CMS advises FFG's family owners on putting a merger into effect with DEUTZ
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Frankfurt/M. – The merger of FFG Flensburger Fahrzeugbau Gesellschaft mbH (FFG) with DEUTZ AG has been successfully completed. With the transaction concluded, the families who were the previous owners have transferred all their shares in FFG to DEUTZ AG. In return they will receive a cash component as well as newly issued DEUTZ shares, granting them an interest of up to 29.9 % in the DEUTZ Group.
A CMS team led by Dr Hendrik Hirsch and Dr Hilke Herchen provided comprehensive advice to the FFG family owners on this complex transaction and supported them right through to when it was successfully closed. The advice covered in particular the structuring and negotiation of the transaction, the interest in the listed company DEUTZ AG and matters relating to company law, capital markets law and regulatory issues.
A team from Ehler Ermer & Partner (EEP) provided advice on the links between the transaction and the structural and succession planning of the family owners. EEP provides ongoing support to the four families in relation to succession planning, covering matters of company law, tax law and law on foundations and endowments.
The merger allows FFG and DEUTZ to pool their expertise in the European defence sector. While FFG specialises in the development and manufacture of military land vehicles and specialised vehicles, DEUTZ brings to bear in particular its expertise in the field of powertrain and energy solutions as well as its international service network. The families who previously owned FFG will retain their interest in DEUTZ AG as anchor shareholders and will support the group's strategic development.
