Baker McKenzie advised Baader Bank AG on the squeeze-out of the minority shareholders of IKB Deutsche Industriebank AG. The shareholders' meeting of IKB Deutsche Industriebank AG approved the squeeze-out request from LSF6 Europe Financial Holdings, a subsidiary of the US financial investor Lonestar.
Baader Bank AG acted as the processing bank of the major shareholder in the squeeze-out and issued the warranty declaration required pursuant to section 327b para. 3 German Stock Corporation Act (AktG). Baker McKenzie advised on all stock and capital market issues.
"We would like to thank Baader Bank for the excellent cooperation in this particularly important and visible transaction," commented Dr. Christoph Wolf, Corporate Partner at Baker McKenzie.
Baader Bank is one of the leading family-run investment banks in the German-speaking area and has its pillars in market making and investment banking. In the field of market making, Baader Bank has many years of experience in international securities trading and is a specialist in stock exchanges in Germany, Austria and Switzerland with more than 800,000 financial instruments. In investment banking, Baader Bank operates as an independent provider of capital market services as well as expert in the structuring and implementation of debt and equity procurement and securities technology.
IKB Deutsche Industriebank AG supports SMEs in Germany and Europe with loans, risk management, capital market and consulting services. The listing of the IKB Deutsche Industriebank AG share on any German stock exchange was terminated in 2016.
The Corporate/M&A team of Baker McKenzie regularly advises clients on public M&A as well as on cross-border transactions and restructuring. Recent example was advice to Shanghai Electric Group Co. Ltd., Shanghai (China), on its strategic cooperation with Manz AG Group, Xiamen Comfort Science & Technology Group Co. on its voluntary public takeover offer for Medisana AG and Heitkamp & Thumann on the stock and capital market aspects in the context of the takeover of Balda AG's operating business in the bidding competition with the PE investor Paragon and the Italian company group Stevanato. Cross-border transactions entailed for example the advice to MAGNA International Inc on the acquisition of Böddecker & Co. GmbH & Co. KG, ZF Friedrichshafen AG in the sale of the Cherry group, ALBA Group on the entry of a Chinese investor, Deutsche Beteiligungs AG in the minority interests in R&M International GmbH and previously in the interest of mageba AG in Switzerland, Dassault Systèmes on the acquisition of the CST Group, Sulzer on the takeover of the GEKA Group by 3i, Allegion on the acquisition of Trelock, RWE and E .ON for the sale of their shares of Luxembourg-based energy supplier Enovos, HITACHI Koki in the acquisition of Metabo AG and ZF Friedrichshafen AG on the acquisition of the industrial and wind turbine business of Bosch Rexroth AG have to be mentioned.
Legal advisors Baader Bank Aktiengesellschaft:
Lead: Corporate/M&A: Dr. Christoph Wolf (partner, Frankfurt)
Team: Corporate/M&A: Tilman Wink (senior counsel, Frankfurt), Dr. Manuel Lorenz (partner, Frankfurt)