CMS advises listed company Mutares on agreement to acquire Magirus from Iveco Group
Munich – Listed private equity firm Mutares SE & Co. KGaA has signed an agreement to acquire Magirus from the Iveco Group. Magirus is one of the world’s leading providers of firefighting equipment. This new platform investment will enable Mutares to strengthen its Goods & Services segment. The transaction is expected to complete no later than January 2025.
A CMS team headed by partner Dr Michael Wangemann advised Mutares on all legal aspects of the acquisition. Mutares regularly relies on the expertise of the CMS team led by Dr Wangemann, including during the recent acquisition of High Precision Components Witten GmbH.
Mutares SE & Co. KGaA is a private equity firm based in Munich. It acquires medium-sized companies in transitional situations and parts of large corporations (carve-outs), with the aim of putting them onto a profitable growth path. Mutares’ revenues currently stand at around EUR 5 billion and are expect to rise to 10 billion by 2028.
Ulm-based Magirus generates annual sales of more than EUR 300 million. The company has around 1,300 employees across locations in Germany, Italy, Austria and France. It offers products and related aftersales services in the firefighting and disaster control field.
CMS Germany
Dr Michael Wangemann, Lead Partner
Viktoria Barthel, Senior Associate
Marielouise Emmer, Senior Associate, all Corporate/M&A
Anna-Lena Löcherbach, Counsel, M&A/Real Estate
Susanne Schwalb, Partner, Dispute Resolution
Stefan Lüft, Partner
Martin Maurer, Senior Associate, both IP
Inhouse Legal at Mutares
Jan Thöle, General Counsel
Inhouse Tax at Mutares
Denis Ahluwalia, Head of Tax
Julia Hellwig, Senior Manager Tax
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