Mayer Brown represented Steadfast Capital Fund III, L.P. on the acquisition of the majority stakes in Reutter/ITIB Group. The complex cross-border acquisition comprised Reutter GmbH, based in Leutenbach, Germany, Reutter GmbH based in St. Johann im Pongau with subsidiaries in Slovakia, USA, Mexico and India as well as ITIB S.r.l., based in Paderno, Italy, with plants in Italy and Poland. The debt financing of the transaction was provided by Permira Debt Managers and Südwestbank AG. The purchase price was not disclosed. Together with Reutter’s management and Fortas AG, which has retained a minority shareholding, Steadfast Capital will strengthen the integration of the two group companies and support the development of innovative products as well as entry into new markets.

The Reutter Group is a leading international provider of caps and selective catalytic reduction “SCR” filling systems for commercial vehicles and passenger cars. Furthermore, ITIB is a manufacturer of thermoplastic tubes and pipe connections, supplying to the automotive and white goods market.

Steadfast Capital was founded in 2001 and is an independent private equity investor focusing on medium-size businesses within German speaking Europe and Benelux countries. The acquisition supports the international expansion of the company.

The Mayer Brown team included partners Dr. Julian Lemor and Birgit Hübscher-Alt (both lead, Corporate & Securities), Dr. Martin Heuber (Banking & Finance, all Frankfurt), Dr. Jens Peter Schmidt (Antitrust, Brussels), senior associates Kirsten Schürmann (Banking & Finance) and Vanessa Klesy (Employment & Benefits) as well as associates Michael Gläsner, Anna-Lena Haggeney, Miriam Gyun-Mie Meixner (all Corporate & Securities) and Katharina Kashishian (Banking & Finance, all Frankfurt). In addition lawyers from Mayer Brown’s offices in Mexico City and New York were involved.