Sekisui Jushi Corporation (TSE:4212) agreed to acquire an unknown stake in Wemas Topco GmbH from Adviesbeheer Gimv Sustainable Cities 2016 Nv, GERIT Venture Capital GmbH, The Paragon Fund II GmbH & Co. KG, Paragon Partners GmbH and Gimv Germany Holding GmbH for ?39 million on December 8, 2023.As part of the consideration, ?39 million was paid towards common equity 25,548 shares. In related transaction 25,000 shares are to be underwritten in the Capital Increase for ?62 million. The revenue Wemas for the FY22 is ?45 million and EBITDA ?8 million and the total assets were ?104 million and net income loss ?6 million. Alvarez & Marsal Transaction Advisory GmbH acted as financial advisor, Reed Smith Munich acted as legal advisor to both Paragon Partners GmbH and Gimv Germany Holding GmbH. KPMG AG Wirtschaftsprüfungsgesellschaft acted as accountant and William Blair & Company, L.L.C. acted as financial advisor to Paragon Partners GmbH and Gimv Germany Holding GmbH.
Michael Burian and Ocka Stumm of Gleiss Lutz Frankfurt acted as legal advisor to Sekisui Jushi Corporation.