Munich – An international CMS team has advised listed company mutares AG of Munich on the acquisition of international equipment manufacturer Balcke-Dürr from SPX Corporation (USA). Balcke-Dürr will be incorporated into mutares’ Engineering & Technology segment. mutares plans further investment in this segment and Balcke-Dürr represents the first stage in the process. The transaction is currently awaiting approval from Germany’s Federal Cartel Office.
A CMS team from Germany, China, Italy, Poland and Hungary headed by lead partner Dr Martin Kolbinger advised mutares AG on the legal aspects of the transaction. This marks the first time that CMS has advised mutares on a cross-border deal.
mutares AG acquires mid-sized companies which are being sold by their previous owners as part of a repositioning strategy and offer potential for operational improvement. By actively engaging via its own teams, mutares aims to help its portfolio companies achieve sustainable long-term growth and thereby deliver a significant increase in value.
Balcke-Dürr manufactures components for boosting energy efficiency and reducing emissions, focusing on the chemical and power generating industries. In 2015, Balcke-Dürr had 650 employees and sales of EUR 142 million. The company has engineering and production sites in Germany, Italy, Poland, China, India and Hungary.
Based in Charlotte, North Carolina (USA), SPX Corporation is a global industrial enterprise with more than 6,000 employees, who generated revenue of USD 1.7 billion in 2015.
CMS Germany
Dr Martin Kolbinger, Lead Partner
Dr Astrid Roesener, Senior Associate
Reimund von der Höh, Associate, all Corporate/M&A
Jesko Nobiling, Partner, Tax
Dr Rolf Hempel, Partner, Competition & EU
Dr Marc Seibold, Partner, Banking & Finance
Dr Martina Hidalgo Dr Claudia Rid, both Partners
Dr Christoph Ceelen, Associate, all Labor & Employment
Peter Endres, Partner
Dr Richard Gräbener, Associate, both Commercial
Stefan Lüft, Partner, IP
Dr Reemt Matthiesen, Partner, Data Protection
Dr Stefan Höß, Partner
Dr Matthias Windorfer, Associate, both Real Estate & Public
Katharina Haidas, Senior Associate, Environmental
Dr Tilman Niedermaier, Counsel, Dispute Resolution
CMS China
Dr Ulrike Glück
Kevin Wang, both Partners
Jie Lin, Senior Associate, all Corporate/M&A
Jeanette Yu, Counsel, Labor & Employment
Emily Xu, Senior Associate, IP
CMS Italy
Paolo Scarduelli, Partner
Lorenz Bocedi, Senior Associate, both Corporate/M&A
Giulia Camilli, Senior Associate, Labor & Employment
CMS Poland
Dariusz Greszta, Partner
Julita Mazurkiewicz
Zuzanna Jurga
Izabela Gebal, all Senior Associates
Mateusz Baszczyk, Lawyer, all Corporate/M&A
Michal Lisawa, Senior Associate, Labor & Employment
Michal Derdak, Senior Associate, Commercial
CMS Hungary
Martin Wodraschke, Partner, Commercial
Szilvia Kabács
Zoltán Poronyi, both Senior Associates, both Corporate/M&A
Agnes Benkő, Associate, Labor & Employment
Khaitan & Co. (India)
Rabindra Jhunjhunwala, Partner
Pranay Bagdi, Senior Associate
mutares AG (In-house)
Jan Thöle, General Counsel
Press Contact
presse@cms-hs.com
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