Home / Press / CMS advises Jacquet Metal Service S.A. on acquisition...

CMS advises Jacquet Metal Service S.A. on acquisition of distribution companies from SCHMOLZ + BICKENBACH Group

02/04/2015

Cologne – Jacquet Metal Service S.A., a leading distributor of special steel, has acquired certain parts of the distribution activities of SCHMOLZ + BICKENBACH AG, a world-leading company for special steel long products. Jacquet, which is listed on the Euronext exchange in Paris, used two subsidiaries to acquire the units. The transaction comprises six companies located in Germany, Austria, Belgium and the Netherlands. In 2014, they generated sales of around EUR 600 million and EBITDA of around EUR 7 million with some 1,000 employees. The enterprise value of the transferred distribution units is EUR 88.6 million.

With 17 branches and more than 15,000 customers across a number of industrial sectors, the distribution units acquired by Jacquet are leaders in their respective countries for selling long products made of special construction steel. The pro forma sales of the Jacquet Group (on a twelve-month basis) would have been around EUR 1.7 billion in 2014, taking into account the acquisition of the distribution companies.

The transaction is currently awaiting approval from the competition authorities and is also subject to other conditions agreed between the parties. They expect to close the deal in the third quarter of 2015.

An international team from CMS headed by lead partner Dr Hendrik Schindler advised the Jacquet Group on all legal aspects of acquiring the distribution units.

CMS Hasche Sigle

Dr Hendrik Schindler, Lead Partner
Dr Julia Faenger, Lead Due Diligence
Marcus Wuntke
Dr Vera Randel, all M&A, Corporate
Dr Angela Emmert
Dr Johannes Traut, both Employment
Dr Alexander Bissels
Pauline Moritz, both Pensions
Michael Kamps, IT
Gerd Schoenen
Susanne Frenz, both Intellectual Property
Isabel Schreyger
Simonetta Hahn
Stefanie Nagel, all Real Estate
Dr Anne Rausch, Environment, Public Law
Judith Börner, Commercial

CMS Reich-Rohrwig Hainz

Dr Sybille Novak
Mag. Daniel Kocab, both M&A, Corporate

CMS Derks Star Busmann

Roman Tarlavski
Herman van Aerts, both M&A, Corporate

CMS De Backer

Carl Leermakers
Virginie Frémat, both M&A, Corporate

Press Contact
[email protected]

Publication
Press Release Jacquet, 02/04/2015
Download
PDF 104 kB

Related people

Hendrik Schindler
Dr. Hendrik Schindler
Partner
Cologne
Julia Faenger
Dr. Julia Faenger, LL.M.
Counsel
Cologne
Angela Emmert
Dr. Angela Emmert
Partner
Cologne
Anne Rausch
Dr. Anne Rausch
Counsel
Cologne
Alexander Bissels
Dr. Alexander Bissels
Partner
Cologne
Michael Kamps
Michael Kamps
Partner
Cologne
Susanne Frenz
Susanne Frenz
Counsel
Cologne
Judith Börner
Judith Börner
Senior Associate
Cologne
Isabel Schreyger
Isabel Schreyger
Partner
Cologne
Gerd Schoenen
Gerd Schoenen
Partner
Cologne
Marcus Wuntke, LL.M. (University of Sydney)
Dr. Johannes Traut
Stefanie Nagel
Pauline Moritz
Simonetta Hahn
Simonetta Hahn, LL.M. (Köln/Paris)
Show more Show less