Luther supports further Group restructuring in the HealthCare segment

The Ottobock Group, with its HealthCare division, is the world market leader in prosthesis manufacturing and is family-owned in the third generation. The company from Lower Saxony employs around 7,000 people worldwide and most recently generated sales of 927 million euros. Two years ago, the Swedish financial investor EQT acquired 20 percent of the HealthCare division of Ottobock SE & Co. KGaA, the first time in 100 years that a non-family shareholder has joined the company.

Following the entry of the new co-shareholder, various restructuring measures have now been implemented. First, the shareholder structure above Ottobock SE & Co. KGaA, which included the change of legal form from a KG to a GmbH and the conclusion of a company agreement. Parallel to and in advance of this process, the group structure was further simplified by various mergers, including two cross-border mergers.

The Ottobock Group has been advised by Luther for many years. Thanks to intensive cooperation with the client and early integration of the responsible commercial register, all measures were successfully implemented despite the demanding time schedule. 2 The two Essen partners Dr Stefan Galla (Head of Corporate / M&A) and Dr Cédric Müller (Head of Restructuring Consulting) were in charge of the project. The restructuring was accompanied by EY for tax purposes.