Shearman & Sterling advised Commerzbank as lender on the financing of the acquisition of STEIN HGS Gruppe by funds advised by IK Partners from multi-family office Lennertz & Co. and founder Bodo Stein. Both of whom will be reinvesting alongside IK.
STEIN HGS Gruppe a leading B2B e-commerce specialist for barrier technology, municipality, construction site and facility management supplies. The company was established in 1999 by Bodo Stein and is headquartered in Seevetal, close to Hamburg. Since then, it has evolved to become the leading online retailer in its market segment and serves a broad range of long-standing private and public sector customers.