Further Expansion in Germany: Midwich Group Acquires Majority Stake in prodyTel Distribution GmbH
GvW Graf von Westphalen has advised the Midwich Group on its acquisition of a majority stake (combined with an option to become the sole shareholder) of prodyTel Distribution GmbH. Closing of the transaction is subject to merger control clearance from the German Federal Cartel Office.
Based in Stein, Germany, prodyTel Distribution GmbH is a value-add distributor of professional audio and technical solutions. The company has a strong vendor portfolio, including premium brands Biamp, Aver and Jabra, with a particular focus on the corporate and education market.
The Midwich Group is a specialist AV distributor, with operations in the UK and Ireland, EMEA, Asia Pacific and North America. The Midwich Group’s long-standing relationships with over 600 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio-visual categories such as displays, projectors, technical AV, broadcast, professional audio, lighting and unified communications. The Midwich Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets.
The Midwich Group has carried out the acquisition through its subsidiary Kern & Stelly Medientechnik GmbH. GvW has advised the Midwich Group for more than ten years including the acquisition of Kern & Stelly Medientechnik (more), the acquisition of New Media (more), the £165 million initial public offering (IPO) on London Stock Exchange’s Alternative Investment Market (AIM) (more) and the acquisition of the UC business of eLink Distribution AG (more).
Under the lead of Dr Ritesh Rajani (Corporate/M&A; Hamburg), the Midwich Group was advised by a team consisting of Maximilian Andersen (Corporate/M&A; Hamburg), Christian Kusulis and Alexander Rösch (Antitrust; Frankfurt), Dr Malte Evers and Marius Bodenstedt (Employment; Hamburg), Dr Arne Schmidt (Tax; Hamburg), Dr Patrick Wolff (Finance; Hamburg), Dr Christian Triebe and Naomi Akpinar (IP; Hamburg), Sven-Erik Holm (Data Protection; Frankfurt), Christian Ertel (Real Estate; Hamburg) and Johan van der Veer (Insurance; Hamburg)
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