Leading global law firm, Baker McKenzie, has advised Coats Group plc, the world’s leading industrial thread manufacturer, on the acquisition of the Rhenoflex group. 

With a global footprint and manufacturing operations in Vietnam, China, and Germany, Rhenoflex is a leading global producer of reinforcement solutions for the footwear and accessories industries. Rhenoflex’s strategic focus on sustainability and its reputation as a technology leader will further enhance Coats’s portfolio of innovative offerings.

London Corporate Partner Ash Tiwari, who led the deal, commented: "It is a pleasure to have supported the Coats team on this next phase in their strategic growth. This was an exciting deal to have been involved in and our second consecutive M&A transaction for Coats, after advising on their acquisition of the Texon group one month ago. The transaction is also testament to our fantastic cross-practice, cross-border team - and our ability to collaborate across jurisdictions seamlessly.”

Baker McKenzie’s team included Corporate Partner Jakub Lorys (Munich), Senior Associates Alex Gee (London) and Indhu Birdy (London), Associates Jonathan Tham (London) and Eilin Schmidt (Munich), and Trainee Samuel Ashford (London).

Specialist advice was led from London with input from Baker McKenzie’s German offices. Banking advice was provided by Finance Partner Matthias Toeke (Frankfurt) and Associate Kieran Verdano (Frankfurt), with Finance Partner Matt Cox (London) and Associate Chloe Potter (London). Tax advice was provided by Tax Partners Alistair Craig (London) and Thomas Gierath (Munich). Competition Partners Luis Gomez and James Thompson (London) and Associate Zareenah Rasool (London) advised on the merger control and foreign investment aspects of the transaction. Employment advice was provided by Of Counsel Annabel Mackay (London) and Associates Matt Carson (London) and Harriet Jupp (London). IP advice was provided by IP Senior Associate Ash von Schwan (London) and Associate Bryan Poon (London) and trade marks advice was provided by Senior Trade Mark Associate Claire France (London). Commercial contracts advice was provided by Commercial Partners Sue McLean (London) and Florian Tannen (Munich), Counsel Joachim Froehlich (Munich), and Associates Maulik Mittal (London) and Lennart Reicht (Munich). Real estate advice was provided by Real Estate Senior Associate Jack McCaw (London) and Trainee Edmund Lucas (London). Partners Megan Schellinger and David Palumbo provided specialist US and Canadian securities advice.

Lazard acted as financial advisor and KPMG acted as tax advisor to Coats. 

Jones Day acted as legal counsel and Metzler acted as financial advisor to the seller. 
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