charterhouse for EUR 2.4 billion, the acquisition of a stake in Evonik Industries for EUR 2.4 billion and the subsequent IPO of Evonik with joint venture partner RAG-Stiftung, the acquisition of Ruhrgas Industries/Elster Group for EUR 1.5 billion and the subsequent sale in a public takeover bid.

Adviser Stock Spirits Group / CVC Capital Partners
Heuking Kühn Lüer Wojtek:
Dr. Oliver von Rosenberg, LL.M.,
Dr. Alexander Jüngst, both Cologne
Further Corporate Partner:
Dr. Katharina Prasuhn, Munich,
Wolfram Meven (alle Corporate/M&A), Düsseldorf

Further Team Members:
Fabian Gaffron,
Simon Pommer (beide Steuerecht),
Dr. Frederik Wiemer (Kartellrecht), all Hamburg,
Christoph Hexel (Arbeitsrecht), Düsseldorf,
Dr. Lutz Keppeler (Datenschutz & Datensicherheit), both Cologne
Judy-Anne Krug, LL.M., (Handels- und Vertriebsrecht),
Michael Neises (Bank- und Finanzrecht), Frankfurt,
Tim Petermann (Commercial Contracts), Hamburg,
Dr. Ruben A. Hofmann (Wettbewerbs- & Werberecht), Cologne

Note: This is a portfolio company of CVC; the mandate arose from the long relationship between CVC and Dr. Oliver von Rosenberg, LL.M..