WTS advises HVEG Fashion Group on the acquisition of Sassa Mode Group

DEAL NEWS

Munich, July 25, 2024 - WTS, a global full-service provider of tax advisory services and financial & deal advisory, has advised HVEG Fashion Group ("HVEG" for short), a leading company in the fashion industry, on the acquisition of all shares in Sassa Mode Group on financial and tax matters.

Sassa Mode Group, an internationally successful medium-sized company based in Germany, specializes in women's lingerie and nightwear. This merger marks a milestone in HVEG's growth strategy and strengthens the company's position in the market for women's underwear. In addition, this step offers great growth opportunities and bundles synergies.

The transaction was successfully completed in mid-July and was comprehensively supported by WTS in the tax and financial areas. While the tax team led by Axel Wagner was responsible for preparing the tax due diligence, the tax aspects of the purchase agreement and advising on the structuring of the transaction, the deal advisory team led by Dr. Rainer Doll provided advisory services in the area of financial due diligence and financial SPA advice.

WTS consulting teams

Advisory: 

Dr. Rainer Doll, Partner

Christian Hörmann, Director

Nils Sattler, Manager

Marie Tierhold, Senior Consultant

Tax:

Axel Wagner, Partner

Johannes Hirt, Manager

Maximilian Benkert, Consultant

Sebastian Plötz, Professional

About HVEG Fashion Group

HVEG is a group of internationally active fashion companies specializing in the development, sourcing and distribution of private label fashion for women, men, children, babies, eyewear and accessories. In addition, HVEG is involved in various brand activities, such as MAGIC Bodyfashion, Bamboo Basics, Brams Paris, Maison de Paris and Five2One Eyewear. With employees in the Netherlands, Germany and supporting offices in Bangladesh, China and Hong Kong, HVEG is committed to providing commercial and responsibly produced collections on a daily basis. HVEG's mission is to unburden its customers by developing affordable fashion in a more sustainable way. 

For further information please visit hvegfashiongroup.com

About WTS Advisory AG

WTS Advisory is an independent, innovative solution provider for goal-oriented consulting and active operational support for companies along the entire CFO agenda. This includes solutions ranging from external reporting, optimization of the finance department, governance, risk & compliance issues to M&A and transaction advisory and support for digital transformation on the way to "Next Generation Finance".

WTS Advisory is part of WTS, a global full-service provider for tax advisory services and financial & deal advisory. WTS is represented at 13 locations in Germany and in more than 100 countries worldwide.

The Deal Advisory division of WTS Advisory & WTS offers integrated advice on financial (WTS Advisory) and tax (WTS) aspects along the entire transaction process. The WTS Advisory Deal Advisory team supports corporate transactions, for example in the form of financial due diligence investigations and other buy-side and sell-side services as well as valuation services such as expert and indicative company valuations, purchase price allocations, impairment tests and post-deal implementation. The WTS Transactions Advisory team provides expert advice at every stage of a corporate transaction. Starting with due diligence, through structuring and negotiating the company purchase agreement to post-deal implementation.

Press Contact WTS
Florian Kestler I Celina Halfmann
Friedenstraße 22
81671 München
Telefon: +49 (0)89 286 46-1565 I -1248
florian.kestler@wts.de I celina.halfmann@wts.de