Frankfurt – Novem Vermögensverwaltungs GmbH has sold Novem Beteiligungs GmbH to a fund managed by private equity investor Bregal Capital LLP.
A team led by partners Dr Martin Bell and Dr Oliver Wolfgramm advised law firm Schultze & Braun as trustee of Novem Vermögensverwaltungs GmbH on all aspects of the particularly complex transaction. CMS Hasche Sigle's team of M&A experts included Till Benjamin Liebau, Dr Kolja Petrovicki, Frank Michael Geissler and Matthias Heilmeier.
Novem is a global supplier of high-quality trim parts and decorative components for vehicle interiors. As the world market leader for wood trim parts, its customers include leading car manufacturers such as Audi, BMW, Daimler, VW, Volvo, Range Rover, Maserati, Lincoln and Cadillac. It generated sales of more than EUR 270 million in the last financial year.
Following a substantial drop in sales during the financial and automotive crisis, the shares in the company were transferred to a trustee structure. The trustee initiated a sales process as the car industry recovered and the business prospered again.
Advisers CMS Hasche Sigle:
Dr Martin Bell, M&A, Lead Partner
Dr Oliver Wolfgramm, M&A, Lead Partner
Till Benjamin Liebau, M&A
Dr Kolja Petrovicki, M&A
Frank Michael Geissler, M&A
Matthias Heilmeier, M&A
