Baker & McKenzie advises Xiamen Comfort Science & Technology Group Co., Ltd. on its voluntary public takeover offer to the shareholders of Medisana AG.

Comfort Enterprise (Germany) GmbH, an asset management company, which is directly controlled by Xiamen Comfort Science & Technology Group Co., Ltd., decided on December 18, 2015, to make a cash offer to acquire the shares of Medisana AG, one of Germany's leading consumer healthcare products companies, by means of a voluntary public offering.

Under several share purchase agreements dated December 18, 2015, Comfort Enterprise (Germany) GmbH is entitled to acquire 7,053,241 Medisana shares (approx. a 75.31% stake in Medisana) from a group of major shareholders at an offer price of 2.80 EUR per share.

Baker & McKenzie advises on all legal aspects of the voluntary public offering.

"The acquisition is part of our client's internationalization strategy and is aimed to provide significant benefits to both parties. In this cross-border transaction we were again able to combine our strong China practice with our public M&A practice for the success of our client," comments Dr. Christoph Wolf, corporate partner at Baker & McKenzie.

Xiamen Comfort Science & Technology Group Co., Ltd., is a leading Chinese enterprise in the healthcare industry spanning the full industry value chain including research & development, manufacturing, branding and marketing.

Medisana, together with its subsidiaries, develops, markets, and sells home and mobile healthcare products for health-conscious consumers worldwide. Particularly the areas of connected healthcare products and mobile health are expected to hold significant growth potential for the company. Medisana and Xiamen Comfort Science & Technology Group Co., Ltd. have successfully built a strong and trusting business relationship over the last years.

The Baker & McKenzie Corporate/M&A teams advise clients in cross-border transactions and reorganizations on a regular basis. Most recently, Baker & McKenzie provided advice to Deutsche Beteiligungs AG on its acquisition of mageba AG, HITACHI KOKI on its acquisition of the power tool specialist Metabo AG, Barry-Wehmiller Group on the acquisition of Winkler+Dünnebier GmbH, to ZF Friedrichshafen AG on the acquisition of the industrial and wind turbine business of Bosch Rexroth AG, Groupe Le Duff on the acquisition of Kamps, Telefónica/E-Plus on the sale of yourfone to Drillisch, Flowserve Corporation on the acquisition of the SIHI Group, and Meibah International GmbH on its public takeover of Schumag AG.

Legal Advisors to Comfort Enterprise:

Lead: Corporate: Dr. Christoph Wolf (partner, Frankfurt)

Team: Corporate: Tilman Wink (senior counsel, Frankfurt), Lipei Shi (associate, Frankfurt)