Munich – Listed private equity firm Mutares SE & Co. KGaA has signed an agreement to acquire Magirus from the Iveco Group. Magirus is one of the world’s leading providers of firefighting equipment. This new platform investment will enable Mutares to strengthen its Goods & Services segment. The transaction is expected to complete no later than January 2025.A CMS team headed by partner Dr Michael Wangemann advised Mutares on all legal aspects of the acquisition. Mutares regularly relies on the expertise of the CMS team led by Dr Wangemann, including during the recent acquisition of High Precision Components Witten GmbH. Mutares SE & Co. KGaA is a private equity firm based in Munich. It acquires medium-sized companies in transitional situations and parts of large corporations (carve-outs), with the aim of putting them onto a profitable growth path. Mutares’ revenues currently stand at around EUR 5 billion and are expect to rise to 10 billion by 2028. Ulm-based Magirus generates annual sales of more than EUR 300 million. The company has around 1,300 employees across locations in Germany, Italy, Austria and France. It offers products and related aftersales services in the firefighting and disaster control field. CMS Germany Dr Michael Wangemann, Lead Partner Viktoria Barthel, Senior As­so­ci­ate Mar­i­elouise Emmer, Senior Associate, all Corporate/M&A Anna-Lena Löcherbach, Counsel, M&A/Real Estate Susanne Schwalb, Partner, Dispute Res­ol­u­tion Stefan Lüft, Partner Martin Maurer, Senior Associate, both IP Inhouse Legal at Mutares Jan Thöle, General Counsel Inhouse Tax at Mutares Denis Ahluwalia, Head of Tax Julia Hellwig, Senior Manager TaxPress Con­tact presse@cms-hs. com

Cologne – Webasto, a leading global automotive supplier headquartered in Stockdorf near Munich, has sold a majority stake in its charging solutions business. The business includes charging cables, mobile chargers and wallboxes. The German company is one of the 100 largest suppliers to the automotive sector worldwide and will remain invested in the division as a minority shareholder. It intends to focus on its core business segments going forward. In 2022, Webasto took the strategic decision to seek an investor for the charging solutions business. The buyer is private equity firm Transom Capital Group, based in Los Angeles, USA. The two companies signed a purchase agreement on 7 February 2024. Further details of the transaction were not disclosed.A CMS team headed by lead partner Klaus Jäger advised Webasto on all legal aspects of the sale. The German CMS team worked closely with CMS teams from Mexico City and Beijing, as well as US law firms Miller & Martin PLLC and Locke Lord LLP. The sales process was highly complex, partly due to the fact that prior to the sale the unit in question needed to be restructured by taking appropriate action across a number of different jurisdictions. Webasto has relied on the expertise of CMS in the past, most recently when acquiring all the shares in Luxembourg company Carlex Glass. Established in 1901, automotive supplier Webasto focuses on roof systems and on vehicle electrification in its development, manufacturing and sales operations. The product range includes openable and fixed roofs, electric high-voltage heaters and batteries and thermo management solutions. Webasto’s customers range from manufacturers of passenger cars, commercial vehicles and boats to dealers and end customers. In 2022, the group generated sales of over EUR 4 billion and employed some 16,800 people across more than 50 locations worldwide. CMS Germany Klaus Jäger, Lead Part­ner Anna-Lena Löcherbach, Counsel Philipp Knopp, Senior As­so­ci­ate Domin­ic Zimmer, Associate Nina Fink, Associate, all Corporate/M&A Dr Angela Emmert, Partner Lennard Martin Lürwer, Counsel Marcel Heinen, Senior Associate, all Labor, Employment & Pensions Dr Sebastian Cording, Partner Lars Howe, Associate Dr Markus Kaulartz, Partner Dr Reemt Matthiesen, Partner, all TMC Dr Alexandra Schluck-Amend, Partner Manuel Nann, Senior As­so­ci­ate  Fran­ziska Fuchs, Senior Associate, all Restructuring and Insolvency Lars Eckhoff, Partner Dr Philipp Rohdenburg, Counsel, both Commercial Dr Dirk Smielick, Principal Counsel, Intellectual Property Dr Christian Scherer, Partner, Real Estate & Public Barbara Bayer, Counsel, Banking, Finance & Insurance Moritz Pottek, Counsel, Antitrust, Competition & Trade Dr Arne Burmester, Principal Counsel Conrad Gräwe, Legal Coordinator Romy Rosenhahn, Legal Co­ordin­at­or Stephanie Schulz, Legal Co­ordin­at­or Steven Washington, Legal Co­ordin­at­or Tag­rid Chahrour, Senior Legal Specialist Anke Clippingdale, Senior Legal Specialist Lisa Mattmann, Senior Legal Specialist Sarah Przybylski, Senior Legal Specialist Edris Trabzadah, Senior Legal Specialist Faraz Ahmad, Legal Specialist Jule Marie Holz, Legal Specialist Sofia Schreiner, Legal Spe­cial­ist Al­ex­an­der Stadahl, Legal Specialist, all Smart Operations CMS China Dr Falk Lichtenstein, Partner, Corporate/M&A CMS Mexico Giancarlo Schievenini, Partner, Corporate/M&A MILLER & MARTIN PLLC, Attorneys at Law, Atlanta, USA Mike Marshall, Partner Joe De Lisle, Partner Locke Lord LLP, Boston, USA Jonathan Young, PartnerPress Con­tact presse@cms-hs. com   

Munich – Invesco Real Estate (IRE), a subsidiary of Invesco Ltd. that specialises in worldwide property investments, has sold an 84,500-square-metre logistics property in Bondorf, south-west of Stuttgart, to the Rewe Group. The retail chain was already one of the facility’s tenants and plans to extensively upgrade it. The aim is to make even greater use of the hub for regional distribution, which requires an expansion of the logistics capacity. The property was acquired by Invesco in 2016 and has now been sold on behalf of one of Invesco’s European strategies in an off-market trans­ac­tion. De­tails of the transaction were not disclosed.A CMS team headed by partner Dr Oliver Thurn advised Invesco Real Estate on all legal aspects of the transaction. The team headed by Munich-based CMS partner Thurn provides Invesco Real Estate with legal support on a regular basis, and the company has been a CMS client for many years. The team also recently advised on the sale of a logistics property in Saxony to a fund managed by Hines. Press Con­tact presse@cms-hs. com

Munich – Invesco Real Estate (IRE), a subsidiary of Invesco Ltd. that specialises in worldwide property investments, has sold a 73,500 square metre logistics property in Hainichen (Saxony) to a fund...

Munich - Global wireless communications infrastructure provider Phoenix Tower International is acquiring the German subsidiary of Dutch NOVEC BV. Berlin-based Novec GmbH is an independent provider of...

Munich – Space start-up Isar Aerospace, developer and manufacturer of launch vehicles for transporting small and medium-sized satellites, has completed a Series C financing round of around EUR 155 million...

Munich – A group of investors advised by Rigeto Un­ternehmerkapit­al GmbH has established AndCompany GmbH as a holding company. The aim is to create a network of complementary firms under this umbrella...

Munich – The office and retail building at Gänsemarkt 45 in downtown Hamburg has been sold by Invesco Real Estate to Tishman Speyer Investment Management, which is acting on behalf of insurer Ver­sicher­ung­skam­mer...

Munich – AFINUM Siebte Beteili­gungs­gesell­schaft mbH & Co. KG, which is advised by Afinum Management GmbH, has signed an agreement to sell Garz & Fricke Holding GmbH to Seco S.p.A., a listed Italian...

Munich – Afinum Achte Beteili­gungs­gesell­schaft mbH & Co. KG, which is advised by Afinum Management GmbH, has acquired a majority shareholding in Tisso Naturprodukte GmbH, a specialist supplier of therapeutic...

Munich – Software localisation platform Phrase has been acquired by Memsource, an artificial in­tel­li­gence-based translation management system provider. The transaction sees the three founders of Phrase...