Renzenbrink & Partner advises IK Partners on the acquisition of STEIN HGS Group

4 January 2022

Renzenbrink & Partner has advised IK Partners (IK Small Cap III Fund) on the acquisition of STEIN HGS Group from the multi-family office Lennertz & Co. and the founder Bodo Stein. Both Lennertz & Co. as well as Bodo Stein will continue to hold a stake in the group by means of a re-investment.

STEIN HGS is a leading B2B e-commerce specialist for barrier technology, municipality, construction site and facility management supplies. The company was established in 1999 by Bodo Stein and is headquartered in Seevetal near Hamburg. Since then, STEIN HGS has evolved to become the leading online retailer in its market segment and serves a broad range of long-standing private and public sector customers. With the support of Lennertz since 2019, STEIN HGS has managed to successfully grow its offering and increase its presence across its key markets.

Through the new partnership with IK, STEIN HGS aims to further expand its e-commerce offering and increase the product range. The Company will continue to be led by the CEO Stephan Otte and his team.

Completion of the transaction is subject to cartel clearance.

Renzenbrink & Partner advises IK Partners on all corporate and tax aspects of the acquisition and the re-investment of the sellers. The team consists of the partners Dr Dennis Schlottmann, Dr Ulf Renzenbrink (both Corporate/Private Equity), Marc H. Kotyrba (Tax) and the associates Dr Alexander Haunschild, Jonas H. Hamm (both Corporate/Private Equity) and Dr Toufic Schilling (Tax).

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