Frankfurt/Main – Private equity firm Deutsche Beteiligungs AG (DBAG) and its DBAG Fund V are exiting their investment in the ProXES Group, a leading provider of process technology to the food industry, by selling their shares to Swiss private equity company Capvis Equity Partners AG and its Capvis Equity Partners IV LP fund. The transaction is currently awaiting approval from the competition authorities. The purchase price was not disclosed.
An international CMS team headed by lead partner Dr Hendrik Hirsch advised Deutsche Beteiligungs AG on all legal aspects of the transaction. CMS previously advised DBAG on the acquisition of Stephan Machinery, part of ProXES, in 2013 and of FrymaKoruma AG in 2014.
ProXES is a leading provider of machinery and process lines primarily for the food industry. The company’s products are used to manufacture and process liquid and semi-liquid foods, cosmetics and pharmaceutical products via a range of methods. The Group has extensive experience of applying its technology, gained from more than 100,000 installations worldwide, along with the relevant systems expertise. Customers served by the Group’s companies include the major global consumer goods manufacturers.
Listed company Deutsche Beteiligungs AG initiates closed-end private equity funds and invests in mid-sized companies with potential for development. It currently holds more than 20 equity interests. It focuses on industrial business models in selected sectors. The company manages and advises on capital totalling around EUR 1.8 billion.
Inhouse at Deutsche Beteiligungs AG
Florian Döring, General Counsel
Dr Hendrik Hirsch, Lead Partner
Katja Pohl, Partner
Dr Holger Pattberg
Dr Anke Lydia Appel
Dr Anke Kötter, all Senior Associates, all Corporate
Marcus Fischer, Counsel, Tax law
Dr Markus M. Pfaff, Partner
Sebastian Bergenthal, Counsel, both Banking & Finance
Dr Tobias Polloczek, Partner
Dr Boris Alles, Senior Associate, both Labor, Employment & Pensions
Stefan Brunnschweiler, Partner
Andrea Ferchl, Associate, both Corporate/M&A
Anna Tomaschek, Associate, Commercial
Simone Brauchbar Birkhäuser, Counsel, Intellectual Property
Christian Delgado, Partner, Corporate
Barbara Veldmaat, Partner
Fleur van Assendelft de Coningh, Associate, both Employment & Pensions