Practice Areas - Corporate and M&A Law Firms and Lawyers
Deal Date: | 20-02-2014 | Practice Area: | Corporate and M&A |
Deal Title: | PTF Holding Acquisition of Hitega Prazisionsmechanik | Industry: | Industrial Engineering |
Description: |
PTF Holding GmbH (PTF), a leading medium-sized manufacturer of complex CNC mechanical high-tech precision parts and assemblies located in Stollberg/Saxony (Germany), acquired Hitega Prazisionsmechanik GmbH (Hitega) with the support of its majority owner Silver Investment Partners (SIP).
Hitega is a manufacturer of high precision CNC milled and turned parts located in Gangkofen, Bavaria, specialising in the production and assembly of small series and prototypes. PTF has two locations in Germany (Stollberg/Saxony, Hattersheim/Hesse) as well as Suzhou (China) and Sturtevant/Racine County (USA). The acquisition of Hitega represents the fifth successfully completed acquisition by SIP, an independent equity investor in small and medium-sized companies in Germany, Austria and Switzerland.
King and Wood Mallesons SJ Berwin advised PTF and SIP (Michael Cziesla).
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Financial Center: | Frankfurt | Value: | 0.00-0.00 |
Advised Party: | Acquiror | Law Firm | King & Wood Mallesons SJ Berwin |
Target Company Jurisdiction: | Germany | Acquiror Jurisdiction: | Germany |
Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Michael Cziesla |