Dentons advised funds managed by Cross Equity Partners on the acquisition of all shares of WDM Wolfshagener Draht- und Metallverarbeitung sold by DG Drahtgitter Holding. Through this transaction a holding company will be formed, in which WDM’s management will co-invest. The parties agreed to keep the purchase price confidential.

Cross Equity Partners is a private equity firm, which invests in profitable mid-sized companies with entrepreneurial management in fast growing market niches in engineering, machinery and industrial products. WDM is a producer of welded wire mesh for a variety of applications and is based in Wolfshagen, Germany.

Dentons’ Private Equity team in Frankfurt, led by Dr. Volker Junghanns, advised the purchaser on all legal issues in connection with the transaction. In addition to legal due diligence, this also included negotiating the acquisition and management participation documents, the warranty and indemnity insurance as well as the bank financing. Dentons has a long standing relationship with the client. The team also advised Cross Equity Partners on the acquisition of Rademacher Group in the framework of a management buy-out.
Advisors to Cross Equity Partners AG:

Dentons (Frankfurt): Dr Volker Junghanns (Overall lead, Counsel, Private Equity), Tobias von Gostomski (Lead Finance, Counsel), Frank Lenzen (Partner, Employment), Sabine Wieduwilt (Partner, Real Estate), Tom Pagels (Senior Associate, Private Equity), Hasine Azim (Associate, Employment)