PwC Legal advises Afinum on the acquisition of company shares in the Görtz group

April 17, 2014

Frankfurt am Main, April 17, 2014

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided extensive advice to the Afinum group during the acquisition of 40 percent of company shares in Ludwig Görtz GmbH by way of a capital increase. The shares were acquired by AF Eigenkapitalfonds für deutschen Mittelstand GmbH & Co. KG, a holding of the Afinum group. The acquisition is subject to approval by the competent antitrust authorities.

Financial investor Afinum is specialized in acquiring medium-sized companies. Afinum was founded in the year 2000 and is headquartered in Munich. Their current portfolio consists of 11 companies.

Ludwig Görtz GmbH is a shoe retailer, founded almost 140 years ago, with over 170 stores in Germany and Austria.

Advisors of Afinum:


Michael Hüsken, Dr. Stephan Schödel, Dr. Hermann Rock, Jochen Martin

PwC Legal:

Dr. Dirk Stiller, Denis Bacina, Dr. Clemens Maschke (lead management, corporate/M&A), Moritz Gröning, Thilo Renz, Silvia Surlan, Florian Drach, Claire Cheung-ah-Seung (all corporate/M&A), Udo Wisswede, Heike Schulze Brandhoff (both employment law), Peter Holzhäuser (real estate law).

About PwC Legal

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 190 lawyers at 19 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers AG Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work. PwC Legal is a member of the worldwide PwC Legal network, with 2.400 lawyers offering their services is more than 80 countries worldwide.

About PwC

PwC provides industry-specific services in the areas of Assurance, Tax and Advisory. We create the added value for our clients as they expect. More than 184,000 employees located in 157 countries in our international network develop new perspectives and practice-related solutions owing to their ideas, their experience and their expertise In Germany, PwC generates an overall performance of around Euro 1.55 billion at 28 locations with a total of 9,300 employees.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details.


Dr. Dirk Stiller


Tel: +49 69 9585-6279

Moritz Gröning


Tel: +49 30 2636-3410

Udo Wisswede

Employment and immigration law

Tel: +49 89 5790-5466