Düsseldorf – Body shop specialist and plant manufacturer thyssenkrupp Automotive Body Solutions GmbH is acquiring a stake in fintech start-up cap-on GmbH, which specialises in digital pay-per-use services. Following the acquisition of a minority interest in the start-up, thyssenkrupp intends to work with cap-on to drive forward new financing and digital usage concepts in the capital-intensive plant and industrial goods business. thyssenkrupp will also advise the fintech on developing its range of services for industrial customers.
A CMS team headed by Düsseldorf-based partner Christopher Freiherr von Lilien-Waldau advised thyssenkrupp on all legal aspects of joining cap-on GmbH’s financing round. This included advising on structuring the minority stake, which is aimed at expanding thyssenkrupp’s business model as an equipment manufacturer to include pay-per-use solutions.
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