Allen & Overy LLP has advised Deutsche Beteiligungs AG (DBAG) together with DBAG Fund VI in connection with their acquisition of  a majority stake in FRIMO Group. Along with DBAG Fund VI, to which it acts as advisor, DBAG has made its investment by way of a management buy-out. The aim of the investment is to support the company in its strong growth. The management will also participate by way of the management buy-out. The parties agreed not to disclose the purchase price. The transaction is still subject to clearance by the cartel authorities.

The FRIMO Group is one of the world's leading developers of system solutions for manufacturing high-quality plastic components. The FRIMO network consists of international locations in Europe, America and Asia with a total of 1,300 employees as well as a number of international representatives. The group of companies with its headquarters in Lotte near Osnabrück, Germany, generated an annual turnover of more than EUR 200 million in 2015.

The Allen & Overy team was led by partners Dr Michael Bernhardt and Dr Matthias Horn and also comprised counsel Nikolai Sokolov, senior associate Dr Roman Kasten and associates Sebastian Dexheimer, Phillip Prystawik and Robert Jochim (all Private Equity, all Frankfurt).

They were supported by partners Thomas Neubaum (Banking and Finance, lead financing) and Dr Asmus Mihm (Tax), counsel Bianca Engelmann (Banking and Finance, all Frankfurt) and counsel Jacques Graas (Corporate, Luxembourg), senior associates Patrick Reuter (Banking and Finance, Frankfurt), Miray Kavruk (IP, Düsseldorf), Dr Marcus Grühn (Real Estate, Hamburg) and counsel Dr Christian Hilmes as well as associates Dr Daniel Bolm (both Real Estate, Hamburg), Andreas Ziegler (Public Law, Frankfurt), Gunnar Harlacher (Tax, Frankfurt), Jennifer Sauder (IP, Düsseldorf), Dr Sebastian Schulz, Dr Patrick Flockenhaus (both Employment and Benefits, Frankfurt and Düsseldorf) and Pol Theisen (Corporate, Luxembourg).

Support was also provided by Allen & Overy teams from other offices, including France, the US, China, Hungary and Turkey, as well as by relationship firms in Canada and Mexico.

DBAG was advised in-house by Florian Döring (head of legal).

As regards the structuring of the management participation scheme and re-investment, DBAG was advised by Linklaters.