Noerr advises shareholders on investment in Frimo by Deutsche Beteiligungs AG

Noerr has advised the managing shareholders of FRIMO Group GmbH (Frimo) on an investment by Deutsche Beteiligungs AG (DBAG) in the company. DBAG and DBAG Fund VI will acquire a majority interest in Frimo in a management buyout. The remaining shares will be held by the company’s management, including the two managing shareholders Hans-Günter Bayer and Rainer Wittkorn. They will reinvest in Frimo and together hold a 20 per cent interest.

The competition authorities still have to approve the transaction.

Frimo is one of the leading global manufacturers of system solutions for manufacturing high-quality plastic components. Its customers largely consist of automotive suppliers and automobile manufacturers. The company group headquarters are in Lotte, North Rhine-Westphalia. It also has locations in Europe, America and Asia. Last year the group achieved sales of €207 million with a workforce of approximately 1,400 employees.

Advisors to shareholders of FRIMO Group GmbH: Noerr LLP

Dr Thorsten Reinhard, Dr Andrea Zwarg (joint lead, Corporate/M&A), Dr Tom Beckerhoff (Finance, all Frankfurt), Dr Sebastian Janka (Antitrust, Munich), Dr Georg Schneider (Munich), Sebastian Voigt (Dresden, both Private Equity)

Associates: Dr Romy Nicole Fleischer (Corporate/M&A, Dresden), Martin Gliewe (Employment, Frankfurt), Julia Kominek (Private Equity, Munich), Dr Dennis Lepczyk (Real Estate), Dr Christian Schützler (Corporate/M&A), Dominik Zweigler (Employment, all Frankfurt)