Munich – An international CMS team has advised listed company Mutares AG of Munich on the sale of engineering company A + F Automation + Fördertechnik GmbH, which is headquartered in the Westphalian town of Kirchlengern. The buyer is a fund advised by Swiss company CGS Management AG.

CMS teams from Germany and China headed by partners Dr Martin Kolbinger and Dr Martin Kuhn provided legal support for Mutares AG as the seller in the transaction. The company was sold by way of a structured bidding process involving parallel negotiations with several potential buyers.

A + F Automation + Fördertechnik GmbH is a leading manufacturer of high-quality final packaging machinery and systems for the milk, food and beverage industry. The firm has 160 employees and annual sales of around EUR 28 million. Private equity firm Mutares acquired the SME in 2014 and successfully restructured it. The CGS fund intends to build on this work with its acquisition and develop A + F into an international industrial group.

CMS Germany
Dr Martin Kolbinger, M&A, Lead Partner
Dr Martin Kuhn, Private Equity, M&A, Partner
Dr Anne Meckbach, M&A, Counsel
Julia Lindner, M&A

CMS China
Dr Ulrike Glück, M&A, Partner
Kevin Wang, M&A, Partner
Angela Chen, M&A

Mutares AG (In-house)
Jan Thöle, General Counsel