BHS Verwaltungs AG made a tender offer to acquire 86.05% stake in BHS Tabletop AG (DB:HUL) from Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (DB:MUV2), Deutsche Bank, Private Banking and Investment Banking Investments, proHeq GmbH and others for €41.7 million on March 24, 2017. BHS Verwaltungs will acquire 2.94 million shares at a price of €14.2 in cash for each BHS Tabletop share. The completion is subject to condition under of merger control clearance by the appropriate authorities.

Jan Balssen, Christian Cascante, Nico Holtkamp, Michael Ilter, Markus Martin, Jan Stenger, Sava Kasaliyski and Stefan Mayer of Gleiss Lutz acted as legal advisor to BHS Verwaltungs AG. Wolfgang Grobecker, Tobias Hueck and Philipp Opitz of P+P Pöllath + Partners acted as legal advisor for Münchener Rückversicherungs, Deutsche Bank, Private Banking and Investment Banking Investments and WMF Group, the parent of proHeq in the transaction. Mario Herrmann and Annabell Grupp of Haver & Mailänder acted as advisor to Serafin 13 Verwaltungs GmbH. Duff & Phelps GmbH acted as exclusive financial advisor to the majority shareholders of BHS tabletop, in connection with the sale transaction.