Frankfurt/Main – PMG MittelstandsGruppe GmbH has acquired a majority of the shares in GDS Präzisionszerspanungs GmbH from the two founding shareholders. The deal was conducted through one of its funds, PMG II Vermögensanlagen GmbH & Co. KG. The financial details of the transaction were not disclosed.
A Frankfurt-based CMS team comprising Christian Schubert, Dr Florian Plagemann and Dr Hendrik Hirsch advised PMG on all legal aspects of the transaction. This included in particular due diligence, contract negotiation and signing, financing and also reinvestment by management. CMS has advised the client on several occasions in the past.
PMG II Vermögensanlagen GmbH & Co. KG, which is headquartered in Frankfurt am Main, is a fund that invests in small and medium-sized enterprises with annual sales of around EUR 10 million.
GDS Präzisionszerspanungs GmbH manufactures clamping tools for grinding applications as well as precision parts for device construction, mechanical engineering and tool making. It is based in Ofterdingen (Baden-Württemberg), Germany. Established in 1998, the firm is now represented in 40 countries.
Dr Hendrik Hirsch, Partner
Christian Schubert, Counsel
Dr Florian Plagemann, Counsel, all Corporate/M&A
Dr Johanna M. Hofmann, Associate, TMC
Birgit Wagner, Senior Legal Consultant, SMOP