Frankfurt/Main – ProXES GmbH, a new holding company set up by Frankfurt-based Deutsche Beteiligungs AG (DBAG), has acquired a stake in FrymaKoruma AG (Rheinfelden, Switzerland) and FrymaKoruma GmbH (Neuenburg) from the Romaco Group. Under the umbrella of ProXES, the two FrymaKoruma process engineering companies will work closely with existing investment Stephan Machinery GmbH. Headquartered in Hameln, Stephan Machinery was acquired by DBAG in 2013.
CMS advised the buyer side on all legal aspects of the transaction via a team of German and Swiss experts. It also provided support for financing and structuring. The lead partner was Dr Hendrik Hirsch. CMS Hasche Sigle has acted on behalf of DBAG on a number of occasions over the past few years, including when acquiring Stephan Machinery.
Listed company Deutsche Beteiligungs AG is one of Germany's leading private equity firms. It invests primarily in industrial SMEs and has assets under management of around EUR 1.3 billion. FrymaKoruma is a leading international supplier of process engineering machinery and process equipment for the pharmaceutical, cosmetics, chemicals and food markets. Stephan Machinery manufactures industrial machines and plants for food production and packaging.
Dr Hendrik Hirsch, M&A, Lead Partner
Dr Holger Pattberg, M&A, Due Diligence
Marcus Fischer, Tax, Structuring
Julius Hirtz, Tax
Dr Markus Pfaff, Finance, Lead
Dr Roman Gaitzsch, both Finance
Stefan Brunnschweiler, M&A, Co-Lead Switzerland
Stephan Werlen, Finance, Co-Lead Switzerland
Seraina Tsering, Due Diligence
Andrea Ferchl, Finance
David Hürlimann, Tax, Structuring
Marc Cagienard, Tax