Latham & Watkins Advises Demant on Agreement to Acquire KIND Group

Latham & Watkins LLP has advised Demant, a world-leading hearing healthcare group, on its agreement to acquire KIND Group, one of the world’s leading retailers of hearing aids with around 650 hearing care clinics. The transaction, valued at €700 million on a cash- and debt-free basis, marks Demant’s largest acquisition to date and will significantly expand its global hearing care business footprint to over 4,500 clinics worldwide.

The acquisition is subject to customary conditions and regulatory approvals, with closing expected in the second half of 2025. It supports Demant’s strategy to expand its global position in hearing care, particularly in Germany, one of the world’s largest markets.

The Latham team was led by Frankfurt corporate/M&A partner Otto von Gruben and counsel Jacob Fontaine, with associates Alexander Belk, Ivo Wanwitz, Lennart Werbeck, Lena Hummel, Julian Glaub, and Astrid Preuss. Advice was also provided on corporate/healthcare and life sciences matters by Hamburg partner Christoph Engeler, with associate Henrietta Ditzen; on corporate/IP matters by Frankfurt partner Susan Kempe-Müller, with associates Thies Schmitte and Johannes Huschka; on antitrust matters by Frankfurt partner Max Hauser, with Hamburg partner Jana Dammann de Chapto, and associates Friederike Hammwöhner and Jörn Kramer; on finance matters by associates Anna-Maria Kuckerz and Caroline Bielesch; on real estate matters by counsel Sven Nickel, with associate Marie-Christine Welp; on data privacy matters by counsel Wolf-Tassilo Böhm; on compliance matters by counsel Stefan Bartz; on regulatory matters by counsel Joachim Grittmann; on employment matters by Munich partner Tobias Leder; and on tax matters by Hamburg partner Tobias Klass, with associate Manuela Minsel.