P+P Pöllath + Partners advised the shareholders on the sale of MAG Group to the Fair Friend Group (Taiwan). The transaction is subject to approval by the antitrust authorities, expected in the fourth quarter 2015. The purchase price was not disclosed.

The mechanical engineering manufacturer MAG, headquartered in Germany (Eislingen/Fils, Baden-Wuerttemberg) and the USA, with subsidiaries in Hungary, China and India, recently achieved an annual turnover of more than EUR 450 million and employs over 1,500 people worldwide.

P+P Pöllath + Partners advised the sellers with the following interdisciplinary team:

    * Georg Greitemann (partner, M&A/corporate)
    * Katharina Reuther (counsel, M&A/corporate)
    * Daniel Wiedmann (counsel, antitrust)
    * Christine Funk (associate, M&A/corporate)
    * Alice Broichmann (counsel, arbitration)
    * Jens Linde (counsel, financing)
    * Michael Schuhmacher (senior associate,financing)