Renzenbrink & Partner advises on the sale of gpi green partners international to Evergreen Garden Care

As part of its corporate expansion, the British Evergreen Garden Care Group has acquired all shares in gpi green partners international GmbH & Co. The transaction also included gpi’s shareholdings in GPL Green Partners Logistics GmbH, a raw materials logistics company, and NFI NorthFertilizerIndustry GmbH & Co KG, a supplier of organic and organic-mineral fertilizer blends.

gpi green partners international, based in Gladbeck, Germany, is one of the leading companies in the production and marketing of fertilizers and plant protection products for hobby gardeners via DIY stores, garden centers and specialist retailers. The company operates as a private label manufacturer for large garden centers and DIY stores and sells products under the three own brands Gärtner’s, Quadro and Extra%.

Evergreen Garden Care was founded in 2017 through the spin-off of the international business of US-based Scott’s Miracle-Gro Company by Exponent Private Equity and is the leading garden care company in Europe and Australasia. The company is already established in the market with the brands Substral, Roundup, Nexa Lotte, Substral Naturen and Substral Celaflor.

The transaction was completed on August 31, 2021 after receiving merger control clearance. Renzenbrink & Partner comprehensively advised the shareholders of gpi green partners international on all (tax) legal aspects of the sale. The team consisted of partners Dr. Dennis Schlottmann (Corporate/M&A) and Marc H. Kotyrba (Tax) as well as senior associate Dr. Alexander Haunschild (Corporate/M&A).