STARK Corporation’s Acquisition of LEONI’s Business Group Automotive Cable Solutions – Global Legal Chronicle

2022-05-28 07:47:11 By : Ms. Devon zhu

Hengeler Mueller advises LEONI on the transaction.

LEONI AG sells its Automotive standard and special cables business, bundled in the Business Group Automotive Cable Solutions (“BG AM”), to STARK Corporation Public Company Limited.

As a long-standing supplier to the international automotive industry, BG AM has a worldwide production network with 10 locations in 7 countries and around 3,300 employees. STARK Corporation is one of Southeast Asia’s leading wire and cable suppliers across industries.

The transaction marks another milestone for the upcoming refinancing of LEONI. The sold activities are valued with an enterprise value of EUR 560 million. The completion of the transaction is subject to various closing conditions, including required regulatory clearances.

The Hengeler Mueller team ed by partners Daniel Wiegand (Picture) and Elisabeth Kreuzer (both M&A, Munich) and included partners Simon Link (Corporate/Capital Markets), Sarah Milde (Antitrust) (both Munich), Christian Hoefs (Employment, Frankfurt) and Matthias Scheifele (Tax, Munich), counsel Matthias Rothkopf (IP/IT, Düsseldorf), Marius Marx (Tax, Frankfurt) and Moritz Rademacher (Public Law, Düsseldorf) as well as associates Florian Braun, Nicholas Kubesch, Ioanna Tsotsa, Maximilian Schlüter (all M&A, Munich), Johannes Ahlswede, Lisa Schwarz (both Corporate/Capital Markets), Caroline Beyersdorf (Antitrust) (all Munich), Andreas Kaletsch (Employment, Frankfurt) and Kim Josefine Weisser (IP/IT, Düsseldorf).

Involved fees earner: Johannes Ahlswede – Hengeler Mueller; Caroline Beyersdorf – Hengeler Mueller; Florian Braun – Hengeler Mueller; Christian Hoefs – Hengeler Mueller; Andreas Kaletsch – Hengeler Mueller; Elisabeth Kreuzer – Hengeler Mueller; Nicholas Kubesch – Hengeler Mueller; Simon Patrick Link – Hengeler Mueller; Marius Marx – Hengeler Mueller; Sarah Milde – Hengeler Mueller; Moritz Rademacher – Hengeler Mueller; Matthias Rothkopf – Hengeler Mueller; Matthias Scheifele – Hengeler Mueller; Maximilian Schlüter – Hengeler Mueller; Lisa Schwarz – Hengeler Mueller; Ioanna Tsotsa – Hengeler Mueller; Kim Josefine Weisser – Hengeler Mueller; Daniel Wiegand – Hengeler Mueller;

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