Noerr advises banks on the purchase of the Dieter Braun Group by DBAG

Noerr has advised Landesbank Baden-Württemberg (LBBW) and Siemens Bank GmbH on financing an investment by Deutsche Beteiligungs AG (DBAG). In this transaction the DBAG Fund VI advised by DBAG acquired the majority of the shares in the automotive supplier Dieter Braun by way of a buyout. The seller is the private equity firm Seafort Advisors. Besides DBAG, the management will also hold shares in Dieter Braun in future.

The Dieter Braun Group specialise in cable assembly and lighting technology particularly for the automotive industry, with a workforce of some 1,500 and sites in Germany, the Czech Republic, Mexico, China and Ukraine.

Noerr advised the financing banks with a team led by the Frankfurt partner Dr Tom Beckerhoff.

With a team consisting of more than 20 experts, Noerr provides comprehensive advice on financing transactions to banks, insurance companies, pension funds, financial service providers and enterprises. Clients who regularly rely on the expertise of Noerr’s financing practice include Deutsche Bank, DZ Bank, UniCredit Bank, NordLB, BayernLB, Berenberg, Bayerische Versorgungskammer, Deutsche Postbank, Fresenius Medical Care or INEOS.

Advisors to Landesbank Baden-Württemberg (LBBW) and Siemens Bank GmbH: Noerr LLP

Dr Tom Beckerhoff (lead), Dr Nikolai Warneke, Dr Daniel Müller (Associate, all Financing, Frankfurt), Dr Michaela Engel (Tax, Munich)