Louis Leitz KG, Stuttgart, Germany, or its partners.Louis Leitz KG is the inventor of the Leitz file and a market leader for organization products under the brand name Leitz in Germany. It had sales figures of around DM 600 million. In addition to activities in Germany, Leitz was also present in France (Centra Group) and was active in a group of companies involved in electronic archiving.
Esselte AB, Stockholm, Sweden
Esselte is involved worldwide in a similar product segment than Leitz and is listed at the Stockholm Stock Exchange. In the meantime, Esselte has been taken over by the Childs Group in an LBO transaction.
Esselte acquired 100% of Louis Leitz KG. This transaction made Esselte the world leader in filing systems.
HSCie advised Louis Leitz KG, that is, its partners, on the sales process, including with regards to valuation, drawing up of the documents relevant to the transaction, the due diligence process and the negotiations.