LPA-CGR avocats and SZA advised Mutares on the acquisition of a production site for transmissions from automotive supplier Magna

Paris, 10 january 2023

LPA-CGR avocats and SZA advised Mutares on the acquisition of a production site for transmissions from automotive supplier Magna

LPA-CGR avocats advised, together with German lawfirm SZA Schilling, Zutt & Anschütz, Mutares SE & Co. KGaA (ISIN: DE000A2NB650) on the acquisition of a production site near Bordeaux, which manufactures and assembles full transmissions from automotive supplier Magna. The transaction is expected to be completed in Q1 2023.

Mutares SE & Co. KGaA is a listed private equity holding company with offices in Munich, Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna. The company acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process.

The Bordeaux production site manufactures premium transmissions for the automotive industry, employs 740 people and was expected to generate revenues of around EUR 200 million in 2022.

This acquisition will strengthen the automotive & mobility segment of Mutares and bring deep expertise and capabilities in machining and assembly.

Mutares was advised by LPA-CGR avocats (Partner Michael Samol), together with SZA Schilling, Zutt & Anschütz.

LPA-CGR avocats team was led by Partner Michael Samol (M&A) and included Partner Sandra Hundsdörfer and Marie Janssen-Langenstein (Labour law), Partner Silke Nadolni and Julie Weiss (Real Estate), Partner Frédérique Chaillou and Anne-Sophie Bretecher (Environmental law).

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

SZA Schilling, Zutt & Anschütz: Dr. Martin Kolbinger (Lead, M&A, München), Christoph Lukas (M&A, München), Maximilian Mersch (M&A, Frankfurt), Dr. Thomas Nägele, Dr. Simon Apel, Dr. Jonathan Drescher (Commercial/IT, Mannheim).

Magna was advised by:

Gide: Guillaume Rougier-Brierre (M&A), Bertrand Oldra (Real estate), Morgan Marechal, Lucas Gintz, Arthur Lemaitre, Alison Pereira Martins.

Flichy Grangé: Joël Grangé, Florence Bacquet, Estelle Houser.

Hengeler Müller: Daniel Wiegand, Constantin Wegener.

WFW: Cyrille Gogny-Goubert (Real Estate).

Jones Day (Environmental).