LPA-CGR avocats advised Mutares on a binding offer for the acquisition of Sealynx International from GMD Group

December 2, 2021

LPA-CGR avocats advised Mutares on a binding offer for the acquisition of Sealynx International from GMD Group

Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and the GMD Group have entered into exclusive negotiations for the acquisition of Sealynx International which has production sites in France, Morocco, Romania and a joint-venture in Algeria. Provided that all necessary consents are obtained and consultations completed, in particular the information and consultation process with the staff representatives of Sealynx International, the transaction is expected to close in Q1 2022.

Sealynx International is an important manufacturer and supplier of high-quality car static and dynamic sealings, with a competitive position in the market and an established business relationship with European OEMs. The company generated revenues of approx. EUR 65 million in 2020 and employs over 700 people with recognized know-how.

The combination of Sealynx International together with Mutares’ portfolio SFC Solutions Group will create an important player for automotive sealings in Europe, serving a complementary customer base with a broad product range. The company is headquartered and has production facilities in Charleval (France), and two additional plants at immediate proximity of Tier-1 production sites in Morocco and Romania. Its industrial footprint will be a key lever to the competitiveness of the combined groups.

LPA-CGR’s Franco-German M&A team that advised Mutares was led by Partner Michael Samol and included Maxime Labonne (both Corporate /M&A); Partner Prudence Cadio, Counsel Romain Viret and Olivia Roche (IP/IT); Partner Sandra Hundsdörfer and Marjorie Goislard (Employment law); Partner Stephan Lesage-Mathieu and Loïc Malot-Schönfelder (Commercial); Partner Frédérique Chaillou and Thibault Julia (Environmental); Partner Romain Berthon and Rim Tazi (LPA Casablanca).

Mutares in-house legal and tax team included Angélique Schraud (legal) and Denis Ahluwalia (tax).

GMD Group was advised by FTPA with François-Xavier Beauvisage and Aude Dubois (corporate), Laure Calice (employment law) and Sophie Jouniaux (tax).

To read Mutares’ press release, please click here.