AmCham Slovakia

JOIN US

CMS team advises buyer Karl Eugen Fischer on due diligence, contract negotiations and transfer of shares in cross-border transac

Karl Eugen Fischer GmbH (KEF), based in Burgkunstadt, Bavaria, is the world's leading manufacturer and developer of cutting systems for the tyre industry. KEF is a subsidiary of Deutsche Beteiligungs AG, a listed German investment company based in Frankfurt am Main and one of Europe's leading private equity houses. In early December, a KEF Group company acquired Konštrukta-TireTech (KTT), a Slovakian manufacturer of extrusion and cutting equipment for the tyre industry. The cross-border transaction was accompanied by a team of lawyers from the Slovakian branch of the international law firm CMS.

The CMS team handled the legal due diligence, the negotiation of the share purchase agreement, the settlement with the banks involved and the subsequent transfer of the shares on behalf of the buyer.

Oliver Werner, Managing Partner at CMS Slovakia and lead partner in the transaction, is delighted with the successful conclusion of the contract negotiations: “As a global market leader, our client KEF operates in a very competitive environment. KEF was able to benefit from our substantial knowledge gained during our many years of experience with M&A transactions in the automotive industry as well as in the private equity sector. We are therefore very pleased that we were able to successfully support KEF not only with our technical competence but also with our Slovakian network of experts.”

The Slovak legal team, led by Oliver Werner, included Soňa Hanková, Natália Jánošková, Martina Gavalec and Terézia Rusnáková.

The sellers were advised by Allen & Overy Bratislava, Tomáš Bury a Martin Magál.

CMS Cameron McKenna Nabarro Olswang, advokáti, v.o.s.