DaimlerChrysler AG has sold its 100 % holding in its Venture Capital subsidiary DaimlerChrysler Venture GmbH to the investment company Cipio Partners. DaimlerChrysler Venture GmbH has holdings in, among other companies, the Californian telematics company Iteris and the Munich software provider Definiens AG.
Stefan-Ulrich Müller and Dr Ulrich Springer (both Private Equity, M&A) from the Munich office of CMS Hasche Sigle advised
DaimlerChrysler on the transaction; it has been agreed that the purchase price will remain confidential.
Contact CMS Hasche Sigle:
Tel.: +49 (0)40 / 376 30-325
E-mail: [email protected]
Advisors to DaimlerChrysler AG
CMS Hasche Sigle (Munich): Stefan-Ulrich Müller, Dr Ulrich Springer (both Private Equity, M&A)
Advisors to Cipio
Pöllath + Partner (Munich): Dr Michael Inhester (M&A, Venture Capital)
CMS Hasche Sigle is one of the leading German law firms with more than 350 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry.
CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow, Prague and Shanghai.
The law firm is a founding partner of CMS, a European association of reputable law firms with more than 1,900 lawyers. In addition to CMS Hasche Sigle, the following firms are also members of the CMS association: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna (UK), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Klainguti Stettler Wille (Switzerland), CMS Lexcelis (Belgium) and CMS Reich-Rohrwig Hainz (Austria) with a total of 56 offices in 24 jurisdictions. This network enables CMS Hasche Sigle to offer integrated and extensive legal advice for cross-border projects.
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