Stuttgart – A subsidiary of the funds advised by Oaktree Capital Management, L.P. (“Oaktree”) is seeking to acquire two virgin fibre carton plants from the Mayr-Melnhof Group (“MM”) in Eerbeek (the Netherlands) and Baiersbronn (Baden-Württemberg, Germany). The purchase price is around EUR 105 million, plus net debt as per the final closing accounts. MM is regarded as a leading manufacturer of cartonboard and folding cartons in Europe. Following the disposal, the company intends to focus on new acquisitions and growth investments. The transaction is subject to certain conditions, with closing expected in the third quarter of this year. In particular, there will be a consultation process involving workers’ representatives.
An international CMS team headed by lead partners Dr Maximilian Grub and Dr Tobias Grau advised Oaktree on all legal aspects of the transaction. This included close coordination and collaboration with CMS colleagues in the Netherlands. CMS also advised on the acquisition financing.
CMS Germany
Dr Maximilian Grub, Lead Partner, Stuttgart
Dr Tobias Grau, Lead Partner, Stuttgart
Dr Markus Pfaff, Client Relationship Partner, Frankfurt, Banking & Finance
Dr Sabina Krispenz, Principal Counsel, Stuttgart
Dr Christoph Vaske, Senior Associate, Frankfurt
Susanne Waldhans, Senior Associate, Stuttgart
Simone Philipp, Senior Associate, Stuttgart, all Corporate/M&A
Dr Axel Funk, Partner, Stuttgart, IT Transfer/TMC
Julia Dönch, Partner, Stuttgart
Robin Schmitt, Associate, Stuttgart, both Intellectual Property
Dirk Loycke, Partner, Stuttgart, Commercial
Dr Oliver Simon, Partner, Stuttgart
Dr Michael Rein, Principal Counsel, Stuttgart, both Labor, Employment & Pensions
Kai Neuhaus, Partner, Brussels
Dr Björn Herbers, Partner, Brussels
Moritz Pottek, Senior Associate, Brussels, all Merger Control/Competition & EU
Andrea München, Partner, Frankfurt
Christopher Heckel, Senior Associate, Frankfurt
Alisa Brehm, Associate, Frankfurt, all Banking & Finance
Dr Ursula Steinkemper, Partner, Stuttgart
Dr Clara Volker, Senior Associate, Hamburg, both Real Estate & Public
Dr Daniel Kaiser, Partner, Stuttgart
Dr Martin Mohr, Counsel, Stuttgart, both Tax
Birgit Wagner, Senior Legal Consultant, Berlin
Anke Clippingdale, Legal Consultant, Berlin
Edris Trabzadah, Legal Consultant, Berlin, all Smart Operations
CMS Netherlands
Roman Tarlavski
Lisanne van der Velden
Bob Barnhoorn
Robert Jong, all Corporate/M&A
Eduard Scheenstra
Jenny Noordermeer, both Banking & Finance
Press Contact
presse@cms-hs.com
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