Ashurst acted for Landesbank Baden-Württemberg, HSH Nordbank AG and WGZ Bank on the financing of the acquisition of a stake in Kautex Maschinenbau GmbH (Kautex) by funds advised by Capiton AG and the Kautex management. The stake was sold by private equity firm Steadfast Capital for an undisclosed consideration.

The Ashurst team was led by Munich banking partner Sebastian Schoon, supported by partner Anne Grewlich, senior associate Carsten Endres and associate Thomas Freund (all banking). Tax aspects were handled by partners Dr Klaus Herkenroth and Heiko Penndorf, corporate aspects by associate Dr Philip Cavaillès (all Frankfurt).

Kautex is a global market leader for high-end extrusion blow molding machines used for the production of industrial and packaging articles. Kautex customers are automotive OEMs, leading automotive suppliers and industrial companies.

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