Nexia Ebner Stolz

The Firm

Ebner Stolz supports ARCUS Capital AG in the acquisition of BitterPower GmbH

  • ARCUS Capi­tal AG acqui­res majo­rity stake in Bit­ter­Po­wer GmbH and its "Bit­ter­Liebe" brand
  • Foun­ders and pre­vious share­hol­ders retain a sig­ni­fi­cant share in the com­pany
  • Ebner Stolz com­pre­hen­si­vely advi­ses ARCUS on finan­cial and tax due dili­gence as well as on tax aspects of the Share Purchase Agree­ment
Stutt­gart, Ger­many, Decem­ber 29, 2020 - The audit and con­sul­ting firm Ebner Stolz has advi­sed the Munich-based invest­ment com­pany ARCUS Capi­tal AG (ARCUS) on the majo­rity take­o­ver of Bit­ter­Po­wer GmbH and its "Bit­ter­Liebe" brand, which stands for modern food sup­p­le­ments con­tai­ning bit­ter sub­stan­ces. Ebner Stolz has com­pre­hen­si­vely advi­sed ARCUS on this tran­sac­tion by means of finan­cial and tax due dili­gence as well as on tax aspects of the Share Purchase Agree­ment.

ARCUS Capi­tal AG is an owner-mana­ged invest­ment com­pany that will sup­port Bit­ter­Po­wer GmbH in the future as an ent­re­p­re­neu­rial part­ner in the areas of stra­tegy deve­lop­ment, finance and poten­tial inter­na­tio­na­liza­tion. For the achie­ve­ment of this pur­pose, ARCUS Capi­tal AG will con­tri­bute its many years of expe­ri­ence in the mana­ge­ment of medium-sized com­pa­nies. Curr­ently, the com­pany port­fo­lio of ARCUS Capi­tal AG con­sists of indu­s­trial, media as well as online com­pa­nies with a total tur­no­ver of appro­xi­ma­tely 300 mil­lion euros.

Bit­ter­Po­wer GmbH, foun­ded in 2018, recor­ded triple-digit growth and sales of almost a value of a dou­ble-digit mil­lion in its third finan­cial year with the "Bit­ter­Liebe" brand. The suc­cess­ful parti­ci­pa­tion in the TV show "Die Höhle der Löwen" (VOX; Ger­man equi­va­lent to the US-show “Shark Tank”) in 2019 has sig­ni­fi­cantly acce­le­ra­ted this deve­lop­ment. The com­pany quickly achie­ved a high level of awa­re­ness and was able to posi­tion its­elf sus­tain­ably in the mar­ket. The com­pany's pro­ducts are available in its own online store, in online retail as well as in more than 4,000 sto­res of various drugs­tore chains throug­hout Ger­many as well as via tele­shop­ping.

Both foun­ders, Andre Sie­rek and Jan Str­at­mann, as well as the pre­vious share­hol­der Judith Wil­liams will remain sub­stan­tially invol­ved in the com­pany after the tran­sac­tion and they will shape the future busi­ness deve­lop­ment toge­ther with ARCUS.

Team Ebner Stolz: Dr. Chri­s­toph Eppin­ger (Part­ner Pro­ject Lead, Finan­cial Due Dili­gence), Felix Fries, Flo­rian Sei­zer (both Finan­cial Due Dili­gence), Alex­an­der Euch­ner (Part­ner Tax Due Dili­gence, Tax Advise on Share Purchase Agree­ment), And­reas For­rai (Tax Due Dili­gence).

Press con­tact

Hen­ning Mar­bur­ger
Ebner Stolz
Holz­markt 1
50676 Köln
Tel.  +49 221 20643-628
hen­ning.mar­bur­ger@eb­ner­stolz.de

Cor­po­rate con­tact

Dr. Chri­s­toph Eppin­ger
Ebner Stolz
Kro­nen­straße 30
70174 Stutt­gart
Tel.  +49 711 2049-1409
chri­s­toph.eppin­ger@eb­ner­stolz.de

About Ebner Stolz

Ebner Stolz is one of the lar­gest inde­pen­dent mid-mar­ket audi­ting and con­sul­ting firms in Ger­many and ranks among the top ten in the indu­s­try. The com­pany has deca­des of in-depth expe­ri­ence in audi­ting, tax con­sul­ting, legal con­sul­ting and mana­ge­ment con­sul­ting. This broad spec­trum is offe­red by 1,700 emp­loyees in the typi­cal mul­ti­di­s­ci­p­li­nary approach in all major Ger­man cities and busi­ness cen­ters. As a mar­ket lea­der in the SME sec­tor, the com­pany mainly ser­ves medium-sized
indu­s­trial, com­mer­cial and ser­vice enter­pri­ses of all sec­tors and sizes.

Ebner Stolz con­ducts cross-bor­der audit and con­sul­ting enga­ge­ments toge­ther with part­ners from Nexia Inter­na­tio­nal, one of the world's ten lar­gest net­works of con­sul­ting and audi­ting firms. Through Nexia, Ebner Stolz is rep­re­sen­ted in over 120 coun­tries with more than 720 offices.

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