Shearman & Sterling advised BayernLB on the financing of the acquisition of HOFFMANN Fördertechnik GmbH (“HOFFMANN“), one of the leading manufacturers of lifting gear, by AFINUM Siebte Beteiligungsgesellschaft mbH & Co. KG as part of a succession regulation.

The acquisition of HOFFMANN Fördertechnik is the seventh deal from its latest buyout fund AFINUM Siebte Beteiligungsgesellschaft mbH & Co. KG, initiated on October 2013.

HOFFMANN, headquartered in Wurzen, Germany, has approximately 230 employees and has developed and produced customized, high-quality lifting gears for more than 60 years.

The Shearman & Sterling team was led by partner Winfried M. Carli and included associate Andreas Breu and transaction specialist Marina Kieweg (all Frankfurt-Finance).