Rantum Capital finances succession solution in the consumer goods sector
Rantum Capital is using funds from the Rantum Private Debt Fund II to facilitate a company’s succession in form of a management buy-out at a leading German consumer goods company. The company’s two managing directors are using a subordinated loan from Rantum, a senior bank loan, and their own capital to finance the acquisition of the company from the retiring shareholders. The company is now fully owned by the managing directors, who thus make the transition from employees to entrepreneurs.
Dr. Dirk Notheis, Managing Director of Rantum Capital, comments: “True to our motto ‘by entrepreneurs, for entrepreneurs’, our loan enables the previous managing directors of the company to become entrepreneurs themselves. In doing so, we are not only contributing to the successful succession of the company but also enabling new momentum for the benefit of employees and customers. We look forward to a long-term partnership with the two outstanding managing partners.”
Rantum Capital was legally advised by the law firm Kirkland & Ellis (Wolfgang Nardi, Rositsa Nacheva, and Iris Sundermann).