Hengeler Mueller advises Seifert group on acquisition of further shares in furniture group POCO from Steinhoff group

05. September 2018

A group of companies controlled by Andreas Seifert, which previously held 50 percent of the shares in the POCO furniture group, has acquired additional shares from LiVest, a Steinhoff Group company, and will become the sole controlling majority shareholder. The total purchase price for the shares and certain related properties is around EUR 270 million. The closing of the POCO sale shall bring the German litigation proceedings between the Seifert entities and the Steinhoff group to an end.

Hengeler Mueller has provided comprehensive strategic advice to the Seifert Group over the last two years and on this transaction. The team was led by partner Georg Seyfarth (Corporate/M&A, Duesseldorf) and included partners Daniel Weiß (Restructuring, Frankfurt), Christian Möller (M&A, Duesseldorf) as well as associates Tobias Keller (M&A, Duesseldorf) and Markus Reps (Restructuring, Frankfurt).