LAWFUEL – Press Release Service – Funds advised by Frankfurt-based private equity firm Halder have acquired the medium-sized Karl Eugen Fischer Group, based in Burgkunstadt, Germany, by means of a management buy-out conducted together with the company’s management. The transaction was financed by Frankfurt’s Investkredit Bank AG, who was advised by Mayer, Brown, Rowe & Maw LLP. The financial details of the transaction have been kept confidential.
The Halder Group has belonged to the Belgian publicly-listed investment company GIMV n.v. since 2000 and has since the early 1980s invested more than EUR 350 million in over 100 medium-sized companies. The stake in Fischer is the fourth investment made by the Halder Germany Fund.
Karl Eugen Fischer GmbH is a leading manufacturer of cutting plants for the international tire industry. The long-standing company is specialized in cord cutting plants for tire makers and customized sheet-metal processing machines used by auto component suppliers.
Counsel to Investkredit:
Mayer, Brown, Rowe & Maw (Financing)
(Frankfurt): Markus Strelow (Private Equity, lead manager); Associate: Michael Juenemann (Private Equity)
(Chicago): Robert Baptista, William Tompsett
(Frankfurt): Thomas Fotteler, Marc Vogler
About Mayer, Brown, Rowe & Maw:
With a staff of over 1,400 attorneys in six European and seven US cities, Mayer, Brown, Rowe & Maw LLP is one of the leading international business law firms, and was one of the first transatlantic law firms in Germany. Its client-base includes 65 of the Fortune 100, countless DAX-listed companies and leading mid-caps, as well as international financial service providers. From its German offices in Frankfurt/Main, Cologne and Berlin, 100 lawyers act as counsel for German and international clients, covering a broad range of complex legal issues.