FRANZlegal advised the family shareholders of Hüls Group on the termination of the trust and the entry of the new investor and manager Thomas Knecht.
Thomas Knecht is a restructuring specialist and was most recently CEO and CRO of the logistics company Hellmann, which he successfully restructured.
The Hüls Group manufactures furniture and interior finishing materials and is best known for the Hülsta brand, the best-known German manufacturer's furniture brand. In recent years FRANZlegal has supported Hüls Group in the sale of its subsidiaries Rolf Benz, RUF and Parador. Most recently, the majority shareholding in Hüls was held by a dual-use trust company. This trust was terminated as part of the transaction.
The transaction was completed in August 2019.
For FRANZlegal the partners Dr. André Kowalski and Dr. Christoph Neven (both M&A) were involved in the transaction.
Contact: Dr. André Kowalski/Axel Staudt