CMS Bureau Francis Lefebvre advised Vernet on the acquisition of Behr Thermot-tronik’s thermostatic activities in the sanitary and heating domain

Vernet SA, a world leading manufacturer of themostatic devices using the wax principle, acquired all of the thermostatic activities in the sanitary and heating domain owned by Behr Thermot-tronik, a subsidiary of the German Behr Group.

For this deal, Vernet was advised on legal and tax matters by CMS Bureau Francis Lefebvre with a team comprised of Philippe Rosenpick, Partner, Arnaud Hugot and Jean-Charles Daguin, Associates, for corporate matters and Gaëtan Berger-Picq, Partner, and Amélie Retureau, Associate for the tax aspects.

CMS Bureau Francis Lefebvre’s team was assisted for the German law aspects notably by Claus Peter Fabian, Partner at CMS Hashe Sigle, a member of the CMS alliance.
The Behr Group was advised by Rolf Leinekugel and Christian Gunsser at Oppenlander. Its financial advisor was Tansact Advisory (Ralf Arnold).

The financing banks were: Société Générale, Banques Populaires, Oseo Financement, Crédit Lyonnais and Banque Palatine.
Behr Thermot-tronik develops, manufactures and markets thermostatic control systems for various industry sectors and domestic applications.

As a result of this acquistion, Vernet has become the world leading manufacturer of themostatic devices using the wax principle for the automotive, sanitary and heating sectors and also for energy-saving sectors (solar, controlled ventiliation, etc.).

For further information, please contact:
CMS Bureau Francis Lefebvre
Florence Jouffroy / Tel: +33 1 47 38 40 32
Laetitia Mostowski / Tel: +33 1 47 38 40 74