14/02/2024
CMS advises automotive supplier Webasto on sale of charging business to...
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
Shae Lynn 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
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