Mayer Brown announced today that it represented VR Equitypartner GmbH, an investment company based in Frankfurt, on the acquisition of the majority of shares of the Norafin Group. The purchase price was not disclosed. The transaction is still subject to the approval by the antitrust authorities. The management of Norafin Group remains invested in Norafin Group.

Located in Mildenau (Germany), the Norafin Group develops, produces and sells nonwovens for industrial customers. The company currently has around 160 employees.

VR Equitypartner, a joint subsidiary of DZ BANK and WGZ BANK, is a leading equity capital financer in Germany, Austria and Switzerland.

The Mayer Brown team included partners Dr. Julian Lemor (lead) and Birgit Hübscher-Alt as well as associates Michael Gläsner and Miriam Gyun-Mie Meixner (all Corporate & Securities, Frankfurt).