Baker McKenzie advises Avedon Capital Partners on the acquisition of Altendorf Group
Baker McKenzie advised Avedon Capital Partners (Avedon) on the acquisition of Altendorf Group. Altendorf Group is the globally leading manufacturer of saws for craft processing of wood, metal and plastics located in Minden, Germany.
The transaction was concluded on October 6, 2017. The parties agreed not to disclose the purchase price.
Baker McKenzie advised Avedon on all aspects of the transaction, including the future involvement of the current management.
"Together with current management, Avedon wants to further diversify the Altendorf Group, get into additional customer segments for the brand and ensure to maintain its role as innovation leader of the industry. We are delighted that we were able to support Avedon on this successful transaction", commented Corporate/M&A partner Dr. Ingo Strauss, who was co-leading the project with Dr. Heiko Gotsche.
Avedon Capital Partners is an investor passionate about supporting outstanding entrepreneurs and management teams of growth companies to realize their ambitions together. With managed assets of more than € 400 million Avedon focuses on niches within four sectors: software and technology, business services, industry & engineering, and consumer products & welfare.
Altendorf Group, headquartered in Minden, looks back at a 110 year history and enjoys global brand awareness. The group’s most important product is the sliding table saw, developed by Wilhelm Altendorf in 1906. The model F 45, also called `The Altendorf´ is perceived around the world as synonym for brand and product. The company employs more than 250 people and has sustained continuous growth in the past years. In 2016 Altendorf Group generated revenues of 40m Euro.
Baker McKenzie regularly advises clients on cross-border transactions and reorganizations. Most recently the team advised the Chinese Nison Group on the acquisition of SieMatic, Materialise on its acquisition of ACTech GmbH, Sulzer AG on the acquisition of the Transcodent Group, Trimble on its acquisition of Müller-Elektronik, Tokheim Service Group on a strategic partnership with Kärcher, SPIE on its acquisition of LÜCK Group, Grünenthal on its acquisition of Adhesys Medical, Flowserve Corporation on the sale of Gestra-Gruppe, ZF Friedrichshafen AG on the sale of Cherry Group, the owners of Fragrance Resources on the sale of its fragrance business to International Flavors & Fragrances, Inc., GFKL on the acquisition of Tesch Group and CORESTATE on its acquisition of Hannover Leasing.
Legal advisor to Avedon: Baker McKenzie
Lead: Corporate/M&A: Dr. Ingo Strauss (partner, Düsseldorf), Dr. Heiko Gotsche (partner, Düsseldorf)
Team: Corporate/M&A: Jana Upschulte (associate, Düsseldorf), Cosima König (associate, Düsseldorf), Lena von Richthofen (senior associate, Düsseldorf), Dr. Tino Marz (associate, Munich)
Tax: Dr. Dr. Norbert Mückl (partner, Munich)
Employment: Dr. Hagen Köckeritz (partner, Frankfurt), Dr. Anna Verena Böhm (counsel, Frankfurt), Agnes Herwig (associate, Frankfurt)
Real Estate: Dr. Daniel Bork (associate, Düsseldorf)
Antitrust: Christian Horstkotte (partner, Düsseldorf), Dr. Anika Schürmann (counsel, Düsseldorf)
IP: Dr. Michael Fammler (partner, Frankfurt), Philip Schmitz (associate, Munich)
IT: Dr. Holger Lutz (partner, Frankfurt), Dr. Tobias Born (associate, Frankfurt)
Financing: Silke Fritz (associate, Frankfurt)
Public Law: Dr. Julia Pfeil (senior associate, Frankfurt)
Further Baker McKenzie offices in Hong Kong, Malaysia, Australia, China, USA, Brazil