RIW Group Expands: Acquisition of promedi
Deal News | May 08, 2025 | Addleshaw Goddard
Addleshaw Goddard has advised RIW Personalservice GmbH, a subsidiary of the RIW Group, on acquiring the business operations of promedi Personalmanagement GmbH. The acquisition was made out of insolvency via restructuring by transfer. Promedi, based in Cologne, is a personnel service provider specializing in the medical and social sectors. This acquisition occurred immediately following the opening of insolvency proceedings and ensures the continuity of employment for all external employees and the majority of the 17 locations across Germany. This strategic move by RIW aims to offer sustainable reorganization and economic benefits. The transaction was completed in an accelerated timeframe of two weeks, with legal advice provided by Addleshaw Goddard, led by Partner Dr. Hubertus Schröder. Other consulting entities included Deichmann Corporate Finance, Astera Legal, and roles fulfilled by firms such as Seitz and Brinkmann & Partner, providing comprehensive advisory support.
Sectors
- Personnel Services
- Legal Advisory
Geography
- Germany – The headquarters and primary operations of the companies involved, RIW Personalservice GmbH and promedi Personalmanagement GmbH, are based in Germany, highlighting its relevance as the geographical focus of the transaction.
Industry
- Personnel Services – Both RIW Personalservice GmbH and promedi Personalmanagement GmbH operate in the personnel services sector, focusing on recruitment and temporary employment particularly for medical and social professionals.
- Legal Advisory – Addleshaw Goddard and other legal entities provided crucial advisory services facilitating the acquisition, highlighting the importance of legal advisory within M&A transactions.
Financials
- – No specific financial details such as deal price or valuation were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RIW Personalservice GmbH | Bidding Company | Company | A subsidiary of the RIW Group, focuses on temporary employment and recruitment services, headquartered in Cologne. |
| promedi Personalmanagement GmbH | Target Company | Company | A personnel service provider specializing in medical and social professions, facing insolvency, headquartered in Cologne. |
| Addleshaw Goddard | Legal Advisor | Company | Provided legal advisory services for RIW Group in the acquisition process, led by Dr. Hubertus Schröder. |
| Deichmann Corporate Finance | Corporate Finance Advisor | Company | Provided corporate finance advisory to RIW Personalservice GmbH. |
| Astera Legal | Legal Advisor | Company | Provided legal advisory services with a focus on the transaction, represented by T. Buschmann. |
| Seitz | Labour Law Advisor | Company | Advised on labor law aspects of the deal, represented by S. Schwarz. |
| Brinkmann & Partner | Chief Restructuring Officer for Promedi | Company | Sebastian Netzel acted as CRO for promedi to assist with restructuring. |
| VOIGT SALUS | Trustee | Company | Thomas Ellrich served as trustee in the transaction process. |