Deutsche Beteiligungs AG Acquires Substantial Minority Interest in R&M International GmbH
Baker & McKenzie advised Deutsche Beteiligungs AG (DBAG) and its managed DBAG Expansion Capital Fund (ECF) on its acquisition of a substantial minority interest in R&M International GmbH (parent company of R&M Group), a provider of interior outfitting for ships and marine installations, such as cruise ships, ferries and offshore platforms. The transaction is subject to regulatory approval and is expected to close in late September.
DBAG and its managed ECF will hold approximately a third of the shares The remaining shares remain in the hands of management, which to date is already partially participated.
Baker & McKenzie has advised DBAG to all legal aspects relating to the transaction structure, the acquisition of the minority interest and the conclusion of the shareholders' agreement. Most recently lawyers from Baker & McKenzie also advised DBAG in its interest participation in the AG mageba.
"Once again we were able to support our client with a well tuned international team. A particular point of interest apart from the advice on the acquisition itself lay in the complex configuration of the future interest structure, "comments Dr. Ingo Strauss, corporate partner at Baker & McKenzie.
R&M has a 130-year corporate history. For many decades, the company was known as a services provider of insulation technology for industrial applications. R&M has been operating in marine interior outfitting for more than 55 years. In 2015, the company generated revenue of 122 million euros and employed a staff of some 550. R&M is headquartered in Hamburg. Manufacturing sites are located in Germany (Wismar, Rostock) and China (Kunshan). In addition, it has 13 project offices and service centres worldwide.
Deutsche Beteiligungs AG, a listed private equity company, raises closed-end private equity funds and invests alongside the DBAG funds in well-positioned mid-sized companies with potential for development. DBAG focuses on industrial sectors in which Germany’s ‘Mittelstand’ is particularly strong on an international comparison.
The Baker & McKenzie Corporate/M&A teams advise clients in cross-border transactions and reorganizations on a regular basis. Most recently, e.g., Baker & McKenzie provided advice to GFKL Lowell Group on the acquisition of Tesch collection, Dassault Systèmes on the acquisition of CST Group, Sulzer in the acquisition of GEKA Group from 3i, Allegion when acquiring Trelock, RWE and E.ON to sell their holdings on Luxembourg energy provider Enovos HITACHI KOKI on its acquisition of the power tool specialist Metabo AG, Barry-Wehmiller Group on the acquisition of Winkler+Dünnebier GmbH, to ZF Friedrichshafen AG on the acquisition of the industrial and wind turbine business of Bosch Rexroth AG, Groupe Le Duff on the acquisition of Kamps, Telefónica/E-Plus on the sale of yourfone to Drillisch.
Advisors to Deutsche Beteiligungs AG:
Baker & McKenzie Lead: Corporate/M&A: Dr. Ingo Strauss (partner, Düsseldorf), Dr. Heiko Gotsche (partner, Dusseldorf)
Corporate/M&A: Gerald Schumann (partner, Munich), Dr. Holger Ellers (partner, Berlin), Holger Engelkamp, (senior associate, Berlin), Dr. Christoph Dachner (associate, Munich)
Employment/Pensions: Dr. Hagen Köckeritz (partner, Frankfurt), Dr. Verena Böhm (senior associate, Frankfurt), Dr. Lena Kern (associate, Frankfurt),
Tax: Dr. Dr. Norbert Mueckl (partner, Munich)
Real Estate: Dr. Daniel Bork (associate, Dusseldorf)
IP: Dr. Benjamin Koch (partner, Munich), Martina Bannasch (associate, Munich)
Further Baker & McKenzie offices: Luxemburg, China, Hong Kong, Singapore and USA as well as corresponding firms in Norway and Finland.
Inhouse DBAG: Florian Döring, Head Legal