Leading global law firm Baker McKenzie advised duagon AG and Deutsche Beteiligungs AG (DBAG) on the acquisition of Nuremberg based computers and electronic component producer MEN Holding AG by duagon Group, which is part of the DBAG Fund VII portfolio. The transaction closed on 25 May 2018. The parties agreed not to disclose the purchase price.

Baker McKenzie advised duagon and DBAG on all Swiss legal aspects as well as on all acquisition financing aspects of the transaction. In 2017, Baker McKenzie has already advised DBAG on its investment in duagon Group as well as on its investments in R&M Group and Swiss mageba AG.

Together, duagon Group and MEN Group will form a leading provider of software and hardware solutions for data processing and communication, especially in railways vehicles. While the investment company HQ Equita, MEN’s former majority shareholder, sold all of its shares, the founder Manfred Schmitz retains a stake in the company.

MEN develops and produces computers and electronic components that are fail-safe and durable even under demanding conditions. These components are used for data processing in trains, aircraft, industrial installations and medical devices. MEN employs a workforce of around 300 employees at its headquarters in Nuremberg as well as at locations in France, China and the US.

Stock exchange-listed DBAG invests in well-positioned, mid-sized companies with growth potential in selected sectors. They supports their portfolio companies in implementing sustainable value-creating corporate strategies.

Baker McKenzie advisers to duagon and DBAG:

Lead:

Dr. Alexander Fischer (Partner, Zurich)

Team:

Corporate / M&A: Petra Hanselmann (Partner, Zurich), Dr. Philip Spoerlé (Associate, Zurich)

Banking & Finance: Dr. Philip Spoerlé (Associate, Zurich), Michael Boppart (Trainee Lawyer, Zurich), Dr. Oliver Socher (Partner, Frankfurt), Silke Fritz (Associate, Frankfurt), Astrit Rexhaj (Associate, Frankfurt), Jean-Francois Trapp (Partner, Luxembourg), Alexis Bouvet (Associate, Luxembourg)

Tax: Mario Kumschick (Counsel, Zurich)

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