Blue Cap AG (XTRA:B7E) concluded an agreement to acquire 71% stake in Hero GmbH on January 29, 2021. Hero GmbH reported sales of around €40 million. Phillip Bentzinger, Chief Executive Officer of Hero, will continue to run the company as Managing Director together with the existing team. The acquisition is subject to the approval of the Federal Cartel Office and is expected to be completed at the end of February 2021 or beginning of March 2021. Joachim Hau, Markus Schnabel, Matthias Gallmetzer, Alexander Euchner and Janine Ostertag of Ebner Stolz Gmbh & Co. Kg acted as the financial and tax due diligence providers to Blue Cap AG.

Blue Cap AG (XTRA:B7E) completed the acquisition of 71% stake in Hero GmbH on February 26, 2021.