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CMS advises listed SFS Group on transaction with Hoffmann Group

22/12/2021

Stuttgart – Listed Swiss company SFS Group AG, a world-leading supplier of mechanical fastening systems, precision moulded parts, assemblies and logistics solutions, has signed an agreement to acquire all the shares in Hoffmann SE. The buyer is a subsidiary of SFS Group AG. The acquisition will result in Hoffmann SE, including its subsidiaries, being incorporated into the SFS Group. The Hoffmann Group manufactures industrial tooling, equipment and personal protective equipment. The two companies have been collaborating successfully for many years and share a similar value proposition and corporate values. Both are positioned as leading providers in their respective industries. “SFS’s trading business is already a leader in the Swiss market and by joining forces with Hoffmann SE, Europe’s leading systems partner, it now gains an international dimension in one go,” said Jens Breu (CEO of the SFS Group).

In 2021, Hoffmann SE generated sales of around EUR 1 billion and employed around 3,000 people.

The sellers will also receive shares in the listed SFS Group AG as part of the purchase price, giving them a stake in SFS Group AG after closing. Further details of the deal were not disclosed. The transaction is expected to complete in the first half of 2022, once the usual closing conditions have been met.

A CMS team headed by partners Dr Maximilian Grub and Dr Kai Wallisch advised SFS on all legal aspects of the transaction. The advice included structuring-related issues on the buyer side, the sellers’ re-investment in the listed SFS Group AG, preparation and negotiation of the transaction documentation, and due diligence. Careful attention had to be paid to the rules of Swiss stock corporation and stock exchange law when structuring and designing the transaction documentation and the re-investment. CMS worked closely here with SFS Group AG’s legal department and with Niederer Kraft Frey in Switzerland.

CMS Germany

Dr Maximilian Grub, Lead Partner, Stuttgart
Dr Kai Wallisch, Lead Partner, Stuttgart
Dr Karsten Heider, Partner, Stuttgart
Dr Tobias Grau, Partner, Stuttgart
Dr Sabina Krispenz, Principal Counsel, Stuttgart
Dr Maximilian Schneider, Counsel, Stuttgart
Dr Tobias Will, Senior Associate, Stuttgart (Co-Lead)
Simone Philipp, Senior Associate, Stuttgart, all Corporate/M&A
Dr Martin Mohr, Counsel, Stuttgart, Tax
Dr Christian Haellmigk, Partner, Stuttgart
Malena Hansen, Senior Associate, Stuttgart, both Competition & EU
Dr Oliver Simon, Partner, Stuttgart
Dr Michael Rein, Principal Counsel, Stuttgart, both Employment
Julia Dönch, Partner, Stuttgart
Robin Schmitt, Associate, Stuttgart, both IP
Dr Volker Zerr, Partner, Stuttgart
Sandra Scheib, Senior Associate, Stuttgart, both Real Estate
Dorothée Janzen, Partner, Berlin
Birgit Wagner, Senior Legal Consultant, Berlin
Stephanie Schulz, Senior Legal Consultant, Berlin
Steven Washington, Legal Consultant, Berlin
Louisa von Oldershausen, Legal Consultant, Berlin
Alexander Stadahl, Research Associate, Berlin, all Smart Operations

Press Contact
presse@cms-hs.com

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