DLA Piper has advised Flacks Group on the acquisition of Dorma Beschlagtechnik GmbH, part of the dormakaba Group, one of the top three companies in the global market for access and security solutions. Dorma Beschlagstechnik's line of business concerns the manufacturing of door fittings made of metal and similar materials.

The Flacks Group, headquartered in Miami, Florida, intends to reposition Dorma Beschlagtechnik in the market outside of the dormakaba Group. This includes the takeover of the production and the office location in Velbert (North-Rhine/Westphalia) as well as of all employees of the company.

The Flacks Group specializes in the acquisition and the development of special situations. Through the introduction of expansion capital and additional management expertise, investment companies are repositioned in the market and set up for sustainable growth in close coordination with employees and customers. DLA Piper previously advised Flacks Group in January 2017 on the acquisition of Fürstenberg Holz.

The DLA Piper team was led by partner Dr Dietmar Schulz and consisted of senior associate Tom Braegelmann, associate Katharina Alessandra Plass (all Restructuring), counsel Dr Christoph Imschweiler (Tax), senior associates Dr Constanze Linnebach (IPT), Johanna Leitzke-Schmid (Real Estate, all Munich) and Dr Jan-Philipp Meier (Corporate, Hamburg), as well as associate Philipp Moser (Real Estate, Munich).