Dentons has advised the owner family of Drahtzug Stein Holding GmbH & Co. KG on the sale to EMERAM Private Equity Fund I. Advisor of the fund is the Munich-based investment company EMERAM Capital Partners GmbH. The equity for the sale was jointly provided by the owner family, EMERAM Private Equity Fund I and the management. The transaction serves the purpose of financing the companies’ plans for economic growth. The parties agreed not to disclose the value of the transaction which still is subject to approval by the cartel authority.

The owner family Stein will retain a minor share in the company in future. Moreover, Wolfgang Stein and Peter Staab –so far managers of the company – will be responsible for the operational management in the transition phase of this transaction. Upon completion they will act as members of the advisory board of the new management.

The palatinate traditional company Drahtzug Stein is a global leader in the production of wire goods for household devices, bathroom & furniture, agriculture, automotive and medical technology. Apart from Germany and France the production sites are located in Italy, Poland and the US. On the whole, the company employs more than 1,400 staff members, 340 of them in Germany. The Munich-based investment company EMERAM Capital Partners is an investment company for German-speaking medium-sized companies. Funds advised by EMERAM Capital Partners comprise a volume of more than €350 million.

The Dentons team led by Robert Bastian, partner in the Frankfurt office, has comprehensively advised the owner family Stein on Due Diligence, sale and retaining a minority stake. The business relationship with Drahtzug Stein and the owner family has existed for many years. Robert Bastian has e.g. advised them in the past on the sale of their subsidiary Drahtzug Stein wire & welding GmbH & Co. KG to the US company Illijnois Tool Works, Inc.

Advisor Drahtzug Stein

Dentons (Frankfurt): Robert Bastian (Partner, lead, Private Equity, M&A), Frank Lenzen (Partner, Employment), Thomas Voss (Counsel, Tax), Ariane Theissen (Associate, Corporate).