Munich – Munich-based private equity firm Fidelium Partners is set to acquire the steering and transmission pump business of automotive supplier Bosch. The business comprises the development and distribution of steering pumps for passenger cars and commercial vehicles. It also includes transmission pumps, which are found solely in vehicles with internal combustion engines. The investor will take over around 900 employees worldwide and provide a guarantee for continued operation of the German sites. Details of the purchase price were not disclosed.
A CMS team headed by lead partner Dr Michael Wangemann advised Fidelium Partners on all legal aspects of the transaction. In addition to negotiating and concluding the purchase agreement, which has yet to be executed, the advice also included dealing with the special legal aspects of the cross-border context. Fidelium is a longstanding CMS client and regularly relies on the firm’s expertise.
Munich-based Fidelium Partners is a private equity firm with an international outlook. It manages a cash-rich fund backed by a number of German business families. According to the firm’s own figures, long-term fund assets of EUR 103 million are available for acquisitions, follow-on investments, and add-ons.
Dr Michael Wangemann, Lead Partner, Munich
Florian Seelig, Senior Associate, Munich, both Corporate/M&A
Dr Nina Hartmann, Partner, Munich, Labor, Employment & Pensions
Dr Markus Häuser, Partner, Munich, TMC
Dr Andreas Heim, Partner, Munich, Commercial