Berlin, 29 June 2011
Raue LLP has advised Berlin-based music technology company Native Instruments GmbH on a restructuring of its shareholder structure through a management and owner’s buy-out. The share purchase from a financial investor was financed by IKB and BayernLB Private Equity. The financing volume has not been disclosed. 

 

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Berlin, 22 June 2011 
Raue LLP has advised the family of renowned curator Harry Szeemann (1933 – 2005) on the sale of his archive to the Los Angeles-based Getty Research Institute. Szeemann was one of the most important curators in the second half of the 20th century, and has put his mark on the international exhibition landscape. He has, inter alia, curated exhibitions like Documenta 5 (1972) as well as two Venice Biennales (1999 and 2001). In a period of over 50 years, Szeemann has assembled an unparalleled archive which documents his work and his correspondence with a wide array of artists. The Getty Research Institute will provide for the accessibility of the archive for the public. 

 

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Berlin, 17 June 2011
Raue LLP has advised private equity fund Paragon Secondary Partners LP on the sale of three portfolio companies to Vision Capital and Rubicon Partners.

The portfolio companies are ABL Technic, the European market leader for paint stripping management in industry facilities, as well as Metallwarenfabrik Gemmingen (MG) and Switzerland-based Swisshaus. MG is a machinery manufacturer with two business units: Gensets, a niche manufacturer of electricity generators, and Motor Components, producing customized pressure castings and stampings for electric motors. Swisshaus is a leading supplier of family homes in Switzerland. The three companies produced combined total revenues of ca. 200 million Euro in 2010. The purchase price remains confidential.

Prof. Dr. Andreas Nelle of Raue LLP had already advised Paragon Partners on the creation of the Paragon Secondary Partners fund, as well as on the purchase of portfolio companies MG and Swisshaus. 

 

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Berlin, 10 June 2011
Raue LLP has advised wooga GmbH, a leading provider of online games available on Facebook, on a round of financing. A number of international venture capital funds (Highland Capital Partners, Tenaya Capital, Baldeton Capital, Holtzbrinck Ventures) have provided the company with funding amounting to USD 24 million to fuel further growth. wooga GmbH aims to become a “strong No. 2” provider of social games after market leader Zynga. The financing round has received extensive international media coverage. Raue LLP attorneys have advised the company since its founding in 2009.  

 

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Berlin, 23 May 2011
Parts of the natural gas markets in the state of Brandenburg are undergoing fundamental changes. GASAG Berliner Gaswerke AG is acquiring strategic shareholdings in Cottbus-based company SpreeGas Gesellschaft für Gasversorgung und Energiedienstleistung mbH, as well as in Havelländische Stadtwerke GmbH (HSW), which is based in Werder/Havel, from VNG Verbundnetz Gas AG. The acquisitions are subject to cartel office approval. As a consequence of the transactions, GASAG will hold the majority of shares in SpreeGas, and through the GASAG subsidiary EMB Energie Mark Brandenburg GmbH more than 90% of the HSW shares. At the same time, VNG will increase its shares in EMB to 25.1%. RAUE LLP advised GASAG and EMB on all legal aspects of the transactions. 

 

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