Kirkland & Ellis International LLP advised Ranir GmbH, the German subsidiary of Ranir, LLC, in its acquisition of the assets of insolvent Frisetta Kunststoff GmbH, which designs, manufactures and sells toothbrushes and other plastic brushes and products for oral care and body care and for medical and technical applications. The family-owned company opened insolvency proceedings on March 1, 2013. Ranir GmbH acquired the production facilities as a going concern from the insolvency administrator and took over approximately 80 employees at the site in Schönau in the Black Forest, Germany.
The Kirkland team was led by corporate partner Dominik Stühler, and included restructuring partner Dr. Bernd Meyer-Löwy and tax partner Dr. Oded Schein as well as corporate associates Dr. Kai Terstiege and Peer Borries.
About Ranir, LLC
Ranir (www.ranir.com) is a leading global manufacturer of private label consumer oral and personal care products, including power and manual toothbrushes, teeth whiteners, dental floss and flossers, interdental devices, travel accessories and more. Founded in 1979, Grand Rapids, Michigan, USA-based Ranir serves retail customers globally.
About Kirkland & Ellis
Kirkland & Ellis is a 1,600-attorney law firm representing global clients in complex private equity, corporate, restructuring, tax, intellectual property, litigation and dispute resolution/arbitration matters. The Firm has offices in Munich, Chicago, Hong Kong, London, Los Angeles, New York, Palo Alto, San Francisco, Shanghai, and Washington, D.C. The Munich office consists of approximately 35 attorneys who focus primarily on private equity and mergers & acquisitions, restructuring/insolvency, acquisition financing and tax.