The Dr. Oetker Group increased its shareholding in InterNestor GmbH from 49% to 100% with effect from 30 July 2020. WSS Redpoint advised the majority shareholders of InterNestor GmbH on the acquisition by Dr. Oetker.

InterNestor is the European market leader for customisable photo cakes. The Cologne-based company has 80 employees, operates online shops in five countries and produces several thousand personalised cakes every week. In Germany, the company is known under the domain ‘deinetorte.de’.

WSS Redpoint had previously advised InterNestor on the investment by the venture capital providers KSK-Wagniskapital and Kreditanstalt für Wiederaufbau (KfW) and subsequently on the acquisition of a minority stake by Dr. Oetker in 2018.

WSS Redpoint has thus been able to provide legal support to the company from its first financing round through to its successful exit. The lead lawyer for WSS Redpoint was Peter Siedlatzek.