VR Equitypartner backs Dr Neuberger

Founder Tobias Neuberger has retained a majority stake in the company and will remain in his role as CEO.

Neuberger said that it was important to him to find a financial partner that would be willing to take a minority stake and would not over-leverage his business.

VR Equitypartner does not invest from a standard closed-ended fund but has approximately €500m in equity invested in 100 companies. It says investing from a fixed pool of capital allows it to focus on longer-term value creation and not be constricted by the exit pressure that comes with a fund.

Company
Dr Neuberger was founded in 2010 and is headquartered in Hessen. The company develops and sells decorative cosmetic products like lipstick, nail polish and other accessories. It generates revenues between €5-10m according to a corporate information portal.

People
VR Equitypartner – Martin Völker (CEO).
Dr Neuberger – Tobias Neuberger (founder, CEO).

Advisers
Equity – McDermott Will & Emery, Michael Cziesla, Norman Wasse (legal); Warth & Klein Grant Thornton, Wolfgang Klopsch (financial due diligence); Maconda, Rainer Mayer (commercial due diligence).

Company – Corfina, Axel Bilstein (corporate finance); Curtis Mallet-Prevost Colt & Mosle, Oliver Thum, Kim Rissel (legal).

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