GRUENDELPARTNER advises bm|t on exit: WeDoBooks takes over Zeilenwert and Libreka

In January 2025, Beteiligungsmanagement Thüringen (bm|t) with Stiftung Thüringer Beteiligungskapital and Thüringer Industriebeteiligungs GmbH & Co. KG as well as the other shareholders sold all shares in Zeilenwert GmbH from Thuringia and Libreka GmbH to the Danish company WeDoBooks A/S.

With over 80,000 publishers, more than 1,000 connected retail partners and over 4.5 million e-books, Libreka/Zeilenwert is one of the largest B2B distribution platforms for e-books in the German-speaking world. Libreka offers publishers opportunities to produce and distribute digital content. In addition to large B2C platforms, Libreka's global distribution network also includes independent booksellers, specialised shops, library service providers and companies.

As a subsidiary of Thüringer Aufbaubank, Erfurt-based bm|t currently manages twelve investment funds with a total volume of EUR 445 million and invests in innovative and fast-growing companies from all sectors and in all phases of their business.

GRUENDELPARTNER advised the lead investor bm|t on the legal aspects of the exit.

GRUENDELPARTNER's M&A, Venture Capital, Private Equity practice group is one of the most experienced and best-staffed advisory units in Central Germany and supports investors and entrepreneurs in all phases of development, in particular in company formation, company development, corporate financing and all exit processes.