Author Archives: Redaktion

TRACC LEGAL advises ADCURAM in the majority takeover of the VITRULAN Group

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


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

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.

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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