Heuking Kühn Lüer Wojtek provided counsel to West LB AG and financial investor Odewald & Compagnie on the sale of its holding in Westfalia Automotive Gruppe to DPE Deutsche Private Equity. Details of the transaction that was concluded at the end of 2010 and will likely be implemented in the first half of 2011 were not disclosed. The implementation of the transaction is subject to the approval of the antitrust authorities.
Westfalia-Automotive, headquartered in Rheda-Wiedenbrück, develops, manufactures and distributes towbars and accessories for vehicles. The Westfalia-Automotive Group, including Siarr and Monoflex, employs a staff of about 800 and generated revenue of about EUR 140 million in the past fiscal year.
West LB AG ranks among the leading financial service providers in Germany.
Odewald & Compagnie, with managed capital of more than EUR 1 billion, is one of the leading German private equity houses. The funds managed by Odewald & Compagnie invest in mid-sized companies with the objective to support management of the portfolio companies in increasing company value.
Heuking Kühn Lüer Wojtek has regularly provided legal counsel to Odewald & Compagnie on transactions. Most recently, Heuking Kühn Lüer Wojtek advised Odewald & Compagnie on the sale of the BOA Group at the end of 2010.
Counsel to Odewald & Cie.:
Heuking Kühn Lüer Wojtek: Dr. Hans-Jochem Lüer, LL.M., Dr. Pär Johansson, Dr. Oliver Böttcher, Tim Remmel, LL.M., Kristina Reinhardt (all M&A Cologne), Dr. Rainer Velte (Antitrust Law) und Marion Sangen-Emden (Taxes) in Düsseldorf.