Stuttgart – Private equity firm Seafort Advisors is selling its majority stake in the Dieter Braun Group to listed company Deutsche Beteiligungs AG as part of a management buy-out. The management team is remaining on board and will be buying back shares in the Dieter Braun Group. The purchase price was not disclosed. The transaction is currently awaiting approval from Germany’s Federal Cartel Office.
A CMS team headed by lead partner and private equity lawyer Dr Tobias Schneider successfully advised Seafort Advisors on the transaction. CMS lawyers regularly provide Seafort and its portfolio companies with transactional support. In fact, CMS advised the PE firm back in 2013 when it first invested in the Dieter Braun Group.
Seafort Advisors is a collaborative private equity firm which is headquartered in Hamburg. It invests in medium-sized and technology-oriented companies in Germany, Austria and Switzerland.
The Dieter Braun Group specialises in cable systems and lighting technology for the automotive industry, offering a wide range of solutions. With its international operations, the company has generated sales of EUR 77 million in the 2016 year to date. Of this total, around 15% comprises components for mechanical and plant engineering and for the household appliance industry.
Deutsche Beteiligungs AG is one of Germany's leading private equity firms. It has been investing directly in mid-sized German companies since 1965 and has been listed on the stock exchange since 1985.
CMS Hasche Sigle
Dr Tobias Schneider, Lead Partner
Dr Andreas Lohbeck, Senior Associate
Christina Lung, Associate, all Private Equity/M&A
Dr Marc Seibold, Partner, Finance
Dr Christian Friedrich Haellmigk, Partner, Competition