Clifford Chance advised private equity investor Quadriga Capital, Frankfurt am Main, on the sale of 100% of their shares in the Richard Fritz Group based in Besigheim, Baden-Wurttemberg (Germany), to the Turkish Sisecam Group.

Sisecam acquired the company on behalf of its subsidiary Trakya Cam, Turkey's leading glass manufacturer. The acquisition represents an opportunity to further develop its business in Germany and Europe.

The Richard Fritz Group is a European automotive industry supplier for the VW Group, Daimler and BMW, amongst others, in the field of automotive glazing, glass coating, as well as for system solutions and hydrophobic coating. The company employs approximately 1,420 staff at facilities in Germany, Slovakia and Hungary.

Quadriga Capital is specialised in management buy-outs and growth financing of medium-sized companies in Germany, neighbouring countries and Russia. In addition to being active in the automotive supply sector, Quadriga Capital has a diverse group of portfolio companies which invest in the capital goods, consumer goods, consumable materials/supplies, health, service and branded products sectors.

The Clifford Chance team was led by partner Oliver Felsenstein and included counsel Dr. Leif U. Schrader, senior associate Dr. Hendrik Rohricht (all Private Equity), partner Dr. Felix Muhlhauser, counsel Olaf Mertgen (both Tax), partner Alexandra Hageluken and senior associate Gabriel Siebert (both Banking & Capital Markets) – all Frankfurt.

Oliver Felsenstein's team has advised Quadriga Capital on numerous transactions over the last few years, most recently on its acquisition of Kinetics Germany and US-based Kinetic Systems and on the acquisition of the Essmann Group.

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