Berlin – CMP German Opportunity Fund II, which is advised by CMP Capital Management-Partners GmbH, has indirectly acquired 100% of the shares in Pressmetall Gunzenhausen GmbH ("PMG"). The long-established company with 50 years' experience in die-casting and machining employs almost 500 people in Germany. The purchase price was not disclosed.
A German CMS team advised CMP on the legal aspects of the acquisition.
CMP Capital Management-Partners GmbH specialises in investing in companies undergoing major change. CMP's commitment as the new shareholder of PMG will enable it to leverage PMG's considerable growth potential over the medium term and develop the company. PMG manufactures ready-to-use aluminium die-cast components for the automotive industry.
CMS regularly advises CMP Capital Management-Partners GmbH on new investments by the CMP German Opportunity Fund II, which was launched last year. CMP was recently advised by CMS on the successful acquisition of the Customer Care Centre division of D+S europe GmbH and on acquisition of the Saxony-based UKM Group.
CMP Capital Management-Partners GmbH is a longstanding client of CMS Hasche Sigle. The law firm advised CMP on the sale of several companies following successful restructuring by the predecessor fund. Particularly noteworthy are the sales of Schock, a kitchen unit manufacturer, Lloyd Dynamowerke, and packaging producer Unterland.
Advisers CMS Hasche Sigle
Dr Eva Annett Grigoleit, Lead Partner
Dr Jörg Zätzsch, Corporate (Due Diligence)
Dr Jens Moraht, Finance
Dr Antje-Kathrin Uhl, Employment Law
Jesko Nobiling, Tax
Dr Igor Stenzel, Corporate and Coordination
Dr Kati Beckmann, Finance