Noerr has advised the managing shareholders of FRIMO Group GmbH (Frimo) on an investment by Deutsche Beteiligungs AG (DBAG) in the company. DBAG and DBAG Fund VI will acquire a majority interest in Frimo in a management buyout. The remaining shares will be held by the company’s management, including the two managing shareholders Hans-Günter Bayer and Rainer Wittkorn. They will reinvest in Frimo and together hold a 20 per cent interest.

The competition authorities still have to approve the transaction.

Frimo is one of the leading global manufacturers of system solutions for manufacturing high-quality plastic components. Its customers largely consist of automotive suppliers and automobile manufacturers. The company group headquarters are in Lotte, North Rhine-Westphalia. It also has locations in Europe, America and Asia. Last year the group achieved sales of €207 million with a workforce of approximately 1,400 employees.

Advisors to shareholders of FRIMO Group GmbH: Noerr LLP

Dr Thorsten Reinhard, Dr Andrea Zwarg (joint lead, Corporate/M&A), Dr Tom Beckerhoff (Finance, all Frankfurt), Dr Sebastian Janka (Antitrust, Munich), Dr Georg Schneider (Munich), Sebastian Voigt (Dresden, both Private Equity)

Associates: Dr Romy Nicole Fleischer (Corporate/M&A, Dresden), Martin Gliewe (Employment, Frankfurt), Julia Kominek (Private Equity, Munich), Dr Dennis Lepczyk (Real Estate), Dr Christian Schützler (Corporate/M&A), Dominik Zweigler (Employment, all Frankfurt)