Noerr advises NORD/LB on financing of corporate takeovers
The law firm Noerr has advised NORD/LB in connection with the financing of two corporate transactions. The deals involved the acquisition by private equity company WHEB Partners’ Growth Fund 2 of all shares in Dolan GmbH and the acquisition by investor Dr Jan Verdenhalven of all the shares in the Kelheim-based company European Carbon Fiber GmbH. The sellers are the Austrian Lenzing Group and Kelheim Fibres GmbH.
Dolan has approximately 100 employees with turnover of around 57 million euro (2014) from the manufacture of specialized acrylic fibres. The fibres are used for textiles, car soft tops, sun shades and in the gardening and furniture sectors. European Carbon specializes in precursor materials for the carbon industry. The company is a joint venture with Kelheim Fibres.
Advisors to NORD/LB Norddeutsche Landesbank, Girozentrale: Noerr LLP
Andreas Naujoks, Dr Karsten Fink (both joint lead, Frankfurt)
Associates: Dr Julia Baldus (Munich), Doreen Pape (Frankfurt, all Finance)