Baker & McKenzie advised internationally operating Swiss technology group Feintool AG on the sale of its subsidiary IMA Automation Amberg GmbH to the automotive supplier Preh GmbH, which is owned by the Chinese Joyson Group. The transaction is subject to the approval of antitrust authorities.

The acquisition by the Joyson group was structured as a share deal with separate purchase of the company production site. Baker & McKenzie advised comprehensively on all transaction-related legal and tax issues. The total purchase price amounted to approximately EUR20 million. Baker & McKenzie's transaction team was led by Kilian Perroulaz from the Zurich office and Dr. Nikolaus Reinhuber from Frankfurt.

"Once again, we assisted Feintool in a significant transaction. The sale of Feintool's automation division is another example of the excellent cooperation with our client as well as amongst our offices in Switzerland and Germany," commented Dr. Nicholas Reinhuber, Head of Baker & McKenzie's German Corporate/ M&A practice group.

Feintool is an internationally operating technology group listed on the Swiss stock exchange. Feintool, which specializes in the development of fineblanking systems and ready-to-install forming components, is regularly advised by Baker & McKenzie, most recently on its capital increase mid 2013. With its locations in Europe, Japan, China and the USA, Feintool is represented in the world's major automotive markets. Headquartered in Lyss, Switzerland, the company has a headcount of just under 2000.

Feintool subsidiary IMA Automation Amberg GmbH has almost 40 years of experience in the design and implementation of demanding assembly automation systems and ranks as one of the technology leaders in its field. IMA employs more than 240 staff members.

Baker & McKenzie's Corporate/ M&A teams regularly advise strategic investors on transactions and restructurings. Most recently, Baker & McKenzie advised Gruner + Jahr on the sale of its Munich-based specialist publisher Entertainment Media, Hochtief on the restructuring of its Hochtief Solutions AG and the spin-off of its Service Solutions division, Sulzer AG on the sale of Metco Division of OC Oerlikon, Sika on the acquisition of construction adhesive business of Akzo Nobel, Knorr-Bremse on the purchase of two companies from the rail-supply sector, Mahle on the acquisition of Behr as well as Karl Schlecht Foundation on the sale of Putzmeister.

Legal Advisor Feintool AG:

Baker & McKenzie

Lead:

Corporate: Dr. Nikolaus Reinhuber (partner, Frankfurt), Kilian Perroulaz (partner, Zurich)

Team: 

Corporate/M&A: Dr. Barbara Deilmann, Dr. Florian Thamm (both partners, Dusseldorf), Dr. Arne Friel (partner,Berlin), Dr. Niklas Wielandt, Holger Engelkamp (associates, Berlin)

Tax: Christoph Becker, Jochen Meyer-Burow (partners, Frankfurt)

Antitrust: Dr. Nicolas Kredel (partner, Dusseldorf)

Public Law: Dr. Julia Pfeil (associate, Frankfurt)