Baker McKenzie has advised MAT Holdings Inc. on the sale of four plants of MAT Foundry Group Ltd. to AEQUITA. AEQUITA, an international industrial group headquartered in Munich, is acquiring Präzisionstechnik Resources Altenburg GmbH (Altenburg), MAT Machining Europe GmbH (Immenhausen), MAT Neunkirchen GmbH (Neunkirchen) and MAT Foundries Europe GmbH (Ueckermünde). The transaction is expected to be completed in the second quarter of 2025, subject to regulatory approvals.
"Our client's four plants are an ideal fit for AEQUITA and the acquisition will enable them to set their course for a successful and competitive future. Thanks to our cross-practice team, we were able to support MAT Holdings in this strategically important transaction," commented Dr. Thomas Gilles, lead partner on the transaction.
MAT Holdings, Inc. is a privately held, globally diversified manufacturing, marketing and distribution company that provides quality products and trusted brands to the hardware and fencing, automotive, and power equipment industries. The Automotive segment is organized into the MAT Foundry Group, which manufactures cast iron parts for automotive and industrial applications, the Friction Group, which supplies friction brake components, and the Suspension Components Group, which supplies suspension components and systems.
AEQUITA is an investment company with a family background founded in 2018. AEQUITA invests in special situations such as corporate spin-offs, succession and restructuring situations in Europe. The business purpose comprises the long-term value development of companies through sales growth, production optimization and other efficiency measures. AEQUITA not only provides capital, but also actively stimulates the further development of companies as an active investor.
Baker McKenzie's German Corporate/M&A practice regularly advises on domestic and international transactions. Most recently, Baker McKenzie advised Sunoco on the acquisition of TanQuid Group, Georg Fischer on the acquisition of VAG Group, AURELIUS on the acquisition of Teijin Automotive Technologies, Centric Software on the acquisition of Contentserv Group, Fagron Group on the acquisition of Euro OTC & Audor Pharma GmbH, Terra One Climate Solutions on the Sale of Battery Energy Storage Systems, Berlin Packaging on the acquisition of RIXIUS AG, Instalco on the investment in FABRI AG, the main shareholder on its exit from Atlantic Hub, AURELIUS on the acquisition of What’s Cooking Savoury Division, UBE Corporation on its acquisition of the Urethane Systems business from LANXESS, Grundfos on the acquisition of Culligan's C&I business and Flipp Operations on joining forces with MEDIA Central to create the world's leading provider of drive-to-store marketing.
Legal advisor to MAT Holdings Inc.:
Baker McKenzie
Lead: Corporate/M&A: Dr. Thomas Gilles (Partner, Frankfurt), Dr. Markus Mörtel (Counsel, Frankfurt)
Team:
Corporate/M&A: Celina Anna Zaim (Senior Associate, Düsseldorf), Nikolas Lazaridis (Associate, Frankfurt), Rouven Reuter (Associate, Frankfurt), Jessica Buchholz (Associate, Frankfurt), Sebastian Ens (Counsel, Frankfurt), Dr. Jan Gutsche (Associate, Düsseldorf)
Banking & Finance: Matthias Töke (Partner, Frankfurt), Saskia Ilzhöfer (Associate, Frankfurt)
Restructuring: Prof. Dr. Artur Swierczok (Counsel, Frankfurt), Joachim Ponseck (Partner, Frankfurt)
Tax: Sonja Klein (Senior Counsel, Frankfurt), Cornelia Hoene (Senior Associate, Frankfurt)
Real Estate: Till Pflug (Associate, Frankfurt)
Public Law: Dr. Andreas Schulz (Counsel, Berlin)
IT: Simone Rieken (Partner, Frankfurt), Patrick Wilkening (Partner, Düsseldorf)
Antitrust: Jan Kresken (Partner, Düsseldorf)
Employment: Dr. Christian Reichel (Partner, Frankfurt), Dr. Sebastian Pfrang (Associate, Frankfurt)
Commercial: Joachim Fröhlich (Counsel, Munich)