Shearman & Sterling advised VTC Industriebeteiligungen GmbH & Co. KG (“VTC Industriebeteiligungen”) on the financing of the acquisition of JK-Holding GmbH (“JK-Holding”).
JK-Holding is the leading global manufacturer of sunbeds and wellness treatment equipment. The company develops, manufactures and distributes professional wellness and healthcare equipment under the brand names "Ergoline," "BeautyAngel," "SunAngel," "Wellsystem" and "Virobuster." With 335 employees, the group generated a turnover of €100 million in 2016 with subsidiaries in France, Great Britain, the Netherlands, Switzerland, Canada and the US.
VTC Industriebeteiligungen is a Munich-based, independent industrial holding company for international, medium-sized companies headquartered in German-speaking countries. The VTC Industriebeteiligungen portfolio companies employ more than 5300 employees and generated a consolidated turnover of around €750 million.