DLA Piper has advised the funds Perusa Partners Fund 2, L.P. and Perusa Partners Founder 2a, L.P., managed by Perusa, on the acquisition of the majority of shares in Huwest Holding B.V. from its founding shareholders. The parties have agreed not to disclose the purchase price.

Huwest Holding, headquartered in the Netherlands, is the holding company of the Xindao Group. Founded in 1986, the Xindao Group is a leading provider of high-quality advertising gifts with more than 25 years of corporate history and strong business activities in China. Xindao has subsidiaries in eleven countries, covering significant parts of the European and Asian markets.

Perusa GmbH has been advising the Perusa funds since 2007. The Perusa funds, with around 350 million euros of equity, invest in medium-sized companies and group companies in the Western European or Scandinavian territory.

The international DLA Piper team was led by partners Florian Hirschmann (Corporate, Munich) and Casper Hamersma (Corporate, Amsterdam) with senior associates Silvio McMiken (Corporate, Munich) and Philip Jonker (Corporate, Amsterdam) and included associate Tobias Schulz (Corporate, Munich) as well as partners Hélène Bogaard (Employment, Amsterdam), Gerard Kneppers (Finance & Projects, Amsterdam), Stewart Wang (Corporate, Shanghai) and Paul Lee (Finance & Project, Hong Kong).