Noerr advises Nidec Corporation on sale of Secop to ESSVP IV

Together with the Italian law firm LMCR, Noerr has advised Nidec Corporation on the sale of the “Secop Compressors” division to ESSVP IV, advised by Orlando Management AG. The transaction involves companies in Germany, Slovakia, the U.S. and China. SECOP is a global provider of specialised compressors for refrigeration and freezer appliances with more than 1,800 employees.

Under the joint lead of Georg Schneider and Christoph Thiermann, the Noerr team not only advised on the sale but also on the complex carve-out of the business division in Germany and Slovakia. Interestingly enough, in 2017 a Noerr team led by Christian Pleister, acting for private equity investor Aurelius, sold Secop to Nidec Corporation, which was one of the largest exits in the corporate history of Aurelius.

Advisor to Nidec Corporation:

Noerr LLP: Georg Schneider, Christoph Thiermann (joint lead, Private Equity, Munich), Robert Korndörfer (Corporate/M&A, Munich), Andreas Butz, Cornelia Kaueroff (both Employment, Düsseldorf), Barbara Kusak (Corporate / M&A, Prague), Elmar Bindl (Tax, Munich), Pavol Rak (Employment), Martin Baraniak (Digital Business, both Bratislava), Wolfgang Wittek (Employment, Hamburg), Nicole Kaps, Daniel Prexler (both Private Equity, Munich), Martin Tupek (Corporate/M&A, Bratislava), Christoph Rieken (IP, Munich)

La Torre Morgese Cesàro Rio: Roberto Rio, Elmar Zwick