Deloitte Legal advises founder of Rohlik Group on strategic investment to rescue organic baby food manufacturer Töpfer

A cross-office team led by Munich partner Eike Fietz (Corporate/M&A) advised Rohlik founder Tomáš Čupr and his family office TCF Capital on the preparation of a strategic investment to rescue Töpfer GmbH, based in the Allgäu region, Germany.

Töpfer is one of the leading manufacturers of organic baby food in Germany and exports to over 30 countries worldwide. Töpfer had run into difficulties as a result of the COVID pandemic and was ordered to commence self-administered insolvency proceedings on 1 July 2024.

Deloitte's legal team, together with the restructuring experts from PLUTA and Grub Brugger and Deloitte Financial Advisory, developed an investment concept that included a capital reduction with subsequent capital increase and broke new ground in several respects. The innovative deal structure provides for TCF Capital, an investment company owned by Tomáš Čupr, founder and CEO of the Rohlik Group, to acquire all of Töpfer's business activities and assets. The transaction enables Töpfer to continue its business operations, in particular the production site in Dietmannsried, and to safeguard approximately 135 jobs. Deloitte will continue to support the project with an interdisciplinary team until completion.

The transaction is expected to close in early autumn 2024, subject to certain closing conditions, including the approval of the relevant antitrust authorities.

Peter Klekner, CEO of TCF Capital, said: "With the Deloitte Legal team and Eike Fietz in particular, we had a partner at our side who was extremely committed, solution-oriented and had an eye for the essential issues. We were able to realise our investment in Töpfer quickly and efficiently and always had the legal issues under control."

Advisors to TCF Capital:
Deloitte Legal: Eike Fietz (Lead, Corporate/M&A, Munich), Torsten Cülter (Restructuring, Hamburg), Theresa Bayer (Employment Law, Munich), Stefan Weste (Employment Law, Berlin)

Published: August 2024