Baker McKenzie advised Pacoma Holding S.à rl in connection with the sale of the Pacoma Group to the American group Legget & Platt (L&P).
The acquisition of Pacoma Group is part of the growth strategy of L&P, which entered the hydraulic cylinder market four years ago with the acquisition of PHC.
“With our well-established global team, we were able to support our client in the transaction from start to finish across borders, whether in China, the United States or here on site in Germany. Thus, we quickly achieved the desired objective and Pacoma’s success story can now continue at L&P”, comments Christian Atzler, senior partner of the transaction.
Pacoma is one of the world’s leading suppliers of hydraulic cylinders. They are used in particular in construction machinery and mechanical engineering as well as in logistics and the automotive industry.
L&P is one of the world’s leading manufacturers of comfort components for home and office furniture, beds and adjustable bed frames. The listed group employs more than 20,000 people worldwide at approximately 130 production sites in 17 countries. It reported annual sales of $5.1 billion in 2021.
Baker McKenzie’s Corporate/M&A team regularly advises on domestic and international transactions. More recently, Baker McKenzie advised, among others, Deutsche Beteiligungs AG (DBAG) on its investment in vhf Group, VINCI Energies SA on the acquisition of parts of Kontron AG, AURELIUS on the acquisition of AGFA Offset Solutions and Footasylum JD Sports, FUNKE Digital on the acquisition to Baseplus DIGITAL MEDIA GmbH, Knorr-Bremse AG on the sale of its stake in Haldex AB to SAF-Holland SE, Siemens on the sale of its Commercial Vehicles business to Meritor, Kerry Group plc on the acquisition of c-LEcta, Celanese for the acquisition of DuPont’s Mobility & Materials business, Sika AG for the acquisition of the MBCC group, Advent International for the sale of the Allnex group to PTT Global Chemical, Paragon for the sale of NovumIP to the Questel group, Embracer on the acquisition of Easybrain Limited, and SAP on the sale of the communication unit SAP Digital Interconnect to Sinch AB.
Pacoma Legal Advisor:
Corporate/M&A: Christian Atzler (partner, Frankfurt), Thomas Gilles (partner, Frankfurt)
Corporate/M&A: Richard Stefanink (senior partner, Dusseldorf), Howard Wu (partner, Shanghai), Harold van Kooten (lawyer, Hong Kong), Leo Zhang (lawyer, Shanghai), Karyn Gu (lawyer, Shanghai)
Bank and finance: Matthias Töke (Lawyer, Frankfurt)
IP: Dr. Markus Hecht (Lawyer, Frankfurt)
Business/Restructuring: Joachim Ponseck (partner, Frankfurt), Artur Swierczok (counsel, Frankfurt)