102 LAWYERMONTHLYMARCH 2023 Warsteiner Acquires a Stake inHye About the Deal GRUB BRUGGER advised beverage start-up Hye on its gaining of the Warsteiner brewery group as a new investor. Warsteiner was advised on the investment by Luther, while Binnewies Henkelmann carried out certification. Founded in Augsburg by Andre Klan and Cathy Hummels, Hye sells ‘flavoured functional water’ that has been enriched with vitamins, minerals and fruit and plant extracts. The startup’s existing investors prior to Warsteiner’s involvement include Little Lunch founders Denis and Daniel Gibisch. The purchase of a minority stake in Hye comes as part of Warsteiner’s continued focus on expansion. Since the private brewery’s founding in 1753, the bulk of its strategy has been centred on acquisitions enhancing its core beer business, but it has also sought out investment opportunities in new business areas. GRUB BRUGGER advised Hye with a team led by partner Hendrik Wolfer. Transaction Interview Legal Advisors on the transaction:
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