Lindsay Goldberg has entered into an agreement to purchase the VDM Group from ThyssenKrupp Material International.
Based in Werdohl, Germany, the VDM Group has a global workforce of approx. 2,000 employees and generates annual sales of more than EUR 1 billion. VDM Group is a leading provider of nickel alloys, titanium and zirconium for use in highly corrosive environments – from aviation to chemical engineering, in the oil and gas sector, power generation as well as in car manufacturing, electronics and electrical engineering.
The parties have agreed to keep the purchase price confidential. Closing is subject to approval by the supervisory board and the respective competition authorities.
Lindsay Goldberg is a U.S. private equity fund that manages approx. USD 10 billion in assets. In Europe, Lindsay Goldberg is advised by Lindsay Goldberg Vogel.
The following team of Gleiss Lutz lawyers advised Lindsay Goldberg on the transaction: Dr. Fred Wendt, Dr. Urszula Nartowska (both partners, corporate/M&A, Hamburg, both lead), Dr. Johann Wagner (partner, tax, Hamburg), Frank Schlobach (finance, Frankfurt), Dr. Stefan Lingemann (partner, employment, Hamburg/Berlin), Dr. Andreas Neun (partner, public law, Berlin), Dr. Iris Benedikt-Buckenleib (antitrust, Munich), Dr. Jens Wrede (tax, Hamburg), Dr. Charlotte Beck (counsel, employment, Berlin), Christian Zimmermann (corporate/M&A, Hamburg), Dr. Jacob von Andreae (public law, Düsseldorf).
Cravath, Swaine & Moore (Richard Hall (corporate/M&A), Robin Landis (antitrust)) advised on aspects of U.S. law.
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