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

Beteiligungsmanagement Thüringen (bm|t), together with the Thuringian Venture Capital Foundation 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 in January 2025.

With over 80,000 publishers, more than 1,000 affiliated 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. Libreka’s global distribution network includes not only major B2C platforms but also independent bookshops, specialist retailers, library service providers and businesses.

bm|t, based in Erfurt, is a subsidiary of Thüringer Aufbaubank and currently manages twelve investment funds with a total volume of EUR 445 million; it invests in innovative and high-growth companies across all sectors and at all stages of their development.

GRUENDELPARTNER provided legal advice to the lead investor, bm|t, in connection with the exit.

GRUENDELPARTNER’s M&A, Venture Capital and Private Equity practice group is one of the most experienced and largest advisory teams in Central Germany and supports investors and entrepreneurs at all stages of development, particularly in company formation, business development, corporate financing and all exit processes.