Frankfurt, May 18, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the funds Capvis Equity Partners IV LP (together "Capvis"), advised by the Swiss investment company Capvis Equity Partners AG on the acquisition of a stake in the ProXES group. Capvis acquires the shares through its Fund Capvis Equity Partners IV LP of DBAG Fund V, a fund managed by Deutsche Beteiligungs AG, DBAG.

ProXES is a leading provider of machines and production lines primarily for the food industry. The group’s products are used to make and process liquid and semi-liquid food, cosmetics and pharmaceutical products in a variety of processes.

The acquisition is still subject to approval by the competent cartel authorities.

A Milbank team led by Michael Bernhardt comprehensively advised Capvis Equity on all legal aspects related to the transaction.

Advisor to Capvis: Milbank, Tweed, Hadley & McCloy LLP

Michael Bernhardt (lead, Corporate/M&A, Frankfurt), Matthias Schell (Tax, Munich), Alexander Rinne, Andreas Boos (both Antitrust, Munich), Leopold Riedl (Corporate/M&A, Frankfurt)