The shareholders of food wholesaler PROHOGA have sold their majority stake to Rieker Investment GmbH. The current owner, the Lauffer family, is retaining a minority interest and will act in an advisory capacity to the company going forward. The parties agreed not to disclose details of the transaction value.

A CMS team led by Dr Maximilian Grub advised the family on all legal aspects of the transaction.

The PROHOGA Group is a food wholesaler with a thriving business serving the hotel and restaurant trade in south-west Germany. It operates two cash & carry markets in Villingen and Hohberg, as well as having its own delivery fleet. The Group has around 200 employees.

Rieker Investment GmbH is part of the Rieker finance group, which is owned by the Rieker family, who are well-known for the shoe brand of the same name. It makes long-term investments in SMEs across a wide range of sectors.

CMS Germany

Dr Maximilian Grub, Lead Partner
Dr Sabina Krispenz, Counsel
Dr Kristina Mack, Senior Associate
Dr Tobias Will, Associate, all Corporate/M&A
Dr Volker Zerr, Partner, Real Estate & Public
Dr Martin Mohr, Counsel
Luise Uhl-Ludäscher, Counsel, both Tax