Shearman & Sterling advised Capital Four and Oldenburgische Landesbank (OLB) on the financing of the acquisition of a majority stake in Hauck, a leading European nursery products brand, by Avedon Capital Partners.
Hauck is a fourth generation family business, founded in 1923, that enjoys a very high brand awareness in its markets. The company is headquartered in Sonnefeld (Bavaria) and employs more than 140 employees. It is most renowned for strollers, high chairs, safety seats and adjacent indoor products and operates as one of the largest players in Europe. Hauck products are sold via all major on- and offline retail channels.
Capital Four is a leading asset management firm. The team manages more than €12 billion in sub-investment grade credit funds and managed accounts, primarily across high yield bonds, leveraged oans, bank capital and direct lending assets. The company employs 76 professionals located in Copenhagen with a global institutional client base.
OLB is a modern financial group, which in addition to private and corporate customer business as its core area, offers nationwide tailor-made solutions from a single source for complex financing solutions. It is one of the leading arrangers in the German-speaking LBO market.