A cross border team of lawyers from leading global law firm Baker McKenzie advised Dätwyler Group, on the sale of electronic components distributors Distrelec and Nedis to Aurelius, a pan-European investment group. The transaction, which was announced on 23 December 2019, closed on 16 March 2020.
This sale allows Dätwyler, which is listed on the Swiss stock exchange, to focus on the fast-growing, high-margin Sealing business for attractive global markets. The group has become a valued development partner for high-quality, system-critical sealing components in the Health Care and Automotive industries and beyond.
As distributors of electronic components, Distrelec and Nedis generated sales of some CHF 300 million in 2018 with some 850 employees. Distrelec, headquartered in the UK and Switzerland, is a leading B2B distributor of electronic and technical components. Beyond its main markets of Switzerland and Sweden, the Distrelec and Nedis group also has a strong market presence in 15 European countries. Nedis, headquartered in Netherlands, is a wholesaler for electronic products in Netherlands, France and Scandinavia.
Aurelius Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, it has grown from a local turnaround investor to an international multi-asset manager. Aurelius will support the acquired businesses, both financially and operationally, to ensure a seamless transition after the carve-out from Dätwyler Group.
Closing of the transaction consisted of two asset and nine share deals across Europe.
The Baker McKenzie team, made up of lawyers from the Firm’s Germany, Austria, Italy, Poland, UK, Netherlands, Sweden, France and Switzerland offices, was led by Alexander Fischer (Partner) and senior associates Philippine Dalla Corte, Matthias Trautmann and Michael Zeller as well as Andreas Becker and Estelle Mathis. Baker McKenzie was supported by Ellex Raidla (Estonia and Latvia), Borenius (Finland), Mazanti-Andersen (Denmark) and Simonsen Vogt Wiig (Norway).
The Baker McKenzie team also included Partners David Hart, Alain Sauty de Chalon, Florian Fehres, Anders Fast, Remke Scheepstra, Kim Tan, Sonja Klein, Jochen Meyer-Burow, Thomas Wernicke, Liza Murray, Michael Bartosch, Thomas Gierath, Carl Svernlov, Alexander Wyss, Franz Schenker and Boris Wenger; Counsels Alessandra Fabri, Francesco Florenzano, Michael Kalbfus, Tino Marz; and Associates Pawel Jaros, Christian Reineby, Roderick Beudeker, Ian Gulam, Lynn van den Berg, Willem Jan Treuren, Charlotte van Rhee, Anna Scott, Giuditta Lodesani, Susanne Wagner, Viktoria Ritter, Alice Kuzmina, Maja Uppgren, Armin Assadi, Clara Fercsak and Susanne Liebel-Kotz.