Hogan Lovells advises STEMMER IMAGING AG on the public takeover offer and the agreement of a strategic partnership with MiddleGround Capital

Press releases | 26 November 2024

Under the joint leadership of Frankfurt partners Prof Dr Michael Schlitt and Dr Tim Brandi as well as Munich counsel Dr Sebastian Biller, global law firm Hogan Lovells has advised STEMMER IMAGING AG ("STEMMER IMAGING") in connection with the conclusion of an investment agreement with Ventrifossa BidCo AG and its sole shareholder, each controlled by MiddleGround Capital (together MiddleGround Capital), in relation to a voluntary public takeover offer by MiddleGround Capital and a strategic partnership.

MiddleGround Capital announced on 22 July 2024 that it intends to make an offer to all shareholders of STEMMER IMAGING to acquire their STEMMER IMAGING shares against payment of a cash consideration of EUR 48.00 per STEMMER IMAGING share. This corresponds to a premium of 52% on the closing price of the STEMMER IMAGING share on 19 July 2024.

STEMMER IMAGING is the leading international system house for image processing technology. With its comprehensive expertise, STEMMER IMAGING provides the entire range of image processing services - from value-adding services and the development of subsystems to its own products, based on an extensive commercial range. The company is managed by the two management board members Arne Dehn (CEO) and Uwe Kemm (COO) as well as Michael Bülter (CFO).

Hogan Lovells team for STEMMER IMAGING

Prof Dr Michael Schlitt (Partner, Stock Corporation and Capital Markets), Dr Tim Brandi (Partner) (both Lead), Dr Mike Karl Schmidt (Associate), Simon Kiefer (Associate) (all Corporate M&A, Frankfurt);

Dr Sebastian Biller (Counsel, Lead), Dr Matthias Veicht (Associate) (both Stock Corporation and Capital Markets, Munich);

Dr Tim Joppich (Partner, Employment, Dusseldorf).