VR Equitypartner backs Dr Förster

While the three incoming shareholders bought a majority stake in Dr Förster from exiting early-stage investors, the company's management team Björn Witte and Frank Riedel also increased their minority stake.

The new owners plan to improve the company's e-commerce activities and hire additional staff.

Wagner Holding is the investment vehicle of the Wagner and Hares families, who sold their shares in frozen food producer Wagner Tiefkühlprodukte to Nestlé in 2012. Thomas Hübner is a former chairman and managing director at companies such as Carrefour, Metro and McDonalds.

Company
Founded in 1927 and based in Neu-Isenburg, Dr Förster produces natural cosmetics, biological food supplements and over-the-counter medicinal products.

People
Dr Förster – Björn Witte, Judith Kölzer Söding, Frank Riedel (board members).
VR Equitypartner – Christian Futterlieb (managing director).

Advisers
Equity – IMAP M&A Consultants, Peter Koch (M&A); Warth & Klein Grant Thornton, Klaus Schaldt (financial due diligence, tax); HVR Advice, Hans Regenauer (commercial due diligence); Itokala, Ariane Grundmann (commercial due diligence); Michael Roos Rechtsanwaltsgesellschaft, Michael Roos (legal); Schiedermair Rechtsanwälte, Ulf Heil (legal).

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• Topics
• Buyouts
• DACH
• Consumer
• Germany