Linklaters has advised Hay Holding GmbH, a Gores Group portfolio company, on the acquisition of the Metallumform Group. With its headquarters in Hannoversch Münden in the German state of Lower Saxony and until now a family-owned company, Metallumform is one of the leading manufacturers of forged and machined automotive components, delivering precision components for motors, gears and axles to the automotive, commercial vehicle and bearing industries.
In parallel with the on-going greenfield development of its new Chinese plant in Tianjin, the acquisition of Metallumform supplements the Hay Group’s strategic development plans to meet the demands and requirements of its customers. The Hay Group’s key focus therein is twofold: to increase the depth of its value-added activities in Germany and to follow its customers in the globalisation of their production footprint into China and North America. Subject to antitrust approval, the transaction will be completed in mid-October. Details in relation to volume of the deal remain confidential.
Hay Holding became part of the Gores Group in 2012. With around 1,300 employees, the company’s turnover in 2011 amounted to approx. EUR 413 million.
Linklaters’ advisory team was led by Dr Ralph Drebes and Dr Moritz von Schlabrendorff (both Corporate, Frankfurt). Other team members included Matthew Devey (Employment, Frankfurt), Marc Trinkaus (Banking, Frankfurt), Daniel von Brevern (Competition/Antitrust, Düsseldorf), Dr Michael Ehret (Tax, Frankfurt), Steffen Schellschmidt (Banking, Frankfurt), Ingo Sappa (Employment, Munich), Dr René Grafunder (Competition/Antitrust, Düsseldorf), Simon Boepple, Dr. Jonas Hermann (both Corporate, Frankfurt), Johanna Pflug (Employment, Frankfurt), Fabian Neumeier (Banking, Frankfurt) and Marc Frantz (Corporate, Luxemburg).