Allen & Overy LLP has advised Kreissparkasse Biberach and Sparkasse Pforzheim Calw in connection with the financing of the acquisition of Felss Group by Capvis.

The Capvis Equity IV LP fund, which is advised by Swiss based Capvis Equity Partners AG (collectively "Capvis"), will acquire the shares from the previous sole shareholder Christine Kienhöfer, who will retain a substantial shareholding in Felss Group.

The Felss Group, which has its headquarters in Königsbach-Stein, is a global technology leader in cold forming technology of hollow parts. The family business, which was founded in 1905, currently has six production sites in Europe, Asia and the USA with over 600 employees and customers which include numerous international blue-chip automotive suppliers and car manufacturers. In 2016, the group generated a turnover of approximately EUR 125 million.

The Allen & Overy team was led by partner Thomas Neubaum and included counsel Dr. Urs Lewens, senior associate Patrick Reuter and associate Dr. Anna Serwotka (all Banking & Finance, Frankfurt). Teams from Allen & Overy's New York and Slovakian offices were also involved.

Capvis was represented on the financing project by Ashurst (partner Dr. Bernd Egbers and senior associate Isabelle Pöller, Munich).