Gleiss Lutz has advised Freudenberg Performance Materials on the acquisition of major parts of the Heytex Group from private equity investor Bencis Capital Partners.
The acquisition covers the core business of Heytex with three production locations (Germany and China) and all central functions including sales and R&D.
Headquartered in Bramsche, Germany, the Heytex Group is one of the world’s leading manufacturers of high-quality and functional technical textiles. With a workforce of around 400 employees, the parts of the Heytex Group to be acquired generated approximately EUR 100 million in 2023.
Freudenberg Performance Materials is a leading global supplier of innovative technical textiles for a broad range of markets and applications such as apparel, automotive, building interiors, building materials, healthcare, energy, filter media, shoe and leather goods as well as specialities. In 2023, the company generated sales of more than EUR 1.4 billion, had 32 production sites in 14 countries and employed over 5,000 staff.
The transaction is subject to approval by the antitrust authorities.
The following Gleiss Lutz team, led by Dr. Rainer Loges (partner) and Franz-Ferdinand Guggenmos (both Corporate/M&A, both Munich), advised Freudenberg on the matter:
Dr. Theresa Neher (Munich), Dr. Andreas Duttig (Stuttgart), Tobias Zorn, Dr. Tobias Harzenetter (partner, both Munich), Dr. Till Trouvain (all Corporate/M&A, Frankfurt), Dr. Johann Wagner (partner, Hamburg), Dr. Ocka Stumm (partner, Frankfurt), Paul Hentschel (all Tax, Hamburg), Dr. Johannes Niewerth (partner, Hamburg), Dr. Jonas Rybarz (of counsel, Berlin), Lesley Milde (all Real Estate, Hamburg), Dr. Doris-Maria Schuster (partner, Hamburg), Steffen Hein (both Employment, Frankfurt), Dr. Matthias Werner (partner), Dr. Sebastian Girschick, Dr. Felizitas Casper, Dr. Josefine Börner (all IP/Tech, all Munich), Dr. Jacob von Andreae (partner), Dr. Lars Kindler (counsel), Matthias Hahn (all Public Law, all Düsseldorf), Dr. Eva Reudelhuber (partner), Dr. Julia Baldus, Ardian Gagica, Cora Seelmann (all Banking & Finance, all Munich), Dr. Iris Benedikt-Buckenleib (counsel), Dr. Kathrin Haag (both Competition/Antitrust, both Munich), Dr. Manuel Klar (counsel, Munich), Simon Wegmann (both Data Protection, Berlin).
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