Noerr advises Nanogate on sale of core business to US Techniplas Group / 1,600 job saved

Noerr has advised Nanogate SE on the sale of major parts of its core business by way of reorganisation by transfer to the US Techniplas Group. The cross-border deal was coordinated by Noerr as lead counsel under the leadership of Dresden-based partner Marlies Raschke. Headquartered in Germany, Nanogate, a technology company which produces design-oriented, multi-functional components and surfaces and operates several international sites, is on the verge of successfully completing the restructuring concept. Around 1,600 jobs will be saved.

Nanogate filed for insolvency in self-administration (protective shield) proceedings in mid-2020. The insolvency experts Matthias Bayer and Franz J. Abel of the law firm Abel und Kollegen are managing the self-administration as general agents.

The sale to Techniplas was preceded by an intensive international investor process coordinated by the Noerr team. Techniplas, a leading global provider of plastics components which is managed by the international private equity investors Bayside Capital, Amzak Capital Management and The Jordan Company, is acquiring major assets of Nanogate SE and its insolvent subsidiaries Nanogate Management Services GmbH, Nanogate NRW GmbH, Nanogate PD Systems GmbH and Nanogate Neunkirchen GmbH by way of asset deals as well as the investments which belong to the core business and are held by Nanogate SE in non-insolvent subsidiaries (including Nanogate North America LLC, Nanogate heT Engineering GmbH, Nanogate Netherlands B.V., Nanogate Schwäbisch Gmünd GmbH, Nanogate Slovakia s.r.o.) by way of share deals. The proceeds from the transaction will be used entirely to service claims of creditors of Nanogate SE and of the other insolvent group entities within the current self-administration proceedings. Closing of the transaction is subject to various conditions.

Advisors to Nanogate SE:

Self-administration: Matthias Bayer, Franz J. Abel, Lukas Eisenhuth (Abel und Kollegen, St. Ingbert)

Trustee: Günther Staab (Staab & Kollegen)

Noerr Partnerschaftsgesellschaft mbB (Lead Counsel)

Marlies Raschke (team lead, Restructuring, Dresden), Professor Christian Pleister (Private Equity, Berlin/Frankfurt), Dr Uwe Brendler (Private Equity, Dresden), Ethel Nanaeva (Corporate/M&A, Berlin), Dr Alexander Schilling (Finance, Frankfurt), Dr Stephan Schulz (Stock Corporation Law, Hamburg), Dr Stefan Schwab (Employment & Pensions, Berlin), Dr Nikolai Warneke (Finance, Frankfurt), Dr Kathrin Westermann (Antitrust & Competition, Berlin), Dr Markus Zeibig (Real Estate, Dresden)

Associates: Dr Theresa Bachmann (Regulatory, Berlin), Tabea Gutmann (Employment & Pensions, Berlin), Hans Kenschke (Restructuring, Dresden), Dr Fabian Radke (Finance, Frankfurt), Felix Winkler (Restructuring, Dresden), Lena Behrend (Finance, Frankfurt), Lukas Zöllner (Restructuring, Berlin)

Local Counsel:

Austria: CERHA HEMPEL Rechtsanwälte GmbH (Dr Thomas Trettnak)

Netherlands: Houthoff Coöperatief U.A. (Angenita Pex)

Turkey: PEKİN & PEKİN (Elif Tolunay)

Finland: Roschier (Toni Siimes)

USA: Brouse McDowell (Patricia A. Gajda)