A cross border team of lawyers from international law firm Taylor Wessing has advised Caledonia Investments plc and Gasfin Investment SA on the sale of their majority stake in TGE Marine AG, the leading Engineering, Procurement and Construction Supervision solution provider to the cryogenic gas markets, to MES Germany Beteiligungs GmbH, a wholly owned subsidiary of Mitsui Engineering & Shipbuilding Co.

The transaction was led for Taylor Wessing by Private Equity partners Emma Danks (UK) and Christian Kleeberg (Frankfurt) with a team of lawyers from UK, Germany and China including Robert Vidal (partner, IT, Telecoms and Competition), Tandeep Minhas (partner, Corporate Finance), Rob Young (partner, Tax), Oliver Rothley (partner, Capital Markets), Bert Kimpel (partner, Tax), Sascha Grosjean (partner, Employment & Pensions), Louisa Penny (senior counsel, IT, Telecoms and Competition), Michael Johannes Pils (senior associate, Employment & Pensions), Caitlin Dupuy (associate, Private Equity), Anne Bart (associate, M&A) and Stephen Wu (associate, Corporate).

Emma Danks commented:

“We are delighted to have acted for Caledonia and Gasfin on their exit from TGE. The business has flourished under their ownership since the original management buy-out of TGE from Tractebel Engineering in 2006, and this transaction is an example of the continuing M&A trend seen in 2015 of Asian buyers seeking quality assets in Europe”.