Munich industrial holding ADCURAM Group AG is acquiring 90 per cent of the shares in the Vitrulan Group under a succession arrangement. The respective sale and purchase agreement was signed on 07 October 2016. The previous majority shareholder will retain a ten per cent stake in the operative companies Vitrulan Textile Glass GmbH in Marktschorgast (Upper Franconia) and Vitrulan Technical Textiles GmbH in Haselbach (Thuringia) and will continue to lead the group as managing director. Continue reading
Author Archives: Redaktion
ADCURAM sells HOCO
On 24 August 2016 Munich industrial group ADCURAM sold the HOCO Group, which trades in Germany under Hoco Fenster und Haustüren GmbH. The buyer is a group of investors consisting of NAVIGIS AG and Apex AG. Continue reading
Debate about “hard” and “soft” balance sheet guarantees: Recommendations for the drafting of contracts
Latest verdict gives important indicators for buyers and sellers
In addition to other undertakings, corporate acquisition agreements often also contain warranties given by the seller concerning the accuracy of the annual financial statements of the business being sold. In practice, however, there are frequent disputes concerning these balance sheet guarantees, as they are known: Under what circumstances is the guarantee considered breached? What are the consequences of a breach of the guarantee? Continue reading
TRACC LEGAL advises Eckpfeiler in joint venture with Büschl group
Eckpfeiler Immobiliengruppe, Munich, has joined forces with Büschl group to acquire the “Kirschgelände” site in München-Allach. Continue reading
Quantum Capital Partners acquires Eberswalde railway yard
A subsidiary of Quantum Capital Partners AG, Munich, has taken over the Eberswalde railway yard from Deutsche Bahn AG. Signed back in April 2016, the sale and purchase agreement has now been approved by the antitrust authorities and will take effect on 1 January 2017. Continue reading
The NUVISAN group acquires a pre-clinical unit in Grafing from Merck
NUVISAN GmbH with headquarters in Neu-Ulm, Germany, acquires with effect as of 1st of July 2016 a research and development site for Drug Metabolism and Pharmacokinetics (DPMK) in Grafing (near Munich) from Darmstadt-based Merck-KGaA. The research institute employs about 40 staff members. Continue reading
STRATEC acquires the BioSciences business from Sony
Sony DADC Austria AG, a leading high-precision optical disc manufacturer, has sold Sony DADC BioSciences GmbH to STRATEC Biomedical AG, Birkenfeld, Germany. The respective purchase agreement was signed on June 8, 2016, based on a company valuation exceeding EUR 30 Mio. The parties expect to complete the transaction during the third quarter 2016 at the latest. Continue reading
ROBUR-Group acquires WIR GmbH
The Munich based ROBUR GROUP expands its core business by acquiring “WIR GmbH Wartung-Industriemontagen-Reinigung” with corporate seat in Gundelsheim. WIR is a worldwide operating mid-sized enterprise specialized in installing machines and machine parks. The scope of its business and services ranges from the dismantling, worldwide relocation up to the maintenance and retrofitting of machinery and whole industry facilities. As regards transportation WIR organizes the whole logistics chain including all formalities like freight and customs clearance.
New judgment: Deregistration of a GmbH i. L. possible despite pending taxation procedures
Even if not all taxation procedures have been completed, registry courts are in certain cases under obligation to deregister a GmbH (limited liability company) in liquidation. This was determined by the Higher Regional Court (Oberlandesgericht, OLG) Jena in a recent judgment (judgment of 20 May 2015, ZIP 2016, 25 et seq.) Continue reading
ADCURAM sells Hennecke Group to Capvis
The Munich-based industrial holding ADCURAM has sold Hennecke Group to Swiss-based financial investor Capvis Private Equity Partners AG. Hennecke is the global technology and innovation leader in the field of developing and constructing machinery and equipment used for the processing of Polyurethane. The transaction is subject to approval by the competent merger control authorities. Continue reading