FRANKFURT – McDermott Will & Emery advised private equity firm VR Equitypartner on the acquisition of a minority stake in a cosmetics company Dr Neuberger Group. Its founder, Dr Tobias Neuberger, remains its majority shareholder and managing director. The transaction is subject to approval by relevant antitrust authorities.
VR Equitypartner, a subsidiary of DZ BANK, is one of the leading equity financers in Germany, Austria and Switzerland. VR Equitypartner’s portfolio currently comprises around 100 investments, particularly in medium-sized family businesses, with an investment volume of EUR 500 million.
The Dr Neuberger Group develops and distributes decorative cosmetic products such as eye shadows, nail polishes, artificial eyelashes and accessories, besides cosmetic sets for adults and children. In addition to its own brands and license business, the Group also distributes trade and distribution brands through its individual companies. The products are sold internationally through food retailers, drugstores, perfumeries, toy shops and online shops. The products are manufactured by certified contract manufacturers in Asia, the USA and Europe.
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