Cologne – NORD Holding Unternehmensbeteiligungsgesellschaft mbH has sold the Bock Group, a global heating and cooling company which is based in Frickenhausen (Baden-Württemberg). The buyer is the Danfoss Group, a Danish company with international operations. Details of the acquisition were not disclosed.
The Bock Group’s broad product portfolio covers both mobile (bus, truck, refrigerated container) and stationary applications (supermarkets, food processing) of refrigeration, air conditioning and heating technology. NORD Holding made significant investment in the company to strengthen the business, as well as launching a comprehensive strategic programme as the basis for delivering strong sales growth during the investment period. The programme included relocating production sites and establishing a new IT infrastructure.
An international CMS team headed by Klaus Jäger and Dirk Baukholt provided NORD Holding with legal advice on this complex transaction, which spanned eight jurisdictions. CMS has been advising NORD Holding for many years on both the acquisition and the exit side. This included providing legal support to the private equity investor on acquisition of the Bock Group in 2020 as part of a carve-out by the previous owner, technology group GEA.
CMS Germany
Klaus Jäger, Lead Partner, Cologne
Dr Dirk Baukholt, Co-Lead, Principal Counsel, Frankfurt/Main
Christoph Schröer, Senior Associate, Cologne
Ramon Weistroffer, Senior Associate, Cologne, all Corporate/M&A
Dr Malte Bruhns, Partner, Cologne
Dr Dirk Smielick, Principal Counsel, Cologne, Intellectual Property
Dr Angela Emmert, Partner, Cologne
Dr Andreas Hofelich, Partner, Cologne
Lennard Martin Lürwer, Senior Associate, Cologne
Dr Mario Brungs, Senior Associate, Cologne, all Labor, Employment & Pensions
Dr Martin Friedberg, Counsel, Düsseldorf, Tax
Kai Neuhaus, Partner, Brussels
Moritz Pottek, Senior Associate, Brussels, both Competition & EU
Romy Haferkorn, Senior Legal Consultant, Berlin
Shae Lynn Washington, Senior Legal Consultant, Berlin, both Smart Solutions
CMS Beijing
Dr Falk Lichtenstein, Partner, Beijing
Roxie Meng, Associate, Beijing
Stephanie Zhai, Paralegal, Beijing, all Corporate/M&A
CMS Prague
Helen Rodwell
Monika Hospudkova
CMS Singapore
Toby Grainger
Sam Ng
CMS Austria
Clemens Grossmayer
Anna Hiegelsperger
CMS South Africa
Yushanta Rungasammy
Sihle Bulose
Vaish, India
Bomi F. Daruwala
Shrinivas Sankaran
Alok Sharma
Disha Rathod
Maddocks, Australia
Julian Law
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