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Takeover of VTG from TUI by Compagnie Européenne de Wagons - CMS Hasche Sigle advises investor IPE-Ross

06/06/2005

Compagnie Européenne de Wagons and TUI AG have signed an agreement relating to the acquisition of all shares in the VTG group. Compagnie Européenne de Wagons belongs to a fund administered by the investment company IPE-Ross. Details relating to the purchase price were not disclosed. The acquisition is still subject to clearance from the cartel authorities. A 10-man core team from CMS Hasche Sigle under the leadership of Stuttgart partner Dr Udo Simmat (corporate/M&A/Private Equity) advised IPE-Ross on the transaction which involved not only CMS Hasche Sigle but also all other member firms of the CMS Alliance.

By acquiring VTG, Compagnie Européenne de Wagons acquires the largest European leasing company for rail transport of liquid chemicals and mineral oils with approx. 45,000 rail tank and other rail freight cars. VTG employs approx. 500 employees and has a presence in 17 European countries. VTG had a turnover of 406.7 million euro in the 2004 business year. The acquisition of VTG is the third venture of the company into the European logistics sector.

IPE-Ross is an independent investment company. The company makes long-term investments in established and internationally active industrial and service companies in Europe. It focuses on medium-sized enterprises with a value of between 100 million and one billion euro with a strong position in the home market and promising growth prospects.

Advisers

IPE-Ross:
CMS Hasche Sigle Rechtsanwälte
Dr Udo Simmat, Private Equity, partner, Stuttgart
Dr Peter Ruby, M&A / Private Equity, partner, Stuttgart
Dr Tobias Schneider, M&A / Private Equity, associate, Stuttgart
Dr Jacob Siebert, M&A / Private Equity, associate, Stuttgart
Roman C. Strutynski, associate, Stuttgart, due diligence (foreign)
Dr Heiko Wiechers, associate, Stuttgart, due diligence (coordination)
Dr Marc Seibold, associate, Stuttgart, due diligence (Germany)
Prof. Dr Gerhard Wilhelm, partner, Stuttgart, pensions
Dr Oliver Simon, partner, Stuttgart, pensions
Dr Rainer Herschlein, associate, Stuttgart, acquisition structure

Investment bank:
Rothschild GmbH, Frankfurt
Rothschild & Cie., Paris
N M Rothschild & Sons Limited, London

Contact CMS Hasche Sigle:

Dr Udo Simmat
Tel.: +49 (0) 711 / 9764-363
E-mail: [email protected]

Background

CMS Hasche Sigle is one of the leading German law firms with more than 420 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, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow, Prague and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575 partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our clients in 24 countries in Europe and further afield on legal and tax issues.

Local strength and legal tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Klainguti Stettler Wille (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe, North and South America, Asia and North Africa.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com.

Related people

Heiko Wiechers
Dr. Heiko Wiechers
Partner
Stuttgart