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Schilling, Zutt & Anschütz advises Mutares on the Acquisition of three Exteriors Plants from Magna.

News Press Release Mergers & Acquisitions - 


A Schilling, Zutt & Anschütz team led by partner Dr Martin Kolbinger has advised Mutares SE & Co. KGaA on the acquisition of three exteriors plants from Magna.

Mutares SE & Co. KGaA has signed an agreement to acquire three exteriors plants from Magna. The plants produce plastic components such as bumper and exterior trim, radiator grilles and other trim components for leading OEMs in the premium segment. The closing of the transaction is expected in the third quarter of 2021.

The acquisition comprises three Magna sites in Germany: Obertshausen, Sulzbach and Idar-Oberstein. Obertshausen has two additional satellite sites at Neckarsulm and Klein-Krotzenburg that are also part of the transaction. The three exteriors plants employ around 1,700 employees and generate revenues of approximately EUR 360 million.

Mutares invests in medium-sized companies and carve-outs in turnaround situations. In the financial year 2020, Mutares Group generated a consolidated revenue of more than EUR 1.5 billion and had more than 11,000 employees worldwide. The shares of Mutares SE & Co. KGaA are traded on the Frankfurt Stock Market.

Advisors to Mutares SE & Co. KGaA: SZA Schilling, Zutt & Anschütz
Dr Martin Kolbinger (Lead/Corporate Law/M&A, Munich), Dr Thomas Nägele (IP/IT, Mannheim), Katharina Steinbrück, LL.M. (U.C. Lan) (Labor Law, Frankfurt a. M.), Dr. Christoph Allmendinger, LL.M. (LSE) (Real Estate Law, Frankfurt a.M.), Dr Simon Apel (IP/IT, Mannheim), Maximilian Mersch, LL.M. (Nottingham) (Corporate Law/M&A, Brussels), Dr Jonathan Drescher (IP/IT, Mannheim), Florian Knerr, LL.M. (Virginia) (Real Estate Law, Frankfurt a.M.), Dr Alexander Seyb, Alexander Neumayer (both Corporate Law/M&A, Munich)

Mutares SE & Co. KGaA (internal): Jan Thöle (General Counsel), Denis Ahluwalia (Head of Tax)


SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft mbH
Schilling, Zutt & Anschütz has been one of the most respected German business law firms for almost one century. With approximately 100 lawyers and offices in Frankfurt, Mannheim, Munich, and Brussels, the firm advises national and international clients on complex legal issues arising in business.
 

FILES:
21-05-25_SZA_PressRelease_Magna.pdf 685 KB