Hogan Lovells advises shareholders of Condio GmbH on its sale to WATERLAND

Condio is a manufacturer of functional food ingredients and stabiliser systems based in Werder an der Havel, Germany, and operating in over 50 countries. Stabilisers give food products the desired consistency, stability, and quality, and are particularly indispensable in high-protein, reduced-sugar, and plant-based products.

WATERLAND, a private equity firm originally based in the Netherlands, aims to use this acquisition to expand its market position in Europe, tap into new markets and make targeted investments in production capacity.

Condio’s existing shareholders and managing directors will remain actively involved in the company’s day-to-day operations and will receive a return on their investment as part of the transaction.

Hogan Lovells provided advice to Condio’s shareholders on all legal and tax matters and supported them throughout the transaction.

“During an emotionally draining period, we felt we were in the best of hands with the Hogan Lovells team throughout and received comprehensive, competent, and pleasant advice,” says Henrik Ingenpass, one of the sellers and managing director at Condio.

The Hogan Lovells team was led by Hamburg-based partners Dr. Maximilian Menges and Dr. Jan Philipp Feigen, supported by counsel Dr. Malte Ingwersen and senior associate Hannah Wohlfarth (all Private Equity, Hamburg/Munich), with additional advice from partner Christian Ritz and senior associate Dr. Dennis Cukurov (both Antitrust and Competition, Munich), counsel Dr. Justus Frank (Employment, Dusseldorf), as well as counsel Dr. Falk Loose and senior associate Peter Volkmann (both Tax, Munich).