Stuttgart – Schuler Pressen GmbH has sold its Body Panel business unit to a consortium comprising private equity firms Accursia Capital and Navigator Capital as part of an asset deal. The business unit operates out of sites in Göppingen and Weingarten and has around 200 employees. It is a leading specialist in Germany for the design and manufacture of press tools for car body panels and for complex geometries in general, such as B pillars. The new shareholder will operate the business division as Cartec Tooling GmbH under the umbrella of the planned Deutsche Werkzeugbau (DWB), to which Gebr. Rath Werkzeugbau in Kreuztal already belongs. The deal will complete in February 2020.
A CMS team headed by lead partners Dr Maximilian Grub and Dr Barbara Wössner advised Schuler on all legal aspects of the transaction.
Schuler Pressen GmbH is part of the Schuler Group. Schuler AG, the long-established parent company, was founded in 1839 in Göppingen, where its headquarters are located. The Schuler Group now has around 6,600 employees at production sites across Europe, China and America, with service companies in more than 40 countries. The transaction reflects Schuler’s desire to maintain its strategic focus on its core business.
Navigator Capital and Accursia Capital are investors specialising in the acquisition of companies in special situations, and have already carried out several corporate spin-offs.
Dr Maximilian Grub, Lead Partner
Dr Barbara Wössner, Lead Partner
Dr Sabina Krispenz, Principal Counsel
Dr Tobias Will, Senior Associate
Simone Philipp, Associate, all Corporate/M&A
Dr Harald Kahlenberg, Partner, Competition & EU
Dr Oliver Simon, Partner, Employment
Stephanie Luedtke, General Counsel