ARQIS advises Katjes on its investment in Sugar Daddies

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ARQIS has advised Katjes Fassin GmbH & Co. KG (Katjes Deutschland) on its ten percent stake in the Cologne startup SD Sugar Daddies GmbH.

SD Sugar Daddies GmbH, founded in 2018 by Paul Richrath, Mark Mühürcüoglu, Max Kolvenbach and Christian Düren, has developed into an innovative food startup within a very short time with its product “Cookie Bros. – Keksteig zum Naschen“. The biscuit dough from the refrigerated shelf will be available in more than 1,000 stores throughout Germany from next year. In addition to “Cookie Bros.”, Sugar Daddies also sells “O-Mochi”, an Italian ice cream wrapped in traditional Japanese rice dough, which is already available in around 300 stores throughout Germany.

Katjes Fassin GmbH + Co KG, based in Emmerich on the Lower Rhine, is one of the three largest companies in the German confectionery market with the brands Katjes, WICK Hustenbonbons, Ahoj- Brause and SALLOS. The Katjes brand is regarded as a pioneer and trendsetter in the field of vegetarian fruit gums and liquorice. The company does not use animal gelatine in the manufacture of its products and has changed over its entire Katjes-assortment in Germany to vegetarian. Almost 500 employees work for Katjes Fassin throughout Germany. The legally independent Katjes Fassin GmbH + Co. KG is part of the Katjes Group with its sister companies Katjes International GmbH & Co. KG and Katjesgreenfood GmbH & Co. KG.

ARQIS regularly advises the Katjes Group on transactions. The law firm advised the confectionery manufacturer already in 2014 on the takeover of the dragee-manufacturer Piasten and in 2012 on the acquisition of the confectionery producer Dallmann.

Advisors to Katjes Deutschland

ARQIS Rechtsanwälte (Düsseldorf): Dr. Jörn-Christian Schulze (lead; Corporate/M&A); Associates: Thomas Chwalek, Franziska Korn (both Corporate/M&A), Carina Engelhard (labour law)

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